News

Google Inc Executive Chairman Eric Schmidt told an audience at a dinner that given the acquisition track record of Lenovo Inc, he is confidence that the US Committee on Foreign Investment will give its approval for the Chinese company to acquire its Motorola handset business.

Martin Wheatley, chief executive officer of British watchdog Financial Conduct Authority said his firm's launching a probe on foreign-exchange benchmarks manipulation has been affirmed when evidence from ten banks had been submitted to them.

An FCC official told Reuters that Federal Communications Commission Chairman Tom Wheeler in unsure whether a merger of Sprint Corp and T-Mobile US could actually push through in the US due to competition concerns.