Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing intense discounting by rivals and supply constraints for key products and significant declines in traffic and what it calls a disappointing mobile phone market. Best buy saying it sees Fourth Quarter operating margin coming in below yearago levels. We know what a high flier it was last year guys, but to lose a 30year value before the market and many millions of shares trading before the bell. This was a case we were joking about it, remember when one after another after another analyst was upgrad
Entry. So you did not tested prior to october 1 . No, sir. Again that hearing you can see in its entirety tonight at 8 00 p. M. Eastern on cspan. And yesterday the house energy and commerce subcommittee on communications and Technology Held a hearing on wired communications and internet protocolbased networks. Some of the topics discussed include the telecommunication laws surrounding those networks as well as the impact of Communications Advancements on consumers and businesses. This is a little more than two hours. [inaudible conversations] we will call the subcommitsubcommit tee on communications and technology to order and begin our hearing on the evolution of wired Communications Networks. Wired Communications Networks have come a long way since the days of the telegraph or the rotary phone. It is getting harder and harder to remember at a time when you wanted to reach out and touch someone ma bell twisted copper wires were the only option. Todays consumers have so many more optio
We will continue to update you as more details become available. The senate is out this week so on cspan2 we are going to bring live coverage of a number of events including a house hearing at 10 30 that examines the future of why your Communication Networks and how Technological Advancements could impact consumers and businesses. Host host welcome back. We are joined by congressman joe barton, a republican member of the house energy and commerce committee. Thank you for joining us. Later this week the committee will have the first hearing on the web site healthcare. Gov. Tell us what are your biggest questions . Guest my biggest question is why they put that much money into something that flat out doesnt work. Theres been lots of socalled which is over the years and other web sites in the private sector, but weve never had a website that almost no one gets through the first time without any problems. So we have the contractors this their stay and the next thursday the secretary Kathle
Help improve access and deal with the Digital Divide and there are also commitments made about diversity of programming and im interested in both diversity in the work force and diversity in programming and the accessibility of your Service Platform to a wide variety of content providers. Let me focus you as an example on tv one a if you would. And closing to both of those and then mr. Kimmelman if you might on whether terms and conditions or the appropriate way to address concerns that some might have about this merger. Mr. Cohen on you would in your progress towards internet essentials and meeting commitments made about programmiprogrammi ng and then mr. Kimmelman. At the time he proposed in 2010, it was an experiment. We had no idea if it would work. We had a concept for a Program Based on research and as we have rolled it out it is now the most important Investment Initiative of comcast corp. And the program that i think not only the executives in the company that but rankandfile e