Obama Budget Could Boost Caterpillar, Apple Issues Ultimatum, Google Applies for FCC Approval

Caterpillar (NYSE:CAT): President Obama’s budget would almost double federal spending on transportation programs over the next five years, according to Bloomberg.The budget proposes spending $476B through 2018 on highway, bridge and mass transit projects, the news service added.

Apple (NASDAQ:AAPL): Apple is reportedly forcing its contract manufacturer Pegatron to drop new Ultrabook orders from Asustek or risk losing orders for Apple devices, reported 9to5 Mac, citing an article in the Chinese-language Commercial Times.

Google (NASDAQ:GOOG): Google has applied to the FCC for approval to place a fixed satellite earth station in Council Bluffs, Iowa—about 200 miles northwest of Kansas City, where the Internet giant is building a fiber network, according to ars technica, which obtained the application. The application may be a hint that Google is looking to provide IP video service in Kansas City, the publication speculates.

AT&T (NYSE:T): AT&T and Starz Entertainment, a wholly-owned subsidiary of Liberty Media (LMCA), announced that the companies agreed to a multi-platform, multi-year extension of the Starz-AT&T U-verse TV affiliation agreement. The extension covers Starz Entertainment’s premium channels, HD, on-demand, and authenticated online services. Financial terms and other deal specifics were not disclosed.

IMAX (NASDAQ:IMAX): IMAX and Broadway Theatre Company announced two agreements to install a total of four digital IMAX theatre systems into new multiplexes across Greater China, bringing Broadway’s total IMAX commitment to six theatres. With today’s agreements, there are 217 IMAX® theatres open or contracted to open in Greater China. Under the terms of the agreements, the first two systems are scheduled to open at Yoho Town, Hong Kong, and in Wenzhou, China in 2013. Broadway currently operates an IMAX theatre in Hangzhou with another set to open by the end of this year at iapm in Puxi, Shanghai.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com