EU data authorities could fine Google
European data protection authorities have for the first time threatened to fine Google, if the Silicon Valley company does not address their privacy concerns within three months. The co-ordinated move by regulators in Britain, Germany, France, Italy, Spain and the Netherlands could result in Google having to pay several million euros, under proposed new rules. “Time is running out for Google to get serious about data protection,” Viviane Reding, the EU’s top justice official in charge of bolstering the bloc’s data protection rules, said.
ADM seeks buyer for $2bn cocoa unit
Archer Daniels Midland, the agricultural trading house, is looking to offload its $2bn cocoa business. ADM – which is the “A” of the so-called “ABCD” group of companies that dominate the world of agricultural trading, along with Bunge, Cargill and Louis Dreyfus Commodities.
Pirate Bay co-founder jailed
A founder of the file-sharing website Pirate Bay has been sentenced to two years in jail after hacking into the computer system of Nordea, the Nordic region’s biggest bank, and seeking to transfer several million Swedish krona.
New Mersey bridge comes closer
Merseylink has been named as preferred bidder for the £600m project to build a second bridge across the River Mersey. The new crossing, which including accesses will be more than 2km long and carry about 80,000 vehicles a day, will run between Runcorn and Widnes.
BT chief’s move could cost him £14m
Ian Livingston, the outgoing chief executive of BT, has given up potential share gains worth as much as £14m because of his decision to join the government as trade minister.
The Daily Telegraph
State may clean-up Sellafield
Nuclear waste clean-up operations at Sellafield could be taken back into state hands after a series of failings by private companies managing the site, as their £22bn contract comes up for review.
Labour peer eyes tax on web bets
The £1.7bn Brits spend with online gambling companies every year should be taxed to support the arts, Lord Puttnam has argued. The film producer and Labour peer said the UK is in “desperate need” of cultural skills and talent and could take advantage of internet betting.
THE WALL STREET JOURNAL
Delta moves for Virgin Atlantic
Delta Air Lines yesterday cleared two of the three regulatory hurdles needed to complete its planned purchase of a minority stake in Virgin Atlantic. It intends to launch an extensive transatlantic joint venture with the British carrier.
Sprint ups Clearwire bid to $5 a share
US mobile phone network Sprint has raised its offer to acquire full control of broadband business Clearwire to $5 a share, topping a rival bid from Dish Network. Clearwire’s board has endorsed Sprint’s newest offer.