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Technology, Media & Telecommunications Headlines

S&P may disconnect the telecom services sector index

The S&P 500 Telecommunications Services Sector index as-we-know it may have to hang up on investors, as its creators are considering a restructuring of the once-hot index which has shrunk to just four companies from 14.

GE faces EU probe related to LM Wind Power deal

General Electric Co said on Monday that the European Union's competition watchdog is investigating whether the industrial conglomerate provided misleading information during a merger review.

CBS' CEO Moonves says Viacom undervalued

CBS Corp Chief Executive Leslie Moonves said in response to a shareholder question on Friday that he believed shares of Viacom Inc , which the network considered merging with last year, were undervalued.

U.S. ECM faces tougher week ahead

US ECM activity is likely to wind down early this week as investors eye the coming long weekend, but there are still three IPOs hoping to price before they head off.


Trump budget plan slashes food stamps, healthcare for poor

WASHINGTON The White House is set to deliver President Donald Trump's first full budget to lawmakers on Tuesday, a plan that would slash funding for healthcare and food assistance programs for the poor while it trims the deficit.