United States



Facebook and UK political consultancy sued in data storm

NEW YORK/LONDON A U.S. resident has sued Facebook and a British-based political consultancy for obtaining data from millions of the social media site's users without their permission, while an academic at the center of the storm accused both firms of scapegoating him. | Video

Recent Business News

Dropbox raises IPO price range by $2 on strong demand

Cloud storage firm Dropbox Inc [DBX.O] raised the price range for its initial public offering by $2 on Wednesday as investors bid strongly for the first big tech IPO this year ahead of final pricing expected on Thursday. | Video

1:08pm EDT

EU proposes online turnover tax for big tech firms

BRUSSELS The European Commission proposed rules on Wednesday to make digital companies pay more tax, with U.S. tech giants such as Google , Facebook and Amazon set to foot a large chunk of any bill. | Video

Tech, Facebook 2:15pm EDT

Bayer wins EU approval for $62.5 billion Monsanto buy

BRUSSELS German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry. | Video

3:08pm EDT

Setback for Trump administration after tepid offshore oil lease sale

Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region.

2:48pm EDT

UBS in $230 million settlement of New York mortgage securities probe

NEW YORK UBS AG has reached a $230 million settlement to resolve charges brought by New York state that it misled and hurt investors by selling subprime mortgage securities that contributed to the 2008 global financial crisis.

1:56pm EDT


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