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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:26 EDTLMOSLumos Networks appoints two independent board members
Lumos Networks announced that the Board of Directors of the company has appointed Brian C. Rosenberg and Michael T. Sicoli to serve on the company’s Board of Directors. Rosenberg is succeeding Michael A. Huber who is resigning from the Board. Rosenberg was designated to the Board of Directors by affiliates of Quadrangle Group LLC in accordance with the company’s shareholders’ agreement. Additionally, James A. Hyde has tendered his resignation and will leave the Board before the end of the third quarter of 2014.
News For LMOS From The Last 14 Days
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February 26, 2015
13:00 EDTLMOSFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTLMOSFCC Chair says open Internet proposals not a plan to control the Internet
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