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Time Warner Cable Inc will pay $1.1 million to resolve a FCC investigation

Time Warner Cable Inc will pay $1.1 million to resolve a Federal Communications Commission investigation that last year found the cable and Internet provider did not properly report multiple network outages, the regulators said this week. “TWC (Time Warner Cable) failed to file a substantial number of reports with respect to a series of reportable ...

Best Buy’s shares fell as much as 7 percent as more shop online

Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year. Best Buy’s shares fell as much as 7 percent on Tuesday after the company also reported lower-than-expected revenue for the third straight quarter, hurt by ...

Windows phone and U.S. Government

Microsoft’s love-hate relationship with the U.S. government is turning a bit more amicable, at least when it comes to Windows Phone. The U.S. governent is a big technology buyer. The 2014 federal IT budget weighs in at over $81 billion. For fiscal 2015, federal IT spending will to dip somewhat to $79 billion, according to ...

world’s first OLED TV with 4K resolution

Ahead of next week’s IFA trade show in Berlin, LG today announced pre-sales of what it calls the world’s first OLED TV with 4K resolution. Available in 65- and 77-inch screen sizes, the TV sets promise the very best in display technology, boasting a 3,840-by-2,160 curved screen projecting Ultra HD quality. “LG 4K OLED TV ...

Sony Corp’s (6758.T) PlayStation Network was back online on Monday

Sony Corp’s (6758.T) PlayStation Network was back online on Monday following a cyber attack that took it down over the weekend, which coincided with a bomb scare on a commercial flight carrying a top Sony executive in the United States. Sony said on its PlayStation blog that its PlayStation network had been taken down by ...

BOC Aviation order 80 Boeing (BA.N) medium-haul passenger planes

BOC Aviation, the leasing arm of Bank of China (601988.SS), has placed the biggest order in its 20-year history for 80 Boeing (BA.N) medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets. The shopping spree by leasing companies comes as they ride a boom in aviation financing and see strong demand from ...

carrier attempts to reverse the decline in its subscriber base

Sprint Corp (S.N) unveiled a plan on Thursday that gives subscribers access to unlimited data for $60 a month, the industry’s cheapest unlimited data offering as the carrier attempts to reverse the decline in its subscriber base. Wireless carriers have been going after each others’ subscribers as they try to increase revenue in a nearly ...

Steve Ballmer leaves Microsoft board

Former Microsoft Corp Chief Executive Steve Ballmer, the new owner of the Los Angeles Clippers basketball team, has left the software company’s board in order to spend more time on his new project. “I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time,” said Ballmer in a letter ...

Apple data storage in China

Apple Inc (AAPL.O) has begun keeping the personal data of some Chinese users on servers in mainland China, marking the first time the tech giant is storing user data on Chinese soil. The storage of user data in China represents a departure from the policies of some technology companies, notably Google Inc (GOOGL.O), which has ...
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