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NEW YORK: The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behaviour, addressing a rising tide of criticism they have become too powerful to the detriment of consumers
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.
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.
New York: The US Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a source.
NEW YORK: Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates.
WASHINGTON: The US government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world's largest companies.
A GROUP of potential buyers are preparing bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US Inc and Sprint Corp at up to $3 billion, interested buyers told Reuters.
NEW YORK: U.S. prosecutors on Thursday handed over the first of 1 million evidentiary documents to the lawyers of Roger Ng, a former Goldman Sachs banker facing criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB.