Chrysler reports $690 million first quarter loss
DETROIT - Chrysler Group saw big sales gains in the first quarter thanks to the new Jeep Cherokee and Ram pickup, but its results were overshadowed by charges related to its merger with Italian automaker Fiat SpA.
Chrysler lost $690 million in the January-March period. Without one-time charges related to the merger, the company's net income more than doubled to $486 million. In January, Fiat paid $3.65 billion to a union-run health care trust to acquire Chrysler's remaining shares.
UK company to track planes after Malaysian loss
LONDON - Inmarsat Plc, a provider of global mobile satellite communications services, said it will offer free basic tracking services for planes flying over oceans in the hope of preventing another incident such as the loss of Malaysia Airlines Flight 370.
The British company said Monday that the service is being offered to all 11,000 commercial passenger aircraft already equipped with an Inmarsat satellite connection - most of the world's long-haul commercial fleet.
"This offer responsibly, quickly and at little or no cost to the industry, addresses in part the problem brought to light by the recent tragic events around MH370," said Inmarsat CEO Rupert Pearce.
FCC revising Internet rules after public backlash
WASHINGTON - Federal Communications Commission Chairman Tom Wheeler is broadening the scope of his proposed open Internet rules and suggesting tougher standards for Internet providers who wish to create paid priority fast lanes on their networks.
According to an FCC official, Wheeler made revisions after the commission received 35,000 public comments -many of them expressing outrage. The FCC first briefed reporters on the proposed rules last month.
Wheeler, a Democrat, also tweaked his proposal after the five-member commission's two other Democrats expressed concern.
The Associated Press