The head of the U.S. FCC on Wednesday proposed raising the definition of the high-speed Internet to downloads at 25 megabits per second (Mbps), a more than a six-fold increase from the current standard.
The House of Representatives expects to vote Wednesday on legislation retooling a series of financial regulations, an early sign that Republican leaders will attack President Barack Obama's Wall Street reforms this year.
WBH Energy, one of many tiny shale oil and gas producers in Texas, has filed for bankruptcy protection, becoming what may be the first U.S. oil company to do so since crude prices started tumbling six months ago.
China will allow selected auto dealers registered in Shanghai's free trade zone to import and sell cars without the consent of foreign carmakers, according to an official notice published late on Wednesday.
