Business

US Sen. Roger Wicker Votes to Confirm FCC Chairman Pai

US Sen. Roger Wicker Votes to Confirm FCC Chairman Pai

Not long after taking the top office, Pai revived the "ultra-high frequency (UHF) discount", an FCC loophole in Congress's national broadcasting cap limiting any one company from reaching more than 39 percent of the national audience. Cohen, senior executive VP and chief diversity officer for Comcast, in a statement. "Since January, the Commission has focused on bridging the digital divide, promoting innovation, protecting consumers and public safety, and making the FCC more open and ...


Europe 'to bill Amazon for Luxembourg back taxes'

Europe 'to bill Amazon for Luxembourg back taxes'

Margrethe Vestager, the EU's competition commissioner, will issue her decision after an investigation that has lasted nearly three years into whether Amazon's tax affairs complied with state aid rules. Separately, the European Commission is set to announce plans to crack down on VAT fraud which cost the 28-nation bloc 150bn euros in lost tax each year.


Colman's Mustard Norwich factory under threat after Britvic announces closure

Colman's Mustard Norwich factory under threat after Britvic announces closure

Closure of the Britvic factory in Norwich would end a link between the company and the eastern region dating from the mid-19th Century when a Chelmsford chemist began making homemade soft drinks. The company said it remains committed to this programme. Under the plans, the Norwich site will close towards the end of 2019. "Although no decisions have been made, we need to recognise that Britvic's proposed withdrawal would have serious implications for Unilever in Norwich", Unilever said.


Whole Foods is already stealing customers from Walmart

Whole Foods is already stealing customers from Walmart

Price cuts were by as much as 43%. From fresh fish to produce, prices were down across the board. Orbital Insight, which monitors business at about 65 percent of Whole Foods locations, reported a 5 percent year-over-year increase in auto traffic to Whole Foods stores in the month since the acquisition closed.


Ford's new

Ford's new "Team Edison" is all about electricity

Ford has not budged on the $4.5 billion it has set aside for EV development over the next five years according to a report by Reuters . Since taking over, Hackett has signed off on a series of moves, including a plan to shift production of Ford Focus compact cars from MI to China.