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FCC nominee Wheeler to divest telecoms holdings if confirmed

Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.Such divestments are common for nominees to avoid conflicts of interest. Wheeler's plan was disclosed in an agreement posted online by the Office of Government Ethics.Wheeler is now a venture capital investor at Core Capital Partners and chairs the FCC's Technology Advisory Council. In the past, he ran the National Cable Television Association and then the wireless industry group CTIA.Within 90 days of being confirmed by the Senate as FCC chairman, Wheeler plans to leave his investment company and divest holdings in 78 companies. The investments include Apple Inc, Microsoft Corp, China Mobile Ltd, tactical radio maker Harris Corp, Windstream Corp, and media companies Liberty Media Corp, News Corp, Time Warner Inc and Time Warner Cable Inc.Wheeler will also drop i...

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  1. "Instant Replay" For the Military

    John Delay of Harris Corporation talks about how the military is using the same technology used by the NFL and MLB.

  2. Waiting Out the Markets

    Loomis Sayles & Co. Portfolio Manager David Sowerby on why any hesitation on the part of investors now is good for the markets in the long run.

  1. Companies Postpone Earnings Reports in Light of Hurricane Sandy

    A number of U.S. companies disclosed plans to postpone their quarterly reports because of the pending arrival of Hurricane Sandy on the East Coast, a move that comes...

  2. Analysis: BAE-EADS merger collapse shifts focus to smaller deals

    The collapse of the proposed merger between BAE Systems Plc and EADS will shift the focus to smaller deals among global weapons makers as companies strive to keep re...

  3. WSJ UPDATE: The Hunt for Better Ways to Unlock Oil Sands

    ALBERTA, Canada--Ten years ago, new oil field technologies unlocked vast crude supplies from western Canada's oil-sands deposits, propelling America's northern neigh...

  4. The Future of the Space Industry

    Bill Gattle, Harris Corporation VP of Space Systems, on hosted payloads and the future of the space industry.

  5. Herbalife, Emerson Electric Among Stocks Down on Above-average Volume Tuesday

    There are a few stocks down on high volume today:Herbalife (NYSE:HLF) is trading down on a volume of 7.8 million, or 4.6 times its average daily volume. Trading at $...

  6. Harris Corp 2Q Net Climbs More Than Expected As Revenue Rises

    Harris Corp.'s (HRS) fiscal second-quarter profit rose 8.3%, topping its estimate, as it saw strong demand from government and defense customers.The maker of digital...

  7. The Political Fallout of BP’s Spill

    We break down whether government officials will feel the heat from the spill off the coast of Louisiana.

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