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Business 04 Jun 2014 | 3:52 PM

Chinese media rails against Google, Apple, US tech firms

BEIJING: Chinese state media lashed out at Google, Apple and other US technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the US government for monitoring China and stealing secrets.

Business 25 Jul 2014 | 9:00 AM

US judge says she is troubled by Apple US$450mil e-books deal

NEW YORK: A U.S. judge on Thursday expressed concern over a proposed US$450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals.

Business 27 Aug 2014 | 8:51 AM

US loses bid to dismiss ex-AIG CEO's US$25bil lawsuit over bailout

NEW YORK: A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, over the insurer's government bailout, clearing the way for a Sept. 29 trial.

Business 06 Sep 2014 | 7:10 AM

Former United Commercial Bank exec agrees to guilty plea

SAN FRANCISCO: A former bank executive has agreed to plead guilty in a U.S. criminal case resulting from the bank's failure after it received a $300 million federal bailout, according to a court filing on Friday

Business 04 Oct 2014 | 6:25 AM

States probe JPMorgan Chase as hack seen fueling fraud

BOSTON: Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase & Co in a massive cyber attack uncovered over the summer, and more may soon join, Reuters learned on Friday.

Business 13 Nov 2014 | 6:47 AM

Banks pay up and carry on after FX fines

LONDON: Far from chastening the world's biggest currency trading firms, the multi-billion dollar fines levied by regulators on Wednesday are more likely to draw a line under the affair and gradually allow a return to business as usual.

Business 18 Jul 2019 | 11:56 PM

Boeing takes US$4.9b charge for prolonged grounding of 737 MAX planes

SEATTLE: Boeing Co said on Thursday it would take an after-tax charge of US$4.9bil in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.

Business 13 Jul 2019 | 3:13 AM

FTC approves US$5b fine against Facebook for privacy violations

LOS ANGELES: The Federal Trade Commission voted to fine Facebook around $5 billion for violations of the FTC's consumer-privacy rules, according to multiple media reports -- the biggest privacy-related fine in the commission's history.