New rules of the (Internet) road

CNNMoney: Federal regulators are poised to lay down new rules of the road for how Americans access the Internet. Federal Communications Commission Chairman Tom Wheeler proposed new regulations Thursday that would allow Internet service providers like Comcast Corp. and Verizon Communications Inc. to strike deals with individual websites and services, giving them priority access -- a so-called fast lane -- to customers. The FCC will vote on the proposal on May 15 before putting it out for public comment.

 

More multibillion-dollar blues for Bank of America

Bloomberg: U.S. prosecutors are seeking more than $13 billion from Bank of America Corp. to resolve federal and state investigations of the lender's sale of bonds backed by home loans in the run-up to the 2008 financial crisis, according to people familiar with the matter. The settlement would come on top of the $9.5 billion the bank agreed last month to pay to resolve Federal Housing Finance Agency claims.

 

Volume of deals tops $1 trillion globally this year

Reuters: The value of worldwide mergers and acquisitions announced so far this year has topped $1 trillion, only the third time deal values have surpassed this mark since records began in 1980, weekly Thomson Reuters data showed today. Volume was driven by activity in the health care sector.