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Verizon Communications became the second major telecom company in a week to back off a plan to replace a phased-out government fee with a surcharge of its own, after customers complained and regulators questioned its legality. Verizon had sought to charge customers of its high-speed DSL Internet service a new fee. Verizon Communications became the second major telecom company in a week to back off a plan to replace a phased-out government fee with a surcharge of its own, after customers complained and regulators questioned its legality. Verizon had sought to charge customers of its high-speed DSL Internet service a new fee of as much as US$2.70 per month, essentially replacing the Universal Service Fund fee that regulators ruled does not apply to DSL accounts.

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Wall Street ended an aimless session barely lower Thursday after investors shrugged off comments about productivity by Federal Reserve Chairman Ben Bernanke and awaited the government’s August employment report. The major indexes ended August with gains. Wall Street ended an aimless session barely lower Thursday after investors shrugged off comments about productivity by Federal Reserve Chairman Ben Bernanke and awaited the government’s August employment report. The major indexes ended August with gains. With Bernanke saying little to inspire the market in light pre-holiday trading, investors decided against making any major moves in advance of Friday’s report on nonfarm payrolls.

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China has announced it will adopt a digital TV broadcast standard that will combine two systems developed by the Tsinghua University and Shanghai Jiaotong University. The decision, made by the Standardization Administration of China following a review of the short list of submitted proposals, will be the mandatory broadcast signal for such operations in China, beginning next August. China has announced it will adopt a digital TV broadcast standard that will combine two systems developed by the Tsinghua University and Shanghai Jiaotong University. The decision, made by the Standardization Administration of China following a review of the short list of submitted proposals, will be the mandatory broadcast signal for such operations in China, beginning next August. The selection of this standard, GB 20600-2006, buttresses a growing body of opinion that China’s economy is becoming more insular.

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NASA on Thursday awarded a multibillion dollar contract to build a manned lunar spaceship to Lockheed Martin, which usually builds rockets without people. The last time NASA awarded a manned spaceship contract to Lockheed Martin of Bethesda, Md., was in 1996 for a spaceplane that was supposed to replace the space shuttle. NASA on Thursday awarded a multibillion dollar contract to build a manned lunar spaceship to Lockheed Martin, which usually builds rockets without people. The last time NASA awarded a manned spaceship contract to Lockheed Martin of Bethesda, Md., was in 1996 for a spaceplane that was supposed to replace the space shuttle. NASA spent $912 million and the ship, called X-33, never got built because of technical problems.

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Oracle has released PeopleSoft Enterprise Performance Management (EPM) 9, an integrated suite of analytic applications that is part of Oracle’s PeopleSoft Enterprise 9 suite. New features include expanded enterprise planning and compliance management capabilities and new industry functionality in the higher education vertical. Oracle has released PeopleSoft Enterprise Performance Management (EPM) 9, an integrated suite of analytic applications that is part of Oracle’s PeopleSoft Enterprise 9 suite. New features include expanded enterprise planning and compliance management capabilities and new industry functionality in the higher education vertical. Targeted at the JD Edwards and PeopleSoft installed bases, the application is also notable in that it is one of the first Oracle products to use Fusion analytics as a baseline for the data model.

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Samsung said it plans to demonstrate wireless connectivity that is 50 times faster than current WiMax technology at its fourth annual 4G summit in South Korea this week. The firm claims that it has achieved mobile data speed of 100 megabits-per-second and fixed-point speed of 1 gigabit-per-second with its latest technology. Samsung said it plans to demonstrate wireless connectivity that is 50 times faster than current WiMax technology at its fourth annual 4G summit in South Korea this week. The firm claims that it has achieved mobile data speed of 100 megabits-per-second and fixed-point speed of 1 gigabit-per-second with its latest technology. Its demonstration will include use of the advanced wireless technology on a moving bus, the firm said, to allow observers to witness the technology performing at its fastest possible transmission speed.

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Electronic Arts on Thursday said it has inked a deal with video game advertising network Massive to push ads into its games. The agreement makes a way for Massive, a Microsoft subsidiary, to include a portfolio of Electronics Arts games developed for the Xbox 360 and PCs into Massive’s advertising network. Electronic Arts on Thursday said it has inked a deal with video game advertising network Massive to push ads into its games. The agreement makes a way for Massive, a Microsoft subsidiary, to include a portfolio of Electronics Arts games developed for the Xbox 360 and PCs into Massive’s advertising network. Financial terms of the deal were undisclosed. “The agreement with Massive is a first step in a detailed strategy for serving advertising in a seamless format that doesn’t disrupt game play,” said Chip Lange, EA’s vice president of online commerce.

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