FCC to reexamine cross-ownership ban in media markets
As the FCC faces new leadership under Michael Powell the government weighs ending the 25 year ban on newspapers and TV radio cross ownership. Public groups warn of reduced diversity while industry advocates cite market competition and waivers already allowed in dozens of markets.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
Jeff Chester
Center Media For Education
John Sturm
Sturm
FCC
Michael Powell
Powell
Associated Press
Senate
Commission
Blair Levin
Legg Mason
Orbitz
Cow Delivers Wallet Reward From Damaged Cash Saga
A farmer's wallet vanished after a cow story led to a 1970s incident in which the cow ingested the wallet and the Bureau of Engraving and Printing retrieved the funds. Examiners mailed a $600 check and noted most damaged currency is due to fire water chemicals or animals.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Engraving and Printing
Bureau
Lorraine Robinson
Office of Currency Standards
Treasury Agency
Midwest
U.S
Robinson
U.S. Mint
Bureau of Engraving
Orbitz faces antitrust scrutiny as travel site debuts
Orbitz, backed by 145 million in seed money from five major airlines, launches Monday amid antitrust concerns. Regulators with the DOT and DOJ probe possible monopolistic behavior while Orbitz promises unbiased fare listing and expanded online ticket sales.
MENTIONED IN THIS ARTICLE
New York
Orbitz
Jeffrey Katz
Katz
Forrester Research
Cambridge
Mass
Department of Transportation
American
Continental
Delta
Northwest
United Armies
Justice Department
Gas prices to fall this summer across the nation
The New York Daily News reports gasoline prices may drop up to 21 cents a gallon this summer as refineries raise output. Wholesale prices in New York Harbor for September trades drop from 1.06 to 0.85 per gallon, with taxes and transport still adding about 50 cents. Drivers should see relief soon, though prices remain higher than last year.
MENTIONED IN THIS ARTICLE
New York Harbor
Anthony Grisanti
GRZ Inc
New York Mercantile Exchange
Grisanti
New York City
Long Island
American Petroleum Institute
John Felmy
API
Savers eye risk as Fed cuts push yields lower
The Fed rates slash aims to cut credit costs for firms and households but also drives savers toward riskier assets. Analysts note money market funds and bank CDs sit near seven year lows while stock funds and long-term bonds entice, yet most cash in short-term accounts has stayed put so far. The stock market remains far larger in value than short-term holdings.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Alan Greenspan
Wall Street
Money Market
Investment Company Institute
U.S
Littleton
GM weighs Hughes sale as core focus shifts
GM plans to divest Hughes Electronics to free cash and resources for its automotive core business. Rupert Murdoch's News Corp. and EchoStar are among suitors, while DirecTV remains a key asset in ongoing discussions.
MENTIONED IN THIS ARTICLE
Hughes
Detroit
General Motors Corp
Wilmington
Del
Hughes Electronics
Rupert Murdoch
News Corp
Also Mentioned on This Page
The
Newspaper Association of America
NAA
FCG
Lorraine McGill
Ea Out
Llee Lee
Eee Lee
Jeffrey Kaiz
Chicago
New York Daily News
Los Angeles Times
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