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Friday, July 24, 2015
The EU accused six top Hollywood studios and the Sky TV pay channel on Thursday of breaching antitrust laws, in the latest salvo in Brussels' efforts to break down digital barriers in Europe.
U.S. President Obama's administration has given Royal Dutch Shell PLC approval to begin limited exploratory oil drilling off Alaska's northwest coast.
Thursday, July 23, 2015
Citi ordered to refund US$700 million for deceptive practices
Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay US$700 million and fined it US$70 million for illegal and deceptive practices.
Wednesday, July 22, 2015
Fed directs 8 biggest US banks to hold extra capital
Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.
The International Monetary Fund plans to name White House economic adviser Maurice Obstfeld as its chief economist.
U.S. President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
Lockheed Martin said Monday it will buy Sikorsky Aircraft, the storied U.S. maker of the Black Hawk helicopter, in an all-cash US$9 billion deal with United Technologies (UTC).
PayPal shares jumped in its first day as a separate and publicly traded company as the firm outlined plans to capitalize on the rise of mobile payments and the growing digitization of money.
Tuesday, July 21, 2015
The adultery website Ashley Madison said Monday that customers' data had been stolen by hackers and said the breach had been fixed, though media reports said users' information had been briefly posted online.
U.S. businesses' outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey released Monday.
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