Firms waiting to exhale as FCC reconsiders ownership rules

Article Abstract:

Significant changes limiting the ownership of companies may be quietly adopted by the Federal Communications Commission (FCC) as FCC officials approve a number of pending mergers. Sweeping changes could also be adopted as the FCC conducts its biennial review of broadcast ownership rules that is mandated by the 1996 Telecommunications Act. Regulators have issued so many waivers to existing rules that has created cynicism in industry. This is evidenced by Tribune Co's proposed acquisition of Times Mirror Co even if the merger would violate a rule restricting ownership of a TV station and newspaper in the same market.

Government regulation (cont)

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More U.S. firms expected to fly solo in China

Article Abstract:

A rapidly increasing number of US businesses are expected to split with their Chinese business partners or buy them out with the imminent acceptance of China into the World Trade Organization. This trend has also been driven by the fact that China, since 1998, has relaxed its rules requiring foreign firms to establish partnerships with Chinese companies. Terms of China's entry into the WTO would enable most foreign enterprises to wholly own and run independent operations in China and to control sales, distribution, marketing and product service and repair.

Foreign operations

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Rule forcing tests for safer air bags expected today

Article Abstract:

Auto safety regulators will announce on May 5, 2000, a long-awaited final rule that will force automakers to install advanced air bags that are safer for smaller women and children. The rule requires almost 1,000 new tests to eliminate much of the risk to people seated near air bags when they deploy. It is expected to phase in with 2003 model year vehicles. The regulation will require, for the first time, the use of infant, three- year-old, five-year-old and small female dummies in tests. It will set injury limits for the heads, necks, chests and legs of children and small women. It will also require testing with dummies seated in different positions as well as vehicle crashes at different speeds depending on whether the dummy is belted.

Government regulation, Transportation Equipment Manufacturing, Motor Vehicles & Parts

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