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New York state AG to sue over net neutrality reversal

WASHINGTON, Dec 14 New York Attorney General Eric Schneiderman said on Thursday he would lead a multi-state legal challenge to the U.S. Federal Communications Commission vote to reverse landmark the 2015 net neutrality rules.

12:01am IST

German court rules against foreign intelligence mass communication surveillance

BERLIN, Dec 14 Germany's foreign intelligence agency (BND) must not store the metadata - such as phone numbers- of international phone calls for the purpose of intelligence analysis, a court rules on Thursday.

14 Dec 2017

U.S. tax bill to preserve key renewable energy credits, sources say

WASHINGTON, Dec 14 The final version of comprehensive tax legislation being negotiated by House and Senate lawmakers will preserve key renewable energy tax credits that were once at risk of being removed, congressional and business sources said on Thursday.

14 Dec 2017

Pier 1 Imports slumps 30 percent; holiday optimism disappears

SAN FRANCISCO, Dec 14 Pier 1 Imports Inc's stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

14 Dec 2017

Music producer Russell Simmons denies newspaper reports of new misconduct accusations

NEW YORK, Dec 14 Music and film producer Russell Simmons faced new accusations of sexual misconduct from nine woman in incidents dating back to 1983, including four who alleged that he raped them, according to separate reports in two U.S. newspapers.

14 Dec 2017
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Disney buying Fox film, TV units for $52 billion in digital push

Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc. | Video