Scott O'Malia, a member of the Commodity Futures Trading Commission, said the agency is unlikely to complete swaps-trading rules by a Nov. 15 meeting. O'Malia also criticized the CFTC's handling of a key rule covering energy derivatives, calling it a "train wreck."
Bounce, the digital multicast network for African-American audiences, is asking AT&T to reconsider its decision against offering the channel to its U-Verse subscribers, according to a letter from Bounce co-founder Martin Luther King III to AT&T Chairman-CEO Randall Stephenson and other executives. "Finding an appropriate arrangement for carrying Bounce TV would send a powerful signal to your customers, employees and communities that AT&T respects the interests of its African-American stakeholders," King writes.
Drivers and phone users are the focus for new products from Harman and iBiquity that were on display at the Consumer Electronics Show this week. Honda and Subaru are planning to bring Harmon's Aha service to their 2013 models, providing safer Web access on the road. And iBiquity has several cars on display with HD Radio, as well as a cellphone with an FM HD Radio chip developed with help from NAB Fastroad.
Speaking to a health care conference in San Francisco, Jamie Dimon, JPMorgan Chase's CEO, characterized commercial real estate as a "train wreck" but one in which most of the damage already has been done. "Commercial real estate is a train wreck, but it's already happened," he said.
The White House is working on new climate-change policy that may make some concessions to a long-opposed "cap-and-trade" approach to reducing greenhouse-gas emissions. Senior administration officials and Republican lawmakers met last week to judge how a shift on energy policy -- whether a statement of principles or agreeing to a cap on greenhouse-gas emissions from power plants -- might be received. White House press secretary Dana Perino said the existing framework of laws and regulations are a potential "train wreck."