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Business - FCC to propose pay-for-priority Internet standards

LOS ANGELES (AP) The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called `last mile` connection to people`s homes.

Thursday, April 24, 2014  01:35


Business - Qualcomm faces China bribery allegations from U.S. regulator

By Noel Randewich SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China. With smartphone sales tapering off in the United States, China is a major market for Qualcomm, but doing business there has included disagreements over royalties and an antitrust investigation. In its fiscal second-quarter report, Qualcomm said it has received a notice from the Securities and Exchange Commission`s Los Angeles office advising it of a preliminary determination to recommend an enforcement action against the company for violating the Foreign Corrupt Practices Act (FCPA). Qualcomm said the civil action could seek remedies including `disgorgement of profits, the retention of an independent compliance monitor to review the company`s FCPA policies and procedures, an injunction, civil monetary penalties and prejudgment interest.` Qualcomm said it first learned of and disclosed the SEC investigation in 2012.

Thursday, April 24, 2014  01:24


Technology - FCC proposes allowing streamers to strike ISP deals

Commission revising net neutrality rules after court threw out old ones.

Thursday, April 24, 2014  00:48


World - Bolivia threatens to fire protesting soldiers

LA PAZ, Bolivia (AP) Despite a government threat to fire them, some 500 soldiers marched in Bolivia`s capital Wednesday for a second consecutive day to demand greater upward mobility within the armed forces.

Thursday, April 24, 2014  00:48


World - Bolivia approves downing of drug-smuggling planes

LA PAZ, Bolivia (AP) A new Bolivian law authorizes the country`s military to shoot down planes suspected of smuggling cocaine, though it cannot yet be put into practice because it doesn`t have sufficient radar coverage.

Thursday, April 24, 2014  00:11


Sports - Penn St. fans plan new statue of Joe Paterno

STATE COLLEGE, Pa. (AP) With one Joe Paterno statue in storage, fans of the late Penn State football coach are commissioning a new one to be placed across from the university.

Wednesday, April 23, 2014  22:02


Business - Ex-Nvidia manager settles U.S. SEC charges on illegal tips

By Emily Flitter and Sarah N. Lynch NEW YORK/WASHINGTON (Reuters) - A former accounting manager for Nvidia Corp has settled with the U.S. Securities and Exchange Commission over allegations he leaked non-public information about the chipmaker that allowed a group of Wall Street analysts to make millions through illegal trades, the SEC announced on Wednesday. The SEC said Chris Choi of San Jose, California will pay $30,000 to settle civil charges that he shared confidential tips with a friend who passed them on to a circle of hedge fund employees. The Wall Street circle that benefited from Choi`s tips included two former portfolio managers, Todd Newman and Anthony Chiasson, whose insider trading convictions are being examined by a federal appeals court. Another one of the portfolio managers who eventually received information leaked from Choi was former SAC Capital employee Michael Steinberg, who was convicted in December on criminal charges related to insider trading.

Wednesday, April 23, 2014  22:37


Business - Bipartisan group slams U.S. SEC for resisting email privacy reform

By Sarah N. Lynch WASHINGTON (Reuters) - A coalition of liberals and conservatives is lashing out at the U.S. Securities and Exchange Commission for pushing back against legislation that would force government agencies to get warrants before they access the email of people under investigation. The group, Digital 4th, on Wednesday launched , a website urging the public to lobby the White House to support sweeping changes to federal privacy laws proposed in Congress in 2013. In a conference call with reporters, the group singled out the SEC for stalling the reforms. It also called on President Barack Obama to respond to a petition with more than 100,000 signatures in support of the bill, saying the SEC`s opposition has caused the White House to ignore a groundswell of support.

Wednesday, April 23, 2014  22:37


Business - U.S. regulators to propose new net neutrality rules in May

By Alina Selyukh WASHINGTON (Reuters) - U.S. regulators are expected to vote on May 15 on a new set of so-called `net neutrality` rules aimed at making certain that broadband providers do not slow down or block consumers` access to legal Internet content. Federal Communications Commission Chairman Tom Wheeler on Wednesday said he plans to circulate his proposed rules among other commissioners on Thursday, teeing them up for a vote at the FCC`s May 15 meeting. The rules are expected to ensure that network operators disclose exactly how they manage Internet traffic and do not restrict consumers as they surf the Web. Wheeler has also said he planned to take a case-by-case approach to reviewing the practices adopted by Internet providers.

Wednesday, April 23, 2014  22:14


World - Canada, France face off again over island claims

A longstanding feud over two French islands near Canada`s Atlantic Coast was rekindled Wednesday, when Ottawa contested Paris`s request that the UN recognize its control of waters around Saint-Pierre-and-Miquelon. France had filed an application with the UN Commission on the Limits of the Continental Shelf last week, seeking a vast economic zone around the islands` coastlines. France`s claim aimed `to assert its rights, in compliance with international law,` foreign ministry spokesman Romain Nadal said last week. But Canada had already filed an overlapping claim, and on Wednesday it vowed to fight France`s efforts to extend its territory in North America.

Wednesday, April 23, 2014  21:51

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