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Lawmakers asked Christine Serwinski, the chief financial officer for the firm’s North America operations, why she didn’t tell regulators about her concerns before the firm’s bankruptcy.
U.S. regulators pushed Internet companies on Monday to adopt a "Do Not Track" system that would give consumers more control over their personal data online, and asked Congress to pass privacy legislation.
T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is now urging the federal government to block another deal in the wireless world: Verizon's planned purchase spectrum from cable companies for $3.6 billion.
Verizon Wireless has reversed its decision to charge a $2 fee for telephone and online bill payments, bowing to a storm of criticism from consumers and the U.S. communications regulator.
Senh: Now that Verizon has reversed their decision, I guess this is a moot point.
AT&T and T-Mobile on Monday asked a federal judge to postpone an antitrust lawsuit as the companies were assessing “whether and how” to proceed with their $39 billion mega-merger. The announcement signals that the deal as originally conceived is all but dead. The two companies could still seek ways to retool the terms to address the concerns of regulators.
A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong.
James Murdoch has resigned from the boards of the companies that publish its British newspapers including the now-defunct News of the World tabloid at the center of the phone hacking sandal, regulatory filings show.
A U.S. futures regulator said on Tuesday that activity leading up to the bankruptcy of brokerage MF Global appears to be "either nefarious or illegal."