MUNICH (Reuters) – Telefonica (TEF.MC: Quote, Profile, Research) and KPN (KPN.AS: Quote, Profile, Research) have made mutual approaches to merge their businesses in Germany without so far agreeing any basis to pursue the idea, the head of Telefonica’s O2 Germany said on Monday.
A merger has long been seen on the cards and Rene Schuster told Reuters he did not foresee regulatory problems in reducing the number of mobile operators in Germany from four to three.
LONDON (Reuters) – The European Union will leave the setting of fines for breaching proposed new data protection laws largely to national bodies, European Commissioner Viviane Reding said after reports that the EU planned to fine companies up to 5 percent of their turnover.
The proposed new legislation, which Reding will unveil on Wednesday, is designed to give individuals more control over personal data that they entrust to companies like Facebook or Google, and harmonize data law across the EU.
MUNICH/PARIS (Reuters) – The European Union will propose tough new rules in the coming days on how corporations handle Internet users’ personal data, a long-awaited move that could have far-reaching implications for Web giants such as Google Inc and Facebook.
Viviane Reding, vice president of the European Commission, said in a speech on Sunday that the new data-protection legislation was needed to protect users and cut red tape for businesses in Europe.
LONDON (Reuters) – The British newspaper arm of Rupert Murdoch’s News Corp settled a string of legal claims over phone hacking on Thursday, and said this was not an admission that management had known about the practice or tried to cover it up.
Murdoch’s News International had claimed for years that the hacking of voicemails to generate stories was the work of a single “rogue” reporter who went to jail for the crime in 2007.
LONDON (Reuters) – The British newspaper arm of Rupert Murdoch’s News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims’ lawyers said on Thursday.
In a statement that could further damage the company’s reputation, lawyers for victims who have reached settlements said the agreements were based on News Group Newspapers acknowledging senior executives tried to hide evidence.
LONDON, Jan 19 (Reuters) – British publisher Pearson
has raised 2011 earnings guidance for the third time in
three months after a strong year-end season, saying it now
expected 10 percent growth in adjusted earnings per share.
The new guidance from Pearson, which owns the world’s
biggest education technology business, the Financial Times and
Penguin books, implied EPS of 85.25 pence. It had previously
guided to EPS of 83 pence, up from 77.5 pence in 2010.
LONDON (Reuters) – NetMediaEurope is on the hunt for acquisitions in Britain and France after beefing up its German presence last week by buying the popular IT websites ZDNet.de, CNET.de and silicon.de.
Chief Executive Dominique Busso also told Reuters in an interview he saw 2012 as a year of consolidation in the business technology publishing market, which has been shrinking as advertising budgets contract, with many titles moving to online-only publication or closing altogether.
LONDON, Jan 18 (Reuters) – News International, the
British arm of News Corp that includes the now-defunct
News of the World, is close to settling many of the high-profile
phone-hacking cases brought against it, lawyers for the victims
told Reuters on Wednesday.
A spokeswoman for News International declined to comment
ahead of a pre-trial hearing which is due to take place on
Thursday morning in front of a judge who is set to begin hearing
test cases next month.
LONDON (Reuters) – Showbusiness reporters at Britain’s Daily Mirror might have secretly engaged in phone-hacking in the past, the tabloid’s editor told an inquiry on Monday, in an admission that could embarrass owners Trinity Mirror.
Asked at the Leveson Inquiry into press standards whether phone-hacking could have been going on and hidden from him while he was the paper’s showbusiness editor between 1999 and 2000, Richard Wallace replied: “It might well have been.”
LONDON, Jan 16 (Reuters) – Showbusiness reporters at
Britain’s Daily Mirror might have secretly engaged in
phone-hacking in the past, the tabloid’s editor told an inquiry
on Monday, in an admission that could embarrass owners Trinity
Asked at the Leveson Inquiry into press standards whether
phone-hacking could have been going on and hidden from him while
he was the paper’s showbusiness editor between 1999 and 2000,
Richard Wallace replied: “It might well have been.”