29.07.2009
Sprint To Purchase Virgin Mobile
Third-place wireless carrier Sprint Nextel announced yesterday that it would purchase prepaid phone service Virgin Mobile at $5.50 a share, a deal estimated at $483 million.Sprint Nextel, which already owned a 13.1 percent stake in the mobile virtual network operator (MVNO), promised to retire the company`s estimated $205 million debt when the deal closes in... |
|
27.07.2009
TJX Pays $9.75 Million To Settle Data Breach
Retailer TJX Companies, Inc., has reached a $9.75 million consumer protection settlement with 41 states, stemming from a breach of sensitive data about thousands of customers.The company is the parent of the T.J. Maxx and Marshalls discount clothing chains and HomeGoods stores."This multi-state investigation was triggered by the largest computer security breach ever... |
|
18.07.2009
Verizon Wireless Revamps "Exclusive" Handset Deals
As Congress and the FCC both plan investigations of "exclusive" wireless deals in the cellular market, Verizon Wireless today took a step to ease regulators` concerns. The telecom company said that it would offer its exclusive handsets to be sold by smaller carriers within six months of their release."Effective immediately for small wireless carriers (those with... |
|
16.07.2009
DISH Network Settles Customer Sales, Deceptive Service Charges
Attorneys General from around the nation have reached a settlement with DISH Network, L.L.C., a satellite TV provider that is the subject of hundreds of consumer complaints about deceptive and unfair sales practices in the past few years.According to the states` enforcement action, customers complained that DISH Network disclaimed responsibility for the conduct... |
|
15.07.2009
Class Action Lawsuit Against DirecTV Can Proceed
A class action lawsuit alleging that DirecTV imposes early "termination fees" of up to $480 on customers who cancel the service--often charging the customer`s bank account or credit card directly without their permission--has been cleared to proceed by a California Superior Court judge.The complaint, filed in Los Angeles Superior Court in September 2008 by Los... |
|
13.07.2009
FDA Hits Three Dietary Supplement Makers
The U.S. Department of Justice is seeking a permanent injunction against Quality Formulation Laboratories, Inc., American Sports Nutrition Inc., Sports Nutrition International LLC and Mohamed S. Desoky, who oversees operations at all three companies. The companies, located in Paterson, N.J., manufacture dietary supplements and protein powders and distribute them... |
|
13.07.2009
Class Action Filed Against Intel Over "Inflated" Battery Estimates
A class action lawsuit filed against Intel claims that the chip maker artificially inflated laptop battery lifespans, fraudulently enticing consumers to buy machines equipped with Intel chips.The suit was filed late last month in California by veteran class action firm Girard Gibbs. and claims that Intel cited a test known as MobileMark2007 to inflate battery life... |
|
10.07.2009
Consumers Trust Online "Word Of Mouth" Most
Companies spend billions of dollars each year producing slick advertisements, when just a few happy customers raving about their product or service on the Internet might do them a lot more good, for a lot less money. It seems there`s nothing like word of mouth to move a product. That`s the take-home conclusion of a new Nielsen Global Online Consumer Survey which... |
|
08.07.2009
Internet Radio Reaches Deal On Royalties
It’s taken two years of intense, behind-the-scenes negotiations, but Internet radio stations have reached an agreement with copyright holders on a formula for music royalties. The standoff began in 2007 when the Copyright Royalty Board issued a formula based on how many people listened to a station – a system Web station owners said was not... |
|
03.07.2009
FCC Finally Begins To Tackle Big Agenda
After months of delays, the Federal Communications Commission (FCC) is finally fully-staffed and moving ahead on an ambitious agenda. First on the list — developing a national broadband plan for America."We must find ways to ensure that all people of the United States have access to broadband," new FCC chair Julius Genachowski said at the commission`s meeting... |
|
