Qualcomm may face record fine of over $1 bn in China

Last Updated: Monday, January 5, 2015, 11:45

Qualcomm, the world's biggest cellphone chip maker, may face a record fine of over USD 1 billion in China for overcharging and abusing its market position in wireless communication standards.

Magazine that revealed Hollande affair fined for snaps of minister

Last Updated: Saturday, January 25, 2014, 05:26

The French magazine that reported President Francois Hollande`s affair with an actress has been fined for breach of privacy in a separate case brought by France`s culture minister, a lawyer said Friday.

Highest China fine for violating one-child policy

Last Updated: Friday, January 10, 2014, 10:15

China fined acclaimed film director Zhang Yimou 7.5 million yuan ($1.24 million / £753,340 pounds) on Thursday for having three children in violation of its country`s strict one-child policy.

US regulator fines Barclays over decade of records failures

Last Updated: Friday, December 27, 2013, 11:04

Barclays Plc has been fined $3.75 million by a U.S. regulator over its alleged decade-long failure to properly keep electronic records, emails and instant messages.

Taiwan's Fair Trade Commission fines Apple for price restrictions

Last Updated: Thursday, December 26, 2013, 09:41

Taiwan`s Fair Trade Commission (FTC) fined Apple Inc $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices in the country.

Banks pay for past sins as US, Europe levy record fines

Last Updated: Tuesday, December 24, 2013, 09:25

US and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43 billion as authorities work more closely across borders to clean up the financial sector.

DA case: Bank official gets 5-yr RI,slapped with Rs 1.5cr fine

Last Updated: Monday, December 23, 2013, 22:21

A special CBI court on Monday sentenced a senior official of a PSU bank to five-year rigorous imprisonment and also imposed a fine of Rs 1.50 crore on him for amassing wealth disproportionate to his known sources of income.

Spain watchdog fines Google for privacy `violations`

Last Updated: Friday, December 20, 2013, 09:43

Spain`s data protection watchdog ordered US Internet giant Google to pay a 900,000-euro fine for "serious violations" of users` privacy.

My original creative background was fine art: Kanye West

Last Updated: Tuesday, December 10, 2013, 08:39

Kanye West may be famous as a rapper but he was originally inclined towards fine arts.

NBA: Dwight Howard fined USD 25,000

Last Updated: Friday, November 22, 2013, 14:15

Houston Rockets centre Dwight Howard was fined USD 25,000 by the National Basketball Association (NBA).

JPMorgan Chase to pay $4.5 billion in mortgage security deal

Last Updated: Saturday, November 16, 2013, 09:03

JPMorgan Chase & Co said on Friday it has agreed to pay USD 4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.

Chevron ordered to pay Ecuador $9.51 bn on appeal

Last Updated: Wednesday, November 13, 2013, 13:27

An Ecuadoran court Tuesday upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced USD9.51 billion.