Comcast's $45 billion bid to acquire Time Warner Cable has raised a host of objections from various consumer and social action groups, with the main concern being that the merging of the two companies would dominate the cable television and broadband industry, edging out competition and leaving consumers with fewer choices. The combined company would have up to 33 million cable subscribers and close to that number of broadband users, a scenario which could give it the power it needs to influence networks with regard to licensing fees, as well has being able to set market rates on its products and services.
Some observers have suggested that the new company may even have the power to exert influence over what shows are broadcast to consumers on television sets, mobile devices and laptops. While Comcast has reportedly stated that it would not block competitors on its network, the expansion of the company in the United States will give it more control over what is referred to as the "last mile" – the line in...
First SEC Investor Advocate Appointed - 13 Feb 2014 - Features
As part of the Dodd-Frank law signed in July 2010, the Securities and Exchange Commission (SEC) has set up the Office of the Investor Advocate and appointed the current deputy general counsel for the North American Securities Administrators Association (NASAA), Rick A. Fleming, to head up the new department, starting February 24. The new investor advocacy office aims to educate members of the public who are considering making investments, by making investment information and decision making tools freely available. As stated on their website: "The SEC cannot tell you what investments to make, but we can offer unbiased information about investing." Topics covered by the SEC include Introduction to the Markets; Investing Basics; Researching and Managing Investments; Employment and Retirement; and Life Events...
Fed's Tapering Process Continues - 30 Jan 2014 - Markets
In a process that has been described as 'tapering', the Federal Reserve made it known that it will be reducing its bond-buying program by a further $10 billion in February, following its January reduction of the same amount. The Federal Reserve had been buying $85 billion in bonds on a monthly basis since September 2012 as part of its plan to stimulate the economy. It started tapering this amount in January by spending $75 billion on bonds and, following the final meeting chaired by Ben Bernanke, an official statement by the Fed noted that the data generated since its last meeting in December indicates that economic activity had picked up sufficiently to warrant the reduction in bond buying. The decision to continuing tapering bond buying was reportedly unanimous among the ten voting members of the Federal Reserve, despite the weak December jobs report which showed that hiring dropped from the average of 205,000 per month in the past three months, to 74,000 jobs. ..
Google's Buyout of Nest Raises Privacy Concerns - 16 Jan 2014 - News
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