US stocks barely moved today while investors awaited the Federal Reserve’s decision on interest rates.

The promise of internet-based video has long been hamstrung by copyright and piracy worries, slow dial-up connections, technical challenges and consumer disdain for watching blotchy videos on their home computers.

Rupert Murdoch’s News Corporation has agreed to acquire control of Hughes Electronics Corp and its DirecTV service, America’s largest satellite television provider, in a $6.6bn (€6bn) cash and stock deal.