Facebook reports lower 1Q net income

(AP) -- Facebook's first-quarter net income fell 12 percent, weighed down by higher expenses even as its revenue soared, the social networking company said Monday, just a few weeks ahead of its expected initial public offering ...

Government report: 4 cos. control wireless market

(AP) -- Consolidation over the past decade has left just four big carriers in control of 90 percent of the wireless market, making it harder for small and regional companies to compete, according to a government report released ...

AT&T to raise fees for iPhone contract breakers

(AP) -- AT&T Inc. is raising the fees it charges buyers of the iPhone and other smart phones if they break their two-year contracts, while lowering them for "dumb" phones to better align the fees with their real costs.

Wireless carriers tell FCC they disclose fees

(AP) -- The nation's biggest wireless carriers are telling federal regulators that they give consumers adequate notice about early termination fees that apply when a service contract is broken before it expires.

Google reduces fee to break Nexus One contract

(AP) -- Google Inc. is shaving $200 off the fee that it charges customers of its new Nexus One phone to break a service contract with T-Mobile, as federal regulators continue to probe such fees and the rationale for them.

FCC seeking information about wireless fees

(AP) -- Federal regulators are asking the nation's big wireless companies whether they give customers adequate notice about early termination fees for breaking a service contract before it expires.

Sprint to pay $17.5 million to settle fee suit

(AP) -- Sprint Nextel Corp. has agreed to pay $17.5 million to settle a lawsuit claiming the fees it has charged customers who end their wireless contracts early are illegal.

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