- Corporate Cost-Cutting: Will Early Gains Turn to Pain?
- Earnings Woke Up the Market, but Can It Continue?
- China Regulator: Bank Lending May Be Overheating
- Fortress Names Ex-Fannie Head Mudd as CEO
- The 15 Most Expensive Cities on Earth
- Box Office: 'Potter' Hauls in $160 Million in 5 Days
- Healthcare Debate: Obama Tries to Regain Upper Hand
- Berkshire Hathaway Rallies for Best Week Since March
- Cramer: Know When to Go Long—I Haven't Always
- Berkshire Hathaway Rallies 6% For Best Week Since March Lows
- Market 360: The Week's Best & Worst
- How Bad is the DVD Decline and Who Suffers?
- Teva, Propofol And Michael Jackson
- Pros Say: US Market Rally Likely to Continue
- Gold Miner Attracting Big Bull Interest
- Dick Bove: Next Week’s Bank Earnings Will Be ‘Terrible’
- Jesuthasan: 'Deleveraging Pay-The Proof is in the Bathwater'
- Art Cashin: Traders Don't Trust 'Short Term' Earnings
- RNC chairman attacks Obama on health care
- Interior to halt uranium mining at Grand Canyon
- Opposition Republicans attack Obama on health care
- Retail stocks see new calculus on investors' hopes
- J.C. Penney takes on Manhattan
- GRD board supports $86 million takeover by AMEC
- Report: Suspect killed during Brazil zoo robbery
- Chairman of business journals dies of bee sting
- Japanese stock markets closed for national holiday
NEW YORK - The Justice Department is starting a review of whether the largest U.S. telecommunications carriers engage in anticompetitive behavior, the Wall Street Journal reported Monday.
The inquiry, as yet informal, may look at whether consumers are hurt by the long-term exclusivity agreements carriers like AT&T Inc. and Verizon Wireless sign with cell phone makers, according a report on the newspaper's Web site on Monday.
The Federal Communications Commission has already said it will look into exclusive handset deals.
Most exclusivity agreements last for six months or less, but AT&T is still the only U.S. carrier to sell Apple Inc.'s iPhone two years after the first model's launch, which has drawn attention.
The Justice Department could also look into whether carriers are unduly limiting the applications that they allow to run on their wireless networks, according to the Journal. The carriers generally don't allow applications like TV streaming, saying they would take up too much air time and slow down access for other users.
Gina Talamona, spokeswoman for the Justice Department's antitrust division, declined to comment on the Journal's report. Verizon spokesman David Fish said the company had no indication that a review had started. A call to AT&T was not immediately returned.
Verizon Wireless, the largest U.S. wireless carrier, is a joint venture of Verizon Communications Inc. of New York and Vodafone Group PLC of Britain. Verizon Communications shares rose 18 cents to close at $30.36.
AT&T shares gained 21 cents to $24.80.




