Wednesday headlines include: Dish Network protesting Comcast's
merger with Time Warner, Orbits loses two big airlines, Apple
making a larger iPad, AT&T combining its wireless and
business units and a former AIG CEO's lawsuit against the federal
government is allowed to proceed.
Satellite television provider DISH Network (
) filed a petition with the Federal Communications Commission to
of rivals Comcast (
) and Time Warner Cable (
). DISH said the deal would cause "irreparable harm" to consumers
and the industry. DISH cited discriminatory data caps and
restriction of third-party online rights among the issues it sees
stemming from a merger of the nation's two largest cable
Online travel booker Orbitz (
) saw its shares drop Tuesday after American Airlines and U.S.
) pulled their flight listings from the company's websites. The
move is the latest step in a long-running dispute over the fees
that Orbitz charges to list and sell the flights. Corporate
customers of the
will still be able to book through Orbitz, but people booking
personal travel will have to use a different service.
Tech-giant Apple (AAPL) isn't just prepping a larger iPhone,
the company is also working on a new, larger format iPad.
According to sources who spoke to Bloomberg, production on a
version of the tablet computer is expected to start in the first
quarter of 2015. The bigger model will have a 12.9-inch
giant AT&T (T) is combining its wireless and business units
into a single entity lead by the former head of the wireless
operation, Ralph de la Vega. The company is facing increased
competition from cable companies and other nontraditional
telecommunications providers. To counter that, AT&T is trying
to make its services more seamless, with a single unit that can
provide support for wireless and wireline services.
American International Group
The federal government lost its bid to have a more than $25
billion lawsuit tossed out of court on Tuesday. The suit brought
by former AIG (AIG) CEO Maurice Greenberg, claims the government
acted illegally when it bailed out the insurer by diluting
existing shareholders. Judge Thomas Wheeler said that the
complexity of the issues in the case and the factual
disagreements "strongly point to the need for a trial."
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