
The U.S. Federal Communications Commission is planning to create formal rules against Internet providers selectively blocking or slowing traffic, according to a report in The Wall Street Journal.
FCC Chairman Julius Genachowski will announce net neutrality rulemaking during a speech Monday, the Journal reported. Net neutrality rules would prohibit Internet providers from blocking or slowing their customers' access to Web sites or Web applications. A FCC spokeswoman did not immediately return a message seeking confirmation of the Journal story.

Brocade Communications Systems has hung a "for sale" sign on its door, according to a report today in the Wall Street Journal. Brocade declined to comment on the report.
Hewlett-Packard and Oracle have shown interest in buying Brocade, which make switches for routing data storage traffic, according to the report, which added that an agreement is not imminent.
SAN FRANCISCO (Reuters) - Apple Inc is once again expected to top Wall Street's estimates when it unveils quarterly earnings next week, but it may have to beat by a lot to drive an already lofty share price higher.
Image sensor maker OmniVision Technologies Inc. on Tuesday said it expects to post a loss in its fiscal third quarter, offering a forecast that fell well below Wall Street expectations.
SAN FRANCISCO (Reuters) - Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.