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India venture is at risk of collapse: Vodafone CEO

Bloomberg Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the phone company’s chief executive officer said. India’s top court ordered Vodafone Idea Ltd to pay $4 billion of fees linked to past frequency licenses last month. With another airwave auction approaching, Vodafone Idea already has $14 billion ...

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Microsoft’s privacy law covers whole US

Bloomberg Microsoft Corp said it will extend the “core rights” in California’s new privacy law to customers across the US and called for legislators to go further than the state provisions, which have sparked concern in industries from technology to retail. The announcement by the software giant comes as tech companies and trade groups are calling for a national privacy ...

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PG&E offering $13.5 billion in relief to wildfire victims

Bloomberg Bankrupt utility giant PG&E Corp is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with knowledge of the situation. In doing so, the San Francisco-based power company would be providing the same amount that a group of its creditors — led ...

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