The U.S. Federal Communications Commission (FCC) is set to propose fining four major U.S. mobile phone companies expected to total at least US$200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said.
With this week's coronavirus-driven rout having shaken awake previously slumbering euro-dollar markets, the spotlight is back on the "short volatility" trades that some regulators fear could trigger a blowup on world markets.
Telecom Italia (TIM) said on Thursday its board viewed positively a non-binding offer by U.S. investment firm KKR to become the Italian telecoms group's exclusive partner in developing a fiber-optic network.
Thyssenkrupp on Thursday said it agreed to sell its prized elevator division to a private equity consortium including Advent, Cinven and Germany's RAG foundation for 17.2 billion euros (US$18.7 billion).
Chicago Federal Reserve Bank President Charles Evans on Thursday suggested that "extraordinary accommodation" and a period of elevated inflation will be integral to the U.S. central bank's approach to fighting the next severe economic downturn.
Shares of Tesla Inc fell as much as 14per cent on Thursday on concerns about the impact of the coronavirus on the electric-car maker's vehicle registrations in China.
A Facebook feature that reminds users to vote has been put on hold in the European Union until the U.S. firm responds to concerns on the use of data gathered by it, Ireland's data regulator said on Thursday.
Steven Seagal, the star of action movies including "Above the Law" and "Out for Justice," has agreed to pay US$314,000 to resolve charges of "unlawfully touting" a cryptocurrency offering, the U.S. securities regulator said on Thursday.
