SC business notebook, May 1
04/30/2014 8:03 PM
04/30/2014 8:05 PM
FCC chairman defends his open Internet proposal
The nation’s top telecommunications regulator defended his latest proposal to protect an open Internet, warning cable companies that manipulating data traffic on their networks for profit would not be tolerated. Federal Communications Commission Chairman Tom Wheeler told The Cable Show on Wednesday that rules he’s proposed won’t permit Internet service providers from pushing most users onto a “slow lane” so others who pay for priority access can have superior service. Wheeler said if someone tries to divide the Internet between “haves” and “have-nots,” the commission will use all its power to stop it. Wheeler’s comments come after he proposed rules last week that would replace the FCC’s open Internet order from 2010 which was struck down by a federal appeals court in January.
Wal-Mart teams up with auto insurer
Wal-Mart is bringing one-stop shopping to another area: auto insurance. The world’s largest retailer has teamed up with AutoInsurance.com to let shoppers quickly find and buy insurance policies online in real time to cut down costs. The service will be available nationwide in the next few months. Shoppers can log on to AutoInsurance.com or access the site through Wal-Mart’s website. AutoInsurance.com, a division of Fort Lee, N.J.-based Tranzutary Insurance Solutions LLC, a licensed property and casualty insurance agency, was created after Wal-Mart realized there was an opportunity for a quicker service where shoppers can buy and save on car insurance. Wal-Mart says car insurance is among the biggest monthly expenses for customers.
StubHub to start producing its own concerts
You can soon buy concert tickets from StubHub for shows produced by StubHub. The company, which helps brokers and fans buy and sell tickets on its website, announced Wednesday it will sell tickets to concerts that it will produce. It has five shows planned so far featuring “emerging acts” and will launch its first self-produced concert May 18 in Los Angeles. The performer will be announced next week.
Thermostats recalled for risk of starting fires
More than 1 million thermostats are being recalled because the batteries can leak and cause a fire. The thermostats are made by White-Rodgers, but some have different brand names printed on the front, including ComfortSentry, DICO, Emerson, Frigidaire, Maytag, Nutone, Partners Choice, Rheem, Ruud, Unico, Water Furnace, Westinghouse and Zonefirst. There have been seven reports of burn damage to the thermostat, with two involving minor property damage, the U.S. Consumer Product Safety Commission said. The thermostats were sold for between $30 and $70 at hardware stores and heating and air conditioning companies from January 2006 to December 2013. Customers should call White-Rodgers at 888-624-1901 or register at www.regcen.com/1f8recall/
The Associated Press contributed.
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