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
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
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
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
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.
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.
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