Malathi's Feed
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.

Mar 18, 2015

Mobile takes aim at business market with new cellular plans

March 18 (Reuters) – T-Mobile US Inc rolled out
cellular and data plans for business customers, taking aim at a
lucrative market segment long dominated by larger rivals AT&T
Inc and Verizon Communications Inc.

Companies with more than 1,000 lines will pay $10 per month
for each line. Other firms with multiple lines will be charged
$15 a line. In both cases, every line comes with 1 gigabyte of
high-speed data and allows unlimited calls and text messages.

Mar 18, 2015

Sony’s PlayStation Vue online TV service launches at $50 a month

NEW YORK (Reuters) – Sony Corp on Wednesday launched its PlayStation Vue Web video service in three cities, targeting customers looking for cheaper alternatives to cable with packages starting at $50.

The Web and cloud-based television service, which allows users to access live TV and on-demand video, has been in test mode since November. Sony joins several new competitors in online video services with one of the largest packages of channels.

Mar 11, 2015

Developers wrestle with making ‘killer app’ for Apple Watch

NEW YORK, March 10 (Reuters) – Software developers say it
will not be easy to come up with a “killer app” for Apple Inc’s
Watch – few have seen the product and the software is
still in test mode.

While app makers are passionate about developing for the
Apple Watch, some are skeptical about the prospects of coming up
with a big idea for the little computer on a wrist that hits
stores on April 24, said Markiyan Matsekh, product manager at
software engineering firm Eleks.