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Asian satelli
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te fleet operators and service providers said they are counting on the growth of high-definition HD television in the region to offset any drop in prices for C-band capacity due to oversupply.Addressing the Satellite 2014 conference here the week of March 10, the operators also said they expected novel partnerships among them to continue and that consolidation
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is still a long ways off.One of the more recent partnerships is between Measat of Malaysia, a well-established provider of satellite television whose owners at one time expressed an interest in selling, and Azercosmos of Azerbaijan.Azerbaijan wants to grow a domestic satellite business and, in a deal with Measat, shared the cost of the Azerspace-1/Africasat-1 satellite at 46 degrees east, a Measat-controlled slot that affords Azerbaijan full national coverage. Consolidation hasn t happened in the Asian satellite communications market despite the industry consensus that the region
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does not need so many individual f Ahvc AP source: Trea Turner, Phillies reach $300M, 11-year deal
By KEN SWEETAP Business WriterWASHINGTON AP 鈥?Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed customers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applying overdraft fees against savings and checking accounts.Wells was ordered
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to repay $2 billion to consumers by the Consumer Financial Protection Bureau, which also enacted a $1.7 billion penalty against the San Francisco bank Tuesday. It the largest fine ever leveled against a bank by the CFPB and the largest yet against Wells, which has spent
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years trying to rehabilitate its image after a series of scandals tied to its sales practices.Regulators made it clear, however, that they believe Wells Fargo has
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further to go on that front. Put simply: Wells Fargo is a corporate recidivist that puts one out of three Americans at risk for potential harm, said CFPB Director Rohit Chopra, in a call with reporters.The bank pattern of beha