FCC denies industry bid to delay cable box rule

(Reuters) - The Federal Communications Commission said it would not
postpone an order, scheduled to go into effect on Monday, that
requires cable companies to separate the security functions
from set-top boxes and put them into a card that can be used in
TVs and set-top boxes made by other manufacturers.




"In a new era with a competitive set-top box market,
consumers will enjoy greater choice and reap the benefits of
exciting and innovative features -- such as the ability to
watch Internet videos or view slideshows of family vacations on
their TV sets," FCC Chairman Kevin Martin said in a statement.


Read more at Reuters.com Government Filings News

Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

U.S. family tries living without China

(Reuters) - In "A Year Without 'Made in China,"'
Bongiorni tells how she and her family found that such formerly
simple acts as finding new shoes, buying a birthday toy and
fixing a drawer became ordeals without the Asian giant.




Bongiorni takes pains to say she does not have a
protectionist agenda and, despite the occasional worry about
the loss of U.S. jobs to overseas factories, she has nothing
against China. Her goal was simply to make Americans aware of
how deeply tied they are to the international trading system.


Read more at Reuters.com Business News

U.S. Dollar's Share of Global Reserves Falls to Eight-Year Low, IMF Says

(Bloomberg) -- The dollar's share of global
foreign-exchange reserves fell to the lowest level in at least
eight years as central banks accelerated purchases of euros, the
International Monetary Fund said.

Dollars accounted for 64.2 percent of reserves in the first
quarter, down from 64.6 percent in the prior three months, the
IMF said today in Washington. The share of euros climbed to 26.1
percent from 25.9 percent, reaching its highest proportion since
the single currency was introduced in 1999.


Read more at Bloomberg Currencies News