BRIEFCASE.Byline: -- Staff and Wire Services FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. member can break tie The FCC's general counsel ruled Friday that the agency can break a deadlock in its review of AT&T Inc.'s planned $84 billion purchase of BellSouth Corp. by calling on a fifth commissioner with a potential conflict of interest. The decision came a week after Kevin Martin Kevin Martin may refer to one of several people:
When McDowell was a child of ten, his father lost a leg in a workplace accident, and was paid up until the hour of his injury. , a Republican who formerly worked for a group that opposes the deal. Without McDowell, the vote has been deadlocked at 2-2, with Martin and another Republican appointee APPOINTEE. A person who is appointed or selected for a particular purpose; as the appointee under a power, is the person who is to receive the benefit of the trust or power. favoring the deal, the biggest in U.S. telecommunications history, and the two Democrats demanding that the companies offer additional concessions to ensure that the deal doesn't harm consumers. EU probe opens on music merger NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- EU regulators on Friday opened an antitrust probe of Universal Music Group's plans to buy BMG BMG Bundesministerium für Gesundheit (Germand: Federal Ministry for Health) BMG Be My Girl BMG Blue Man Group BMG Bertelsmann Music Group BMG Be My Guest BMG Browning Machine Gun BMG Bulk Metallic Glass Music Publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. for about $2.1 billion, saying the deal could damage ``the already concentrated music publishing market.'' Officials in Brussels announced they would issue a final decision on whether to block or allow the deal by April 27. BMG -- owned by German media company Bertelsmann AG -- has the rights to more than a million songs by recording artists such as Nelly, Maroon 5 and Coldplay, as well as classic hits by the Beach Boys, Barry Manilow and other entertainers. Paris-based Vivendi SA's Universal Music Group is the world's largest music company. Its publishing arm controls the rights to songs by artists such as 50 Cent, Mary J. Blige and Chamillionaire. If approved, the deal would combine the No. 3 and No. 4 music publishing catalogs, giving them a 22 percent market share and scraping ahead of current market leader EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. . Barclays' shares up on BofA news CHARLOTTE, N.C. -- Shares of Barclays PLC rose more than 4 percent Friday after an investment analyst advised clients that Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Corp. may be interested in bidding for the London-based banking company. ``Bank of America has previously indicated that the next phase of its expansion is to become a leading global commercial and investment bank,'' Merrill Lynch research analyst Edward Najarian wrote in a note to clients Friday. ``In order to achieve that goal, we believe Bank of America is very interested in acquiring Barclays.'' Barclays' U.S. shares rose $2.46, or 4.41 percent, to close at $58.25 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , while Bank of America shares fell 83 cents, or 1.58 percent, to finish at $51.66. Bank of America spokesman Scott Silvestri said it is the bank's policy not to ``comment on market rumor or speculation.'' Barclay's spokesmen in London and New York said the company did not comment on market rumors. McDonald's stock hits 7-year high OAK BROOK, Ill. -- Shares in McDonald's Corp. hit a seven-year high Friday after the fast-food chain said November same-store sales rose 6.2 percent, led by impressive growth in Europe. The company said the U.S. sales increase was driven by more customers coming in for breakfast and late-night meals. Same-store sales, or those from restaurants open at least 13 months, climbed 5.1 percent in McDonald's largest market. In Europe, strong results in France and Germany helped same-store sales rise 8.4 percent over a year earlier. The company said sales were boosted by demand for premium burgers and UNO and Monopoly promotions. In the company's Asia/Pacific, Middle East and Africa region, same-store sales increased 4.3 percent, boosted by growth in Japan and Australia -- as well as a good showing in China. House OKs gulf drilling proposal WASHINGTON -- The House approved oil and gas drilling Friday in a vast area of the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east south of Florida's Panhandle and agreed to steer hundreds of millions of dollars in royalty payments to Gulf states to restore coastal wetlands and repair hurricane damage. The drilling provision was attached to a package of popular tax breaks that were approved by a vote of 367-45 as lawmakers scrambled to adjourn adjourn v. the final closing of a meeting, such as a convention, a meeting of the board of directors, or any official gathering. It should not be confused with a recess, meaning the meeting will break and then continue at a later time. (See: recess, session) the 109th Congress. The tax legislation, including the drilling provision, was expected to be combined with a trade bill and then sent to the Senate in hopes of prompt approval -- assuming last-minute roadblocks can be avoided in the Senate. It wasn't clear late Friday when the Senate might take up the legislation. The House bill opens to energy companies 8.3 million acres in the east- central Gulf of Mexico that is currently off-limits to drilling. The Interior Department is required to issue its first leases for the area within a year and tap what is believed to be 1.3 billion barrels of oil and 6 trillion cubic feet of natural gas. |
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