Regulators to review
Comcast-NBC Universal deal
The Justice Department says it will review Comcast Corp.'s proposed acquisition of NBC Universal's broadcast network, cable channels and movie studios. The deal, announced late last year, will also be reviewed by the Federal Communications Commission. Even though federal regulators are expected to approve the combination, many analysts and watchdogs expect them to attach significant conditions to ensure that rivals in the subscription TV market can still get access to popular programming owned by the merged company.
Netflix, Warner Bros. agree
on DVD release delay
Netflix's 11 million subscribers will have to wait nearly an extra month to rent the latest movies by Warner Bros. Under an agreement announced Wednesday, Netflix's DVD-by-mail service won't send out Warner Bros.' latest DVD and Blu-ray discs during the first 28 days after they hit the market. The company expects to reach similar agreements with other major movie studios later this year. In return for the concession, Netflix will get a discount on Warner Bros. discs. And it will be able to offer more of the studio's movies and TV shows for subscribers to watch over the Internet.
AT&T adding Google-based
phones to its product lineAT&T Inc. is adding cell phones running Google's Android operating system to its lineup, bringing what could be the iPhone's greatest rival into the fold of the device's sole U.S. carrier. Investors remain cautious
in mainly flat trading sessionsInvestors treaded water for a second day Wednesday. Stocks ended little changed, but a sign of growth in the services industry gave some support to the market. The Dow Jones industrial average rose 1.66 points, or less than 0.1 percent, to 10,573.68. The Standard & Poor's 500 index rose 0.62, or 0.1 percent, to 1,137.14. The Nasdaq composite index fell 7.62, or 0.3 percent, to 2,301.09.
From wire reports