Tom Wheeler, President Barack Obama’s nominee to head the FCC, agreed to sell holdings of $500,001 to $1 million in both AT&T Inc. and Verizon Communications Inc. to resolve possible conflicts of interest before taking office.
BT Group Plc, the U.K.’s largest fixed-line company, reported fourth-quarter profit that beat analysts’ estimates after adding high-speed Internet service customers. The shares jumped to the highest level since 2007.
European stocks rallied for a third week, closing at their highest level in almost five years, as companies from BT Group Plc to Hochtief AG posted earnings that beat estimates, while economic data exceeded expectations.
European stocks gained, extending the Stoxx Europe 600 Index’s highest level since June 2008, as companies including ArcelorMittal and BT Group Plc posted better-than-expected results and German exports increased in March. U.S. index futures and most Asian shares advanced.
The Federal Communications Commission took a step toward improving Web access for air travelers, voting to write rules to open frequencies for an air-to-ground Internet service proposed by Qualcomm Inc.
Prime Minister David Cameron dropped measures unpopular with his Tory lawmakers, including a minimum alcohol price and plain cigarette packaging, to focus on immigration and pensions in a bid to win back voters.
The U.K. is looking at ways to help police trace criminals who use the Internet to communicate after Deputy Prime Minister Nick Clegg killed off plans by David Cameron’s Conservatives to monitor e-mail data.
Tom Wheeler, a venture capitalist and former lobbyist, moves toward a U.S. Senate hearing on his nomination to lead the Federal Communications Commission without stated support from the lawmaker who can most sway the process.