Verizon Awaits Spectrum Recalibration and 1 Dow Mover Seeing Action Today
Verizon Communications (NYSE:VZ) For years, companies have been restricted to no more than one-third of the available spectrum in a territory by the Federal Communications Commission. On Friday, the agency will initiate a process to redraw, reconfigure or perhaps remove its existing rules, according to The New York Times. Additionally, the FCC will discuss rules for auctioning off newly reclaimed airwaves, and the staff is said to have circulated its proposals to the five-member commission, but possible outcomes will not be aired before the Friday meeting.
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Exxon Mobil Corporation (NYSE:XOM): Total S.A.’s (NYSE:TOT) Chief Executive Christophe de Margerie has explained to The Financial Times that the risk of an oil spill in the environmentally sensitive Arctic was too high to justify offshore exploration, which is the first time that a top oil player has publicly spoken out against such activities there. The company is among others such as Royal Dutch Shell (RDS.A), Exxon Mobil, ENI S.p.A (NYSE:E) and Statoil ASA (NYSE:STO) with deals to explore for oil in Alaska’s or Russia’s parts of the Arctic Ocean.