The U.S. government in 2008 threatened to fine Yahoo Inc $250,000 a day if it failed to turn over customer data to intelligence agencies, according to documents unsealed on Thursday.
Legal & Regulatory
Citigroup seeking to sell Diners Club business in Japan with retail unit-sources
Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.
Grupo Mexico dodges mine closure with $151 million toxic spill fund
Grupo Mexico and its subsidiaries on Thursday dodged losing a concession to run one of the biggest copper mines in the world as long as they comply with government obligations following a toxic spill that include creating a $151 million clean-up fund.
Brazil's Silva would cut spending, end forex intervention program
Marina Silva would push for large budget cuts and end a central bank foreign exchange program aimed at supporting the currency if she is elected Brazil’s next president in October, a senior economic adviser told Reuters on Thursday.
Wall Street watchdog to pick insider as arbitration head - source
The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.
Latest News
Hispanic media giant Univision will be a major supplier of content when satellite operator DirecTV (DTV.O) launches an Internet-delivered service aimed at a Hispanic audience, according to two people with knowledge of the agreement.
BlackBerry has acquired a U.K-based mobile technology start-up whose software allows users to have multiple phone numbers on the same device, the Canadian tech firm said on Thursday.
U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
The European Central Bank pressed Italy on Thursday to further strengthen its fiscal position, arguing that weaker-than-expected economic developments mean the government may miss its current 2014 deficit target.
China's anti-monopoly regulator on Thursday announced its first-ever punishment of foreign carmakers for price-fixing, fining Volkswagen AG and Fiat's Chrysler a combined $46 million.
Asia's richest man, Li Ka-shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes, people with direct knowledge of the matter said.
Asian share market sentiment was cautious on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pushed to fresh six-year highs against the yen.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Mexico's Grupo Salinas said on Wednesday its chairman will buy out its partner Grupo Televisa's (TLVACPO.MX) 50 percent stake in the country's No. 3 wireless operator Iusacell for $717 million and seek a strategic partner to build up the carrier.
