Verizon Wireless said Friday that it's selling space on the airwaves to AT&T Inc. in exchange for $1.9 billion and the transfer of some airwave rights from AT&T.

Having failed to pass cybersecurity legislation for the third consecutive year, Congress this year will take a back seat to the Obama administration in trying to secure critical networks such as transportation, banking and communications from Internet attacks.

The problem with today's federal agencies is not that they regulate too little; it's that they regulate too much.

Nobody likes overly loud television commercials. Dramatic tension goes out the window when a scene fades to black only to be replaced by the unrestrained blare of a loudmouth hawking used cars or the latest cleaning product.
TV viewing could soon sound a little calmer. The CALM Act, which limits the volume of TV commercials, goes into effect on Thursday.
The Federal Communications Commission says the nation's four largest wireless carriers have agreed to make emergency 911 texts available nationwide by May 2014.
The Federal Communications Commission says the nation's four largest wireless carriers have agreed to relay text messages to text-enabled 911 call centers by May 2014.
A bankruptcy trustee and government lawyers have settled accusations that the Obama administration mishandled a multimillion-dollar loan awarded to a wireless company in the waning days of the George W. Bush administration, leading the business to go broke and lay off hundreds of workers.

Smartphones can hail a cab, stream football games and take high-quality photos, so the wireless industry's latest trick may seem as out of place as it was long in coming — rendering the phone as useless as a plastic brick.