Next Senate hearing on GM seen after company probe complete
WASHINGTON (Reuters) – The next round of hearings in the Senate to probe General Motors’ delayed recalls of vehicles plagued by ignition-switch defects will come after the company completes its own internal probe, a Senate aide said on Tuesday.
FCC vote on ‘net neutrality’ will kick off long battle
WASHINGTON (Reuters) – U.S. efforts to set new Internet traffic rules face a lengthy tug of war between broadband providers and Republicans on one side and some tech companies and consumer advocates on the other as regulators prepare to propose the rul…
Next step for bankrupt Detroit: Ending abandoned home crisis
WASHINGTON (Reuters) – The federal government is pushing to eradicate a long-standing symbol of Detroit’s massive economic deterioration: the abandoned house.
U.S. regulator opens door wider for Americans on mortgages
WASHINGTON (Reuters) – The regulator of Fannie Mae and Freddie Mac laid out plans for the government-run companies on Tuesday that could make it easier for Americans to obtain mortgages, marking a sharp departure from a predecessor who wanted to aggres…
U.S. judge tosses SEC case over alleged Ponzi scheme
(Reuters) – Five former real estate executives do not have to face a U.S. Securities and Exchange Commission lawsuit accusing them of engaging in a $300 million Ponzi scheme, a U.S. judge has ruled, saying the agency waited too long to sue.
Microsoft slashes Xbox price, frees up Netflix and other popular apps
SAN FRANCISCO (Reuters) – Microsoft Corp will take $100 off the price of its Xbox One gaming console and let users view popular entertainment apps such as Netflix and ESPN without a $60-plus “Live” subscription, hoping to spur sales against rival devic…
BuzzFeed president steps down, takes adviser role
(Reuters) – BuzzFeed President and Chief Operating Officer Jon Steinberg is stepping down after four years at the online entertainment and news start-up and will become an adviser to the company.
AT&T in talks to buy DirecTV for nearly $50 billion: sources
NEW YORK/LOS ANGELES (Reuters) – AT&T Inc is in active talks to buy satellite TV provider DirecTV and may complete a deal in the next few weeks that could be worth close to $50 billion, two people familiar with the matter said on Monday.
UK lawmakers give Pfizer stick as it waves carrot at AstraZeneca
LONDON (Reuters) – U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs.
BNP Paribas may pay more than $3 billion to end probes: sources
NEW YORK/WASHINGTON (Reuters) – BNP Paribas is in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether the French bank violated U.S. sanctions on Iran, Sudan and other countries, people familiar with the matter said.
