Tue, Oct 6 2015
BRUSSELS - The EU's highest court struck down a deal that allows thousands of companies to easily transfer personal data from Europe to the United States, in a landmark ruling on Tuesday that follows revelations of mass U.S. government snooping.
- Adobe Systems Inc lowered its profit forecast for 2016 below analyst estimates partly due to a strong dollar, sending its shares down as much as 13 percent in extended trading.
WASHINGTON - The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. | Video
SAN FRANCISCO - Etsy Inc, the online store that made its name selling handmade crafts, is trying to stop merchants from defecting as giant rival Amazon.com Inc prepares to attack it on its own ground with a new site for artisanal items called Handmade.
BRUSSELS/FRANKFURT - From Vienna cafes to the European Union's highest court, an Austrian law student's two-year battle against Facebook and mass U.S. surveillance culminated on Tuesday in a landmark ruling that has rippled across the business world.
- Microsoft Corp unveiled on Tuesday its first laptop, a line of Lumia smartphones, a new Surface Pro tablet and an updated version of its wearable fitness tracker, Microsoft Band, all running on Windows 10, its latest operating system. | Video
ZURICH - A Swiss court has upheld a 2009 ruling against Swisscom by Switzerland's competition commission for anti-competitive behavior in its broadband internet business, but has reduced the size of the fine.
PARIS - Alcatel-Lucent said on Tuesday it will not sell its undersea cables unit, meaning the strategic business which underpins the global Internet will be taken by Nokia once it completes its acquisition of the Franco-American group.
NEW YORK - Apple Inc's antitrust compliance program has improved, but the company continues to impede a court-appointed monitor overseeing the program, acting as "its own worst enemy," the monitor told a federal judge in a report made public on Tuesday.
SAN FRANCISCO - Twitter Inc rolled out its much-anticipated "Project Lightning" on Tuesday, a feature that shows users the site's best tweets and content as curated by a Twitter team.