FCC Pushes Net Neutrality Rules To Oversee Internet
The FCC proposes reclassifying the Internet as a telecommunications service under the 1934 Act to prevent blocking or slowing traffic. Wheeler aims to curb paid prioritization, arguing universal access serves national interests, despite industry opposition and GOP concerns about investment and taxes.
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Staples to Buy Office Max Rival Office Depot for 6 Billion
Staples announces a about 6 billion dollar deal to acquire Office Depot, highlighting shifts in big box office supply retail. The move comes as online shopping and smaller retailers erode demand for traditional supplies amid changing work habits.
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New York
Staples
Office Depot
Wal-Mart
Amazon.com
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Forrester Research
FactSet
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Ford to Promote Up to 500 Hourly Workers to Higher Pay
Ford Motor Co will move as many as 500 U.S. hourly workers from $19.28 to a $28.50 per hour top tier over the next two months. Most affected are at plants in Chicago, Kansas City, and Louisville. The move follows long standing wage tiers tied to UAW contracts and contrasts with GM and Chrysler where caps were relaxed during bankruptcies.
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Man found guilty in Silk Road drug website case
A San Francisco man known as Dread Pirate Roberts was convicted in Manhattan federal court on seven drug and conspiracy counts for running Silk Road an online market that brokered more than 1 million drug deals worth 213 million. Sentencing is scheduled for May 15 with potential life terms for some charges.
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Jared Der-Yeghiayan
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O'Hare
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