News Corp CEO to meet EU antitrust chief, Google in focus
News Corp’s chief executive will meet the EU antitrust chief this week, the company said on Monday, with the focus expected to be on the EU’s investigation into whether Internet search engine Google abused its dominance.
Valeant sets earnings date, shares jump on hope for positive news
(Reuters) – Valeant Pharmaceuticals International Inc , the subject of intense scrutiny over its business practices and pricing policies, said it would release preliminary quarterly results and guidance on March 15, raising hopes the company will serve…
Verizon Wireless to pay $1.35 million fine to settle U.S. privacy probe
WASHINGTON (Reuters) – Verizon Communications Inc will pay a $1.35 million fine and agreed to a three-year consent decree after the Federal Communications Commission said on Monday it found the company’s wireless unit violated the privacy of its users….
Hilton unit settles Do Not Call charges in New York
NEW YORK (Reuters) – A timeshare unit of Hilton Worldwide Holdings Inc agreed to pay $250,500 and improve its business practices to settle charges it made hundreds of unsolicited telemarketing sales calls to New Yorkers who had signed up for the Nation…
LSE-Deutsche Boerse merger would signal end to exchange mega-deals
LONDON (Reuters) – If the merger between London Stock Exchange and Deutsche Boerse goes ahead, it could be the final mega-deal in the industry as further combinations of such scale are likely to hit antitrust buffers.
U.S. top court rejects challenge to IRS denying foreign tax credits
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to curb corporate abuse of such cre…
Total, Eni bet on new finds as rivals cut costs in oil downturn
LONDON (Reuters) – As oil firms slash billions of dollars of investment to survive the market crash, France’s Total and Italy’s Eni are making some of the smallest cuts, gambling in the hope of big-ticket discoveries that will reward them when prices r…
SoftBank announces reorganization to boost investor confidence
(Reuters) – Japan’s Softbank Group Corp plans to separate its domestic and overseas businesses and give them their own chief executives in its latest move to bolster shareholder value after a record $4.4 billion share buyback plan a month ago.
T-Mobile US secures $2 billion boost ahead of spectrum auction
FRANKFURT (Reuters) – T-Mobile US said it can issue $2 billion in senior notes and sell them to its 65-percent shareholder Deutsche Telekom , giving a potential boost to its financial firepower ahead of an auction of low-frequency airwaves.
Oil rout over, OPEC aims for $50 anchor, says PIRA’s Ross
(Reuters) – Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market’s long, deep rout is officially over, says one of the industry’s leading prognosticators.
