Feeds
The government said Monday it has supplied $33.56 billion to 21 banks in a second round of payments from the $700 billion rescue program, and announced a deadline for another 3,800 banks to apply for funds.
Mortgage industry representatives told skeptical lawmakers Wednesday that investors in mortgage-backed securities are not hindering government efforts to stem an increasing tide of foreclosures.
The chairman of the House Financial Service Committee accused financial institutions on Friday of "distorting" the government's $700 billion economic bailout plan by using funds for bonuses, dividends and acquisitions.
Congressional leaders made clear Wednesday they do not want money from the financial industry bailout used to boost executives' pay.
First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
The government's plan to make sure private managers of a $700 billion bailout plan are free of conflicts of interest is weak, according to some critics, and allows too much room for abuse.
It can be a fine line between investing and gambling. But in Las Vegas, you know the odds. On Wall Street, that's not always the case.
Congress has passed legislation that will require the government to keep closer tabs on who has access to the Internet and who does not.
The House on Thursday moved to force companies that sell or distribute prepaid calling cards to describe any fees associated with the cards on packaging and in advertising.
The Federal Communications Commission approved a new framework for the creation of a nationwide emergency communications network Thursday amid concerns that the ongoing economic crisis may make it difficult to attract investors.
Even if all goes smoothly, next February's digital television shift is likely to generate hundreds of thousands of complaints from television viewers around the country.
The government has expanded a coupon program meant to ease the transition to digital television broadcasting to cover nursing home residents and users of post office boxes.
Federal regulators were upbeat in assessing efforts to educate the people of Wilmington, N.C., as the city shifted to digital TV broadcasting this week, more than five months before the rest of the nation.
The chairman of the Federal Communications Commission said Friday that he is unlikely to delay plans for an important test in North Carolina that could disrupt television service for some viewers in the path of Tropical Storm Hanna.
Comcast Corp. is appealing an FCC ruling that the company is improperly blocking customers' Web traffic, triggering a legal battle that could determine the extent of the government's authority to regulate the Internet.
Sen. Barack Obama's pledge to supporters that they would be the "first to know" his running mate turned out to be a savvy but unworkable communications strategy.
The Federal Communications Commission is proposing a ban on certain types of wireless microphones and has begun an investigation into how the industry markets its products.
The fees that cell phone carriers charge customers who break service contracts took a big hit in a California courtroom when a judge said such charges by Sprint Nextel Corp. likely violate state law.
A divided Federal Communications Commission has ruled that Comcast Corp. violated federal policy when it blocked Internet traffic for some subscribers and has ordered the cable giant to change the way it manages its network.
Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean millions of subscribers will be able to receive programming from both services, while executives say it will create huge cost savings for the industry.
Approval of a merger of the nation's only two satellite radio companies was imminent Thursday after the pair agreed to pay $19.7 million to settle charges they violated federal rules.
Consumer groups are accusing Broadway actors, mega-church pastors, karaoke DJs and others who use popular wireless microphones of unwittingly violating Federal Communications Commission rules that require government licenses for such devices.
A recommendation to punish Comcast Corp. for blocking subscribers' Internet traffic should serve as a warning to other service providers, the nation's top telecommunications regulator said Friday.
A stealthy form of advertising in which products are featured on television shows as props and even woven into story lines has drawn the government's attention.
Sen. Barack Obama on Sunday said as president he would strengthen government oversight of energy traders he blames in large part for the skyrocketing price of oil.
Log In | Register
