Lowe’s to pay U.S. staff $1,000 bonus following tax reform

A view of the sign outside the Lowes store in Westminster, Colorado February 26, 2014

(Reuters) – Lowe’s Cos Inc on Thursday said it would pay a one-time bonus of $1,000 for over 260,000 hourly U.S employees, as the home improvement chain takes advantage of changes in the U.S. tax code.

The company said it would also give new benefits, including additional paid maternity and parental leave and adoption assistance benefit of up to $5,000, to qualified hourly full-time employees.

Lowe’s expects an additional net tax expense of about $75 million in the fourth quarter of 2017.

The charges and the one-time bonus, that is being paid to store, distribution center and customer and contact support centers, will hit its fourth quarter earnings per share by about 14 cents, Lowe’s said.

Lowe’s joins a list of companies that include Home Depot Inc, AT&T Inc, Wells Fargo Co and Boeing Co, which have promised more pay for workers since the Republican-controlled U.S. Congress passed the biggest overhaul to the U.S. tax code in 30 years.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

FAA approves AT&T drone in Puerto Rico for cellular service

(Reuters) – The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in Puerto Rico in the wake of Hurricane Maria.

The Pulse Vapor 55 drone functions like a cell tower in the sky, providing voice, data and internet service, the FAA said. It flies up to 200 feet above the ground, covering an area of 40 square miles.

Puerto Rico’s wireless and broadband communications networks, along with its power grid, were devastated after Hurricane Maria made landfall in September. The U.S. territory has struggled to regain communications services. As of Thursday, 39 percent of cell sites remained out of service, the U.S. Federal Communications Commission said.

The drone resembles a miniature helicopter and is fitted with LTE radios and antennas and is tethered to ground-based electronics and power systems, the FAA said.

The FAA exemption was needed because the drone exceeds the 55-pound weight limit required to operate under the government’s small drone rule. AT&T will use the drone as a temporary cell service solution while it rebuilds permanent infrastructure on the island.

In another innovative effort to restore communications in Puerto Rico, experimental communications balloons provided by Alphabet Inc, in collaboration with AT&T and T-Mobile US Inc, began operating in October.

The “Project Loon” balloon project is delivering limited internet connectivity to LTE enabled phones in the hardest-hit areas of Puerto Rico and Alphabet said on Nov. 9 the project had delivered basic internet connectivity to more than 100,000 people on the island.

The FCC approved Alphabet’s application to provide emergency cellular service to Puerto Rico using up to 30 balloons.

The company said it did not expect to use that many, however, since each balloon can provide internet service to an area of roughly 5,000 square kilometers, or 1,930 square miles. Puerto Rico’s area is 3,515 square miles.

The Loon project is part of an innovation lab within Alphabet that the company calls X, previously known as Google X.

(Reporting by David Shepardson; Editing by Tom Brown)

Major internet providers say will not sell customer browsing histories

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as the GE building, in midtown Manhattan in New York July 1, 2015. REUTERS/Brendan McDermid/File Photo

By David Shepardson

WASHINGTON (Reuters) – Comcast Corp, Verizon Communications Inc and AT&T Inc said Friday they would not sell customers’ individual internet browsing information, days after the U.S. Congress approved legislation reversing Obama administration era internet privacy rules.

The bill would repeal regulations adopted in October by the Federal Communications Commission under former President Barack Obama requiring internet service providers to do more to protect customers’ privacy than websites like Alphabet Inc’s Google or Facebook Inc.

The easing of restrictions has sparked growing anger on social media sites.

“We do not sell our broadband customers’ individual web browsing history. We did not do it before the FCC’s rules were adopted, and we have no plans to do so,” said Gerard Lewis, Comcast’s chief privacy officer.

He added Comcast is revising its privacy policy to make more clear that “we do not sell our customers’ individual web browsing information to third parties.”

Verizon does not sell personal web browsing histories and has no plans to do so in the future, said spokesman Richard Young.

Verizon privacy officer Karen Zacharia said in a blog post Friday the company has two programs that use customer browsing data. One allows marketers to access “de-identified information to determine which customers fit into groups that advertisers are trying to reach” while the other “provides aggregate insights that might be useful for advertisers and other businesses.”

Republicans in Congress Tuesday narrowly passed the repeal of the rules with no Democratic support and over the objections of privacy advocates.

The vote was a win for internet providers such as AT&T Inc, Comcast and Verizon. Websites are governed by a less restrictive set of privacy rules.

The White House said Wednesday that President Donald Trump plans to sign the repeal of the rules, which had not taken effect.

Under the rules, internet providers would have needed to obtain consumer consent before using precise geolocation, financial information, health information, children’s information and web browsing history for advertising and marketing. Websites do not need the same affirmative consent.

Some in Congress suggested providers would begin selling personal data to the highest bidder, while others vowed to raise money to buy browsing histories of Republicans.

AT&T says in its privacy statement it “will not sell your personal information to anyone, for any purpose. Period.” In a blog post Friday, AT&T said it would not change those policies after Trump signs the repeal.

Websites and internet service providers do use and sell aggregated customer data to advertisers. Republicans say the rules unfairly would give websites the ability to harvest more data than internet providers.

Trade group USTelecom CEO Jonathan Spalter said in an op-ed Friday for website Axios that individual “browser history is already being aggregated and sold to advertising networks – by virtually every site you visit on the internet.”

This week, 46 Senate Democrats urged Trump not to sign the bill, arguing most Americans “believe that their private information should be just that.”

(Reporting by David Shepardson; Editing by Cynthia Osterman and Lisa Shumaker)