In the news: DISH protests Comcast deal, Apple making a bigger iPad and more

By Bobby Raines,

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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.

DISH Network

Satellite television provider DISH Network ( DISH ) filed a petition with the Federal Communications Commission to block the merger of rivals Comcast ( CMCSA ) and Time Warner Cable ( TWC ). 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 television providers.


Online travel booker Orbitz ( OWW ) saw its shares drop Tuesday after American Airlines and U.S. Airways ( AAL ) 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 airlines 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 screen.


Telecommunications 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."

This article was originally published on

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , insurance , Technology
Referenced Stocks: DISH , CMCSA , TWC , OWW , AAL

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