Malathi's Feed
Apr 13, 2015

Corrected – U.S. broadband trade group challenges FCC net neutrality

By Malathi Nayak

(Reuters) – (Story corrects to change rules “took effect” to “were officially published” in paragraph 1 and changes paragraph 3 to say rules effective after 60-day period)

A U.S. trade group representing broadband providers said on Monday it filed a petition challenging the Federal Communications Commission’s recently approved net neutrality order after the rules were officially published.

Apr 13, 2015

U.S. broadband trade group challenges FCC net neutrality

By Malathi Nayak

(Reuters) – A U.S. trade group representing broadband
providers said on Monday it filed a petition challenging the
Federal Communications Commission’s recently approved net
neutrality order after the rules took effect.

USTelecom said in its filing to the U.S. Court of Appeals
for the District of Columbia that its petition “supplements” the
lawsuit it had filed in the same court on March 23.

Apr 9, 2015

Zynga CEO resigns, founder Mark Pincus steps back in

By Malathi Nayak and Sai Sachin R

(Reuters) – In an abrupt changing of the guard, Zynga has announced that Chief Executive Don Mattrick will step down and founder Mark Pincus will return to lead the company as it struggles to adapt to the changing tastes of gamers.

Zynga Inc’s (ZNGA.O: Quote, Profile, Research, Stock Buzz) shares, which have been below $5 for over a year, were down as much as 11 percent at $2.58 in extended trading following the news.

Apr 8, 2015

U.S. FCC imposes $25 mln fine on AT&T over customer data breach

NEW YORK, April 8 (Reuters) – The Federal Communications
Commission reached a $25 million settlement with AT&T Inc
over a consumer data breach at call centers in Mexico, Colombia
and the Philippines, the U.S. communications regulator said on
Wednesday.

The breaches led to unauthorized disclosure of names and
full or partial Social Security numbers and illegal access to
account information of about 280,000 U.S customers of AT&T, a
senior FCC official told reporters on a conference call.

Mar 31, 2015

Comcast to form $4 billion investment arm with CFO at helm

By Malathi Nayak

(Reuters) – Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, Comcast said on Tuesday.

The largest U.S. cable operator will shell out $4 billion and Angelakis will invest at least $40 million with the rest coming from senior members of a team he will appoint.

Mar 26, 2015

Verizon’s online video service revenue may depend on ads: CFO

NEW YORK (Reuters) – Verizon Communications Inc may rely largely on advertising for revenue from its upcoming online video service, Chief Financial Officer Fran Shammo said in an interview.

This could set the No. 1 U.S. wireless carrier apart from rival online video services such as Dish Network Corp’s Sling TV and Sony Corp’s PlayStation Vue, which offer traditional TV content with ads and collect subscription fees.

Mar 26, 2015

Verizon’s online video service revenue may depend on advertisements – CFO

NEW YORK (Reuters) – Verizon Communications Inc may rely largely on advertising for revenue from its upcoming online video service, Chief Financial Officer Fran Shammo said in an interview.

This could set the No. 1 U.S. wireless carrier apart from rival online video services such as Dish Network Corp’s Sling TV and Sony Corp’s PlayStation Vue, which offer traditional TV content with ads and collect subscription fees.

Mar 19, 2015

U.S labor board says some T-Mobile policies are illegal

NEW YORK (Reuters) – The U.S. National Labor Relations Board ruled that certain labor policies of wireless carrier T-Mobile US Inc were unfair, including some practices that discouraged workers from organizing.

NLRB Judge Christine Dibble said in an order on Wednesday that several provisions in T-Mobile’s employee handbook, code of conduct, confidentiality agreement and form asking employee’s to comply with unlawful work rules were unfair labor practices.

Mar 19, 2015

U.S. trade groups seen leading lawsuits against new Internet rules

WASHINGTON/NEW YORK (Reuters) – Trade associations
representing large U.S. Internet service providers are expected
to take the lead in suing the Federal Communications Commission
over its new web traffic regulations, according to several
people familiar with the plan.

U.S. telecom and cable firms have said they would challenge
the FCC’s latest “net neutrality” rules in court. But at least
some companies, including Verizon Communications Inc, are
currently not planning to bring individual lawsuits and instead
aim to participate through trade groups, the sources said.

Mar 19, 2015

Trade groups seen leading lawsuits against new Internet rules

WASHINGTON/NEW YORK (Reuters) – Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan.

U.S. telecom and cable firms have said they would challenge the FCC’s latest “net neutrality” rules in court. But at least some companies, including Verizon Communications Inc, are currently not planning to bring individual lawsuits and instead aim to participate through trade groups, the sources said.