FCC SIDES WITH T-MOBILE OVER SIRIUS
The Federal Communications Commission sided with T-Mobile US Inc. in a dispute raised by satellite-radio operator Sirius XM Holdings Inc. over interference issues in its radios.
Sirius, which is majority owned by Douglas County-based Liberty Media Corp., had attempted to block a relatively small exchange of licenses between T-Mobile and Verizon Communications Inc., claiming that some TMobile cell sites disrupt its satellite signals. Sirius said that providing more licenses to T-Mobile would exacerbate the problem. T-Mobile says it isn’t doing anything wrong and blames Sirius radios for the problem.
The agency approved the swap Thursday and essentially agreed with T-Mobile’s contention that the interference complaint shouldn’t be considered in the review of the license exchange.
Yahoo CEO gives birth to twins
B san francisco» Yahoo CEO Marissa Mayer has followed a major business announcement with some big personal news.
She gave birth to twin girls Thursday, the day after unveiling plans to hatch a new company to control Yahoo’s Internet business. This is the second time that Mayer, 40, has given birth since Yahoo hired her as CEO in July 2012. She and her husband, Zachary Bogue, have a 3-year-old son, Macallister.
Maine health co-op to suspend enrollment. The lone health insurance
cooperative to make money last year on the Affordable Care Act’s public insurance exchanges is now losing millions and suspending individual enrollment for 2016.
Maine’s Community Health Options lost more than $17 million in the first nine months of this year, after making $10.9 million in the same period last year. A spokesman said higher-thanexpected medical costs have hurt the cooperative.
U.N.: World economy stumbled in 2015 B The world
united nations» economy stumbled in 2015, with growth estimated at just 2.4 percent this year following a nearly 60 percent drop in oil prices and an over 20 percent fall in commodity prices in the last 18 months, according to a U.N. report released Thursday.
The report on the World Economic Situation and Prospects 2016 said many developing and former Soviet bloc countries suffered a broad slowdown to the weakest pace since the global financial crisis in 2008. The growth rate compares to 2.6 percent in 2014.
GM ignition switch fund pays out $594.5M B Lawyers hired to
detroit» compensate victims of General Motors’ faulty ignition switches have paid out $594.5 million to settle 399 eligible claims.
The numbers were released Thursday in a final report from compensation expert Kenneth Feinberg. A total of 4,343 claims were filed with the GM fund. Only 9.2 percent were deemed eligible for payments, including claims for 124 deaths and 275 injuries.
Buffett discloses stake in Seritage
B omaha» Seritage Growth Properties, the real estate investment trust spun off from retailer Sears Holdings Corp., soared 17 percent after billionaire Warren Buffett disclosed an investment in the company. Buffett reported a passive holding of 2 million shares, representing an 8 percent stake, according to a filing Thursday.