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Spain fines top 3 telecoms companies $159 million

(AP)—Spain's National Competition Commission has fined top telecommunications operators Telefonica, Vodafone and Orange a total of €120 million ($159 million) for abusing their dominant position and charging excessively ...

Morgan Stanley fined $5 mn over Facebook IPO

Morgan Stanley agreed Monday to pay a $5 million fine to settle charges that it improperly handled crucial information on Facebook's earnings ahead of the company's disastrous IPO.

Apple, e-book publishers, EU find competition deal

(AP)—The European Union's competition watchdog has accepted proposals by four publishers and Apple to end agreements that set retail prices for e-books—a practice the EU feared violated competition rules.

Grey market thrives outside Hong Kong Apple store

A grey market for the iPhone 5 sprang up on the doorstep of Hong Kong's Apple store Friday as it hit shelves for the first time, with resellers offering to pay more than 50 percent above retail price.

Consumers pay less at independent fuel stations

(Phys.org)—A Queensland study has found that independent service stations' petrol prices were on average one cent per litre cheaper than brand retailers.

With food prices, drought affects farmers more than consumers

While consumers will see increases in the prices of meat, eggs and dairy products as a result of this year's drought, they won't see its effects nearly as much as farmers, according to an agricultural economist in Penn State's ...

Microsoft shows off Windows 8 for smartphones

Microsoft on Wednesday ramped up its push to regain ground in the precious mobile computing market by giving developers a "sneak peek" at new Windows software for smartphones.

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