THE WEEK THAT WAS...

Los Angeles Times - - THE WEEK -

Trade bill is dealt a blow

Pres­i­dent Obama’s trade agenda un­rav­eled Fri­day as the U.S. House of Rep­re­sen­ta­tives re­jected an im­por­tant part of a pack­age aimed at fast-track­ing a con­tro­ver­sial trade pact he’s pur­su­ing with11 other Pa­cific Rim­na­tions. The Trans-Pa­cific Part­ner­ship would be one of the­world’s largest and most am­bi­tious free-trade ef­forts.

Fox tran­si­tion in the works

It’s one of the­world’s big­gest me­dia com­pa­nies, but Ru­pert Mur­doch re­minded ev­ery­one that it’s still a fam­ily busi­ness— and his sons, James and Lach­lan, will be run­ning it soon. Mur­doch, 84, plans thisweek to ask the 21st Cen­tury Fox board to name James as the com­pany’s new chief ex­ec­u­tive and Lach­lan as ex­ec­u­tive co-chair­man.

Turnover at top of Twit­ter

Dick Cos­tolo is step­ping dow­nas chief ex­ec­u­tive of Twit­ter, ef­fec­tive July 1. Twit­ter shares had fallen more than 25% in the last three months as Cos­tolo strug­gled to boost growth and prof­its and deal with man­age­ment dys­func­tion. Co-founder Jack Dorsey said he won’t be chang­ing its di­rec­tion as he takes over as the in­terim chief.

Net neu­tral­ity rules in ef­fect

Tough new reg­u­la­tions for In­ter­net traf­fic went into ef­fect Fri­day af­ter fed­eral judges de­clined to stop them, be­gin­ning a new era of over­sight that al­ready has re­ver­ber­ated through the on­line ecosys­tem. Av­er­age users won’t no­tice much of a dif­fer­ence at first, but broad­band net­work own­ers are scram­bling to come to grips with the rules.

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