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New York launches probe into speeds at big Internet broadband providers

New York state’s attorney general is probing whether three major Internet providers could be shortchanging consumers by charging them for faster broadband speeds and failing to deliver the speeds being advertised, according to documents seen by Reuters. The letters, sent on Friday to executives at Verizon Communications Inc , Cablevision Systems Corp and Time Warner Cable Inc , ask each company to provide copies of all disclosures they have made

New York launches probe into speeds at big Internet broadband providers

New York state’s attorney general is probing whether three major Internet providers could be shortchanging consumers by charging them for faster broadband speeds and failing to deliver the speeds being advertised, according to documents seen by Reuters. The letters, sent on Friday to executives at Verizon Communications Inc , Cablevision Systems Corp and Time Warner Cable Inc , ask each company to provide copies of all disclosures they have made

Xerox to review operations, not considering sale of company

Xerox Corp , best known for its printers and copiers, said it would review its businesses and capital allocation options but was not currently considering a sale of the company. Xerox also reported its first quarterly net loss since the first quarter of 2010, but profit excluding restructuring costs inched past market expectations. The company’s shares fell 2 percent to $10.13 in early trading.

Xerox to review operations, not considering sale of company

Xerox Corp , best known for its printers and copiers, said it would review its businesses and capital allocation options but was not currently considering a sale of the company. Xerox also reported its first quarterly net loss since the first quarter of 2010, but profit excluding restructuring costs inched past market expectations. The company’s shares fell 2 percent to $10.13 in early trading.

Sharp expects first-half operating loss due to falling prices for smartphone displays

Japan’s Sharp Corp on Monday said it would book an operating loss for April-September rather than a profit due to falling prices for smartphone displays, revealing little sign of a turnaround since a $1.7 billion bank bailout in May. The electronics manufacturer expects to announce an operating loss of 26 billion yen ($215 million) when it reports earnings for the first half of the business year on Friday, instead of