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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. Earthlink's Profit Shrinks in 4Q, but Revenue Beats Views

    Hurt by transaction costs, Earthlink (NASDAQ:ELNK) revealed on Tuesday a sharp drop in fourth-quarter profit, though its revenue still climbed ahead of expectations ...

  2. EarthLink to Acquire Deltacom for $516M

    Internet service provider EarthLink ( ELNK ) announced Friday its plan to buy ITC Deltacom for $516 million in an effort to expand product offerings and widen its cu...

  3. BP Getting Drilled and Getting Help

    FBN's market experts break down the grilling on Capitol Hill and how BP is trying to survive the situation.

  4. Census Soap Opera Continues

    Neil breaks down the growing controversy surrounding hiring by the Census Bureau.

  5. Philadelphia plans to buy its Wi-Fi network

    The city of Philadelphia plans to buy a controversial Wi-Fi network that was built by EarthLink in 2006 but sold only two years later as the struggling ISP pulled ou...

  6. How to Survive the Recession

    Divorced, injured and in debt: Should Johnny file for bankruptcy?

  7. Earthlink CEO on Company Strategy

    Earthlink CEO Rolla Huff

  1. German Economic Sentiment Climbs in February

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  2. Earthlink CEO on Transitioning to a Business Services Company

    Earthlink CEO Rolla Huff on the company’s transition from consumer services to business services as its core business and its many recent acquisitions.

  3. Viewers React to Neil’s Move to Primetime

    FBN’s Neil Cavuto responds to viewers’ emails about the show’s move to 8pm eastern time.

  4. Cavuto: We're going prime time

    Viewers react to Neil's move on FBN

  5. How to Play a Tech Pullback

    Scott Kessler, head of technology research at S&P Capital IQ, weighs in on the potential for a tech pullback in the markets and gives advice on how investors should handle it.

  6. Viewers React to 'Food Police'

    Fans sound off on attack against Ronald McDonald

  7. Earthlink CEO on Company Strategy

    Earthlink CEO Rolla Huff tells Liz Claman the key to its success and how he got into the internet business.

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