The Federal Communications Commission adopted a rule giving telephone companies wider latitude in preventing robocalls and spam text messages to consumers on both landline and wireless phones. Automated calls and spam texts remain a major annoyance for consumers, agency officials say, despite the creation of a national ‘Do Not Call List’ by the FCC and the Federal Trade Commission. FCC Chairman Tom Wheeler said the agency receives more complaints about robocalls than about any other issue, fielding more than 215,000 such complaints in 2014. Shares of Fitbit (FIT) soared in their trading debut on Thursday, even after the company priced its initial public offering above an already heightened range.They closed up 48.4 percent, or $9.68, at $29.68. The head of Smith & Wesson (SWHC) said that U.S. gun sales had normalized after a boom fueled by concerns over tougher ownership laws turned into a bust as manufacturers were left with unsold inventory.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
