financetom
Business
financetom
/
Business
/
Update: US Appeals Court Reportedly Rules FCC Can't Reinstate Net Neutrality Rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: US Appeals Court Reportedly Rules FCC Can't Reinstate Net Neutrality Rules
Jan 2, 2025 10:45 AM

01:23 PM EST, 01/02/2025 (MT Newswires) -- (Updates with additional details in the second and third paragraphs, and Federal Communications Commission Chairwoman Jessica Rosenworcel's statement in the fourth paragraph.)

A US appeals court has blocked net neutrality rules, stating that the Federal Communications Commission is not legally authorized to reinstate them, Reuters and Bloomberg reported Thursday.

In April 2024, the FCC voted to restore net neutrality, reclassifying broadband service as a "telecommunications service" and restoring "fundamental authority to provide effective oversight over broadband service providers."

But the ruling of the US Court of Appeals for the Sixth Circuit stated that under federal law, broadband must be classified as an "information service" and not a "telecommunications service," which is more heavily-regulated, Bloomberg reported.

"Consumers across the country have told us again and again that they want an internet that is fast, open, and fair," FCC Chairwoman Jessica Rosenworcel said in a statement. "With this decision, it is clear that Congress now needs to heed their call, take up the charge for net neutrality, and put open internet principles in federal law."

Price: 22.95, Change: +0.18, Percent Change: +0.77

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hillenbrand to Be Bought by Lone Star for Roughly $3.80 Billion in Go-Private Deal
Hillenbrand to Be Bought by Lone Star for Roughly $3.80 Billion in Go-Private Deal
Oct 15, 2025
08:13 AM EDT, 10/15/2025 (MT Newswires) -- Hillenbrand ( HI ) said Wednesday it has agreed to be bought by a Lone Star Funds affiliate in an all-cash deal valued at about $3.80 billion, or $32 per share. Once the acquisition is closed, expected by the end of Q1 2026, Hillenbrand ( HI ) will become a privately held company,...
BRIEF-Hillenbrand Announces Agreement To Be Acquired By Lone Star For $32.00 Per Share
BRIEF-Hillenbrand Announces Agreement To Be Acquired By Lone Star For $32.00 Per Share
Oct 15, 2025
Oct 15 (Reuters) - Hillenbrand Inc ( HI ): * HILLENBRAND ANNOUNCES AGREEMENT TO BE ACQUIRED BY LONE STAR FOR $32.00 PER SHARE * HILLENBRAND INC ( HI ) - DEAL EQUATES TO ENTERPRISE VALUE OF ABOUT $3.8 BILLION * HILLENBRAND INC ( HI ): WILL NOT ISSUE FINANCIAL GUIDANCE FOR FISCAL YEAR 2026 Source text: Further company coverage: ...
Allied Gold's Q3 Production Falls Quarter Over Quarter
Allied Gold's Q3 Production Falls Quarter Over Quarter
Oct 15, 2025
08:13 AM EDT, 10/15/2025 (MT Newswires) -- Allied Gold ( AAUC ) reported Wednesday lower preliminary gold production quarter over quarter in the three months ending Sept. 30. The miner produced 87,020 ounces of gold in the third quarter, compared to 91,017 ounces of gold in the second quarter. Allied Gold ( AAUC ) expects its annual 2025 gold production...
CIBC Launches Additional U.S. Canadian Depositary Receipts
CIBC Launches Additional U.S. Canadian Depositary Receipts
Oct 15, 2025
08:12 AM EDT, 10/15/2025 (MT Newswires) -- CIBC (CM.TO, CM) announced Wednesday six new U.S. Canadian Depositary Receipts (CDRs), now listed on the Toronto Stock Exchange and available for trading. CIBC said it has a total of 109 CDRs, spanning four countries, available in market. According to a statement, CDRs make it easy to invest in many of the world's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved