Business

Company sources told Reuters that Google Executive Chairman Eric Schmidt and Facebook Chief Executive Mark Zuckerberg were one of the many executives of top Internet companies who are set to attend a meeting with President Barack Obama on Friday over privacy, technology and intelligence issues.

Netflix Inc chief executive Reed Hastings said in a statement filed to the Federal Communications Commission that ISPs take advantage of their market position to provide Web connection speed, Newsday said.

The US Appeals Court for the District of Columbia on Friday insisted in a ruling that the $0.24 average bank transaction fee on handling debit card transactions was deemed sufficient and stayed true to the interpretation of a 2010 financial regulatory overhaul, the Houston Chronicle said.