Last updated: May 06. 2013 11:56PM - 680 Views

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Verizon boosts speeds in NEPA

Verizon Wireless recently activated new 4G LTE coverage in several counties throughout Northeastern Pennsylvania, including Monroe, Lackawanna, Luzerne, Wyoming and Wayne, further expanding the company’s high-speed wireless data network coverage.

The expansion provides increased wireless voice and 4G LTE data coverage in several communities including White Haven, Effort, Brodheadsville, Saylorsburg and Factoryville.

4G LTE lets Verizon Wireless customers use their 4G LTE-enabled devices to surf the Web, post status updates and photos, share music and download files at speeds up to 10 times faster than customers on 3G networks.

B of A, MBIA settle dispute: WSJ

Bank of America and MBIA, a mortgage insurer, have reached a deal to settle a dispute over faulty mortgage securities issued during the U.S. housing boom, according to the Wall Street Journal.

As part of the settlement, Bank of America will pay MBIA $1.6 billion in cash, along with other compensation, provide MBIA with a credit line of $500 million and take a stake of about 5 percent in MBIA’s holding company, the Journal said.

Bond insurers like MBIA and Ambac suffered big losses after the housing crisis. As defaults on mortgages rose, defaults on bonds backed by the troubled loans and insured by bond insurers also climbed. That led to a surge in payouts.

FDA wants tanning bed warnings

Indoor tanning beds would carry new warnings about the risk of cancer and be subject to more stringent federal oversight, under a proposal unveiled Monday by the Food and Drug Administration.

The FDA wants all tanning beds to carry language warning people younger than the age of 18 about the risks of indoor tanning. The agency would also require manufacturers to meet certain safety and performance requirements before marketing their devices.

The government action is aimed at curbing cases of melanoma, the deadliest form of skin cancer, which have been on the rise for about 30 years. This year an estimated 76,690 people will be diagnosed with the disease, according to the American Cancer Society.

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