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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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    Today, these stocks are up on high volume:Joy Global (NYSE:JOY) saw its price climb on above-normal volume, as 12 million shares, which is 5.3 times the stock's aver...

  2. Technology Sector Wrap

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  3. Monster Beverage, Windstream Among Stocks Down on Above-average Volume Thursday

    There are a few stocks down on high volume today:Today, Monster Beverage (NASDAQ:MNST) is down on high volume, trading at a volume of 6.7 million, or 4.2 times its a...

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  5. Ventas, PG&E Among Stocks Down on Above-average Volume Wednesday

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  10. Windstream , Cavium Among Stocks setting 52-Week Lows Thursday

    Nine stocks hit to 52-week lows:The share price of Windstream (NASDAQ:WIN) fell today, reaching and then dropping even further past its previous 52-week low of $10.7...

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  12. Windstream 1Q Profit Jumps 54% on Robust Sales Growth

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