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'Net neutrality': FCC chairman proposes strong new rules

2015-02-04 22:49:38| Wireless - Topix.net

The chairman of the Federal Communications Commission on Wednesday announced that he is proposing strong new rules that would bar Internet and wireless providers from blocking, slowing or discriminating against consumers' access to particular websites and services. In an op-ed for Wired.com , Tom Wheeler said the new rules are intended to "preserve the Internet as an open platform for innovation and free expression."

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FCC chairman proposes strong new 'net neutrality' rules

2015-02-04 22:49:37| Wireless - Topix.net

The chairman of the Federal Communications Commission on Wednesday announced that he is proposing strong new rules that would bar Internet and wireless providers from blocking, slowing or discriminating against consumers' access to particular websites and services. In an op-ed for Wired.com , Tom Wheeler said the new rules are intended to "preserve the Internet as an open platform for innovation and free expression."

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Whirlpool could take $1 billion revenue hit from strong dollar: CEO

2015-02-04 21:58:26| Appliances - Topix.net

If the U.S. dollar stays at current levels, Whirlpool Corp's revenue could take a hit of up $1 billion in 2015, but the world's largest appliance maker expects to protect its profits, Chief Executive Officer Jeff Fettig told Reuters on Wednesday. Raising prices in some foreign markets should offset some of the effects of the strong dollar, which reduces the value of goods sold overseas, he said.

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Whirlpool Could Take $1 Billion Revenue Hit From Strong Dollar: CEO

2015-02-04 21:58:25| Appliances - Topix.net

Raising prices in some foreign markets should offset some of the effects of the strong dollar, which reduces the value of goods sold overseas, he said. Earlier on Wednesday, Whirlpool reported 2014 revenue of $19.9 billion and said it expected sales in the U.S. market, its largest, to rise between 4 percent and 6 percent in 2015.

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LVMH FY boosted by Vuitton's "strong momentum"

2015-02-04 13:45:00| Daily apparel & textile news and comment - from just-style.com

"Strong creative momentum" at Louis Vuitton helped LVMH's fashion and leather goods division to post a double-digit revenue increase and slight incline in full-year profit.

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