AT&T, Comcast face new Internet rules after FCC vote (Update4) - Bloomberg.com

Oct. 22 (Bloomberg) -- U.S. regulators voted to begin crafting rules to forbid Internet service providers such as AT&T Inc. and Comcast Corp. from favoring or blocking Web traffic, and to extend the regulations to wireless services.

The Federal Communications Commission moved toward so- called net neutrality rules that companies including AT&T and Verizon Communications Inc. say may stifle investment. Google Inc., Amazon.com Inc. and other supporters say the action is needed to keep the Internet as a free medium where consumers rather than companies choose the best ideas and products...