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 investments in the four biggest U.S. wireless operators: Verizon Communications Inc, AT&T, Sprint Nextel Corp and Deutsche Telecom, which owns T-Mobile.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.49% or $-2.138/share to $432.44. In the past year, the shares have traded as low as $385.10 and as high as $705.07. On average, 17939600 shares of AAPL exchange hands on a given day and today's volume is recorded at 13059638.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.8% or $0.31/share to $39.00. In the past year, the shares have traded as low as $26.12 and as high as $40.34. On average, 3176820 shares of DISH exchange hands on a given day and today's volume is recorded at 1396736.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information. Shares of GOOG traded higher by 0.21% or $1.9026/share to $905.77. In the past year, the shares have traded as low as $556.52 and as high as $844.00. On average, 2320560 shares of GOOG exchange hands on a given day and today's volume is recorded at 2253950.
Harris Corporation (Harris), together with its subsidiaries, is an international communications and information technology (IT) company serving government and commercial markets in more than 125 countries. Shares of HRS traded higher by 2.27% or $1.12/share to $50.55. In the past year, the shares have traded as low as $38.33 and as high as $52.23. On average, 997714 shares of HRS exchange hands on a given day and today's volume is recorded at 651630.
News Corporation is a diversified global media company. Shares of NWSA traded higher by 0.76% or $0.25/share to $33.11. In the past year, the shares have traded as low as $13.55 and as high as $24.04. On average, 19309000 shares of NWSA exchange hands on a given day and today's volume is recorded at 8504216.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.07% or $-0.005/share to $7.28. In the past year, the shares have traded as low as $2.32 and as high as $7.40. On average, 61624700 shares of S exchange hands on a given day and today's volume is recorded at 18645760.
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 0.16% or $-0.06/share to $37.32. In the past year, the shares have traded as low as $32.71 and as high as $39.00. On average, 25292900 shares of T exchange hands on a given day and today's volume is recorded at 10596689.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.6% or $0.58/share to $97.80. In the past year, the shares have traded as low as $73.52 and as high as $102.00. On average, 2759640 shares of TWC exchange hands on a given day and today's volume is recorded at 847734.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.03% or $-0.02/share to $60.70. In the past year, the shares have traded as low as $33.62 and as high as $61.73. On average, 6526470 shares of TWX exchange hands on a given day and today's volume is recorded at 3349200.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.1% or $0.053/share to $53.25. In the past year, the shares have traded as low as $40.51 and as high as $54.31. On average, 13480200 shares of VZ exchange hands on a given day and today's volume is recorded at 5623814.
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