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UK seeks penalties for tech giants to stop cyber bullying

Bloomberg The UK government will set laws to stop cyber bullying among children, which may include multimillion dollar fines for social media companies like Facebook Inc. if they flout new statutory codes of conduct. “I don’t want the trolls to win,” Culture Secretary Matt Hancock told ITV after his department published further details of an Internet Safety Strategy. The government ...

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GE gets boost from $11.1bn rail deal with Wabtec

Bloomberg General Electric Co. Chief Executive Officer John Flannery is taking the biggest step yet in his plan to revitalise the beleaguered manufacturer, agreeing to merge its century-old locomotive business with Wabtec Corp. in a deal valued at $11.1 billion. GE and its shareholders will own 50.1 percent of the combined company, giving the parent an ongoing stake in the ...

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Zuckerberg’s testimony to EU parliament to be webstreamed

Bloomberg Facebook Inc. co-founder Mark Zuckerberg’s testimony to the European Parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the internet. Zuckerberg agreed to the web feed after talks with Antonio Tajani, the president of the parliament. The proceedings, scheduled for the late afternoon in Brussels, were to take place behind closed doors. “Great news for ...

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