7-26-2012 You’re watching the Financial News Network. Google is launching a new TV package and unveiling the new generation of broadband called the Fiber Network. This network speeds up to 1 GB/sec, which is 100x faster than the typical broadband speed in American households. The Fiber TV Box connects you to the web, brings you wi-fi, Bluetooth and wired connections, and the Fiber Storage Box stores up to 500 hours of HD contents. This launch is revolutionary; the speed of course is one reason, but I think it confirms the expansionary path Google wants to take. Google is always viewed as a technology company, not quite like other TV service providers like Time Warner who are media companies, and now Google is tapping into the media segment. This move also gives Google a big head start over Apple, who is also trying to grab control over media channels. Overall, Verizon and Time Warner have the most established infrastructure, but for all we know, it’s entirely possible everything runs off wi-fi in the not-so-distant future. Tell us what you think, you can send in your comments to our show or tweet us. Follow us online for more up-to-date news on the go or visit us at FNNO.com.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up