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Democrats to push to reinstate repealed ‘net neutrality’ rules

Democrats in the U.S. Congress plan to unveil legislation on Wednesday to reinstate “net neutrality” rules that were repealed by the Trump administration in December 2017, House of Representatives Speaker Nancy Pelosi said.

Pelosi told lawmakers in a letter that House Democrats, who won control of the chamber in the November 2018 elections, would work with their colleagues in the U.S. Senate to pass the “Save The Internet Act.”

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Wells Fargo officials enter $240 million settlement over bogus accounts

Wells Fargo & Co executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts.

The settlement was filed late Thursday with the federal court in San Francisco, and requires a judge’s approval.

It resolves claims that the officials breached their fiduciary duties by knowing about or consciously disregarding the bogus accounts, and failing to stop their creation.

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After public grilling, Trump ex-lawyer Cohen to testify on Russia in private

President Donald Trump’s former lawyer Michael Cohen returned to Capitol Hill on Thursday to speak behind closed doors with a congressional panel investigating Russia’s interference in the 2016 U.S. election, capping a week of testimony in which he leveled new allegations of wrongdoing at his former boss.

Cohen did not respond to questions as he arrived for his third and final session in Congress this week. His private testimony before the House Intelligence Committee was expected to last all day. The panel has been probing Russian election meddling and any collusion with the Trump campaign.

In dramatic public testimony on Wednesday before the House Oversight Committee, the one-time “fixer” for Trump accused the president of breaking the law while in office and said for the first time that Trump knew in advance about a WikiLeaks dump of stolen emails that hurt his 2016 election rival Hillary Clinton.

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AT&T defeats U.S. in merger fight to buy Time Warner

A U.S. appeals court approved wireless carrier AT&T Inc’s deal to buy media company Time Warner on Tuesday, a defeat for the Trump administration which had argued the $85.4 billion merger would mean higher prices for consumers.

AT&T’s second major court victory against the Justice Department sets the stage for the No. 2 wireless carrier to integrate its WarnerMedia business as well as its new Xandr advertising unit.

The deal had been a target of criticism from U.S. President Donald Trump, who opposed it because he saw it helping Time Warner’s CNN unit, which he has accused of broadcasting “fake news.”

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