Justice Department opens investigation into wireless carriers

Justice Department opens investigation into wireless carriers

The U.S. Justice Department is probing some of the leading wireless carriers and an industry group over possible coordination to make it harder for customers to switch carriers. The Justice Department sent a letter in February to the four major national carriers as well as to an industry standards-setting group, GSMA, seeking more information, a […]

Pivotal IPO falls short of recent cloud hysteria

Pivotal IPO falls short of recent cloud hysteria

The recent hysteria for new cloud-software stocks seemed to ease a bit Friday with Pivotal Software Inc.’s initial public offering, but there are obvious questions about whether that is an issue with Pivotal or if enthusiasm is waning overall. Pivotal PVTL, +4.87% […]

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

Next month, Facebook Inc. (FB) , Alphabet Inc. (GOOGL) and other large tech companies will be playing by a new set of rules when it comes to data privacy in Europe. The General Data Privacy Regulation, or GDPR, goes into effect May 25 and will change how companies handle users’ personal information online. Facebook has […]

US Investigating AT&T and Verizon Over Wireless Collusion Claim

US Investigating AT&T and Verizon Over Wireless Collusion Claim

An AT&T spokesman said the company was “aware of the investigation,” had provided information to the government for it and was working “to move this issue forward.” Photo The investigation may also include major American carriers other than AT&T and Verizon, a person with knowledge of the inquiry said. Credit Brandon Thibodeaux for The New […]

Stocks veer down as tech shares slump

Stocks veer down as tech shares slump

The Standard & Poor’s 500 index fell 22.99 points, or 0.9%, to 2,670.14. The Dow Jones industrial average slid 201.95 points, or 0.8%, to 24,462.94. The Nasdaq composite sank 91.93 points, or 1.3%, to 7,146.13. The Russell 2000 index of smaller-company stocks retreated 9.69 points, or 0.6%, to 1,564.12. Source link

Southwest emergency: Did the FAA wait too long to order engine checks?

Southwest emergency: Did the FAA wait too long to order engine checks?

But the FAA never issued a directive requiring the inspections, and on April 17, the second engine failure hit Southwest. The FAA’s critics said they believe the air travel agency’s bid to work more closely with carriers sometimes slows its reaction to serious problems. “The airlines are dictating to the FAA what they think should […]

General Electric reports $1.2 bn loss in 1Q; reaffirms outlook

General Electric reports $1.2 bn loss in 1Q; reaffirms outlook

New York (AFP) – General Electric reported a $1.2 billion loss in the first quarter Friday following a large legal charge, but shares surged after operating profits topped analyst expectations. GE, which has been hit by weakness in its power and oil and gas businesses, set aside $1.5 billion in legal reserves connected to lawsuits […]

Walmart relaxes dress code for some workers: Blue jeans are now OK

Walmart relaxes dress code for some workers: Blue jeans are now OK

CLOSE Last year Walmart.com rolled out its free two-day shipping on all orders over $35…this year its getting a much anticipated facelift. Buzz 60’s Chandra Lanier has the story. Buzz60 A Walmart associate weighing produce.(Photo: Walmart) If that Walmart worker who greets you the next time you go into a store seems a little more […]