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Supreme Court rules for states in online sales tax case

Supreme Court rules for states in online sales tax case

Technology
States will be able to force more people to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states. Consumers can expect to see sales tax charged on more online purchases — likely over the next year and potentially before the Christmas shopping season — as states and retailers react to the court's decision, said one attorney involved in the case. The Supreme Court's 5-4 opinion Thursday overruled a pair of decades-old decisions that states said cost them billions of dollars in lost revenue annually. The decisions made it more difficult for states to collect sales tax on certain online purchases, and more than 40 states had asked the high court for action. Five st...
Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

Finance
Media and telecommunications stocks shot higher in aftermarket trading Tuesday after a federal judge ruled in AT&T's favor on its $ 85 billion acquisition of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading. The widely anticipated ruling comes amid pent up interest in forging combinations across the entertainment and communications industries. CNBC's parent company, Comcast, has been eyeing a $ 60 billion offer for the Twenty-First Century Fox studio and production assets that are currently part of a deal with Disney. ...
US officially repeals net neutrality rules

US officially repeals net neutrality rules

Technology
The US has officially repealed rules that governed the way net providers treated the data that travelled across their networks.The net neutrality rules said companies had to treat all data equally.Enacted in 2015, the rules sought to stop providers giving preferential treatment to sites and services that paid them to accelerate their data.And critics fear repealing them may see consumers charged extra for anything more than the most basic service.Public protests greeted the Federal Communications Commission's plan to end use of the rules, with many saying it could have an impact on free speech.But, in December, the FCC voted to repeal the rules. And the regulations expired on Monday. Media playback i...
GDPR: US news sites blocked to EU users over data protection rules

GDPR: US news sites blocked to EU users over data protection rules

Technology
A number of high-profile US news websites are temporarily unavailable in Europe after new European Union rules on data protection came into effect.The Chicago Tribune and LA Times were among those posting messages saying they were currently unavailable in most European countries.The General Data Protection Regulation (GDPR) gives EU citizens more rights over how their information is used.The measure is an effort by EU lawmakers to limit tech firms' powers. Under the rules, companies working in the EU - or any association or club in the bloc - must get express consent to collect personal information, or face hefty fines.What sites are unavailable?News sites within the Tronc and Lee Enterprises media publishing groups were affected...
Smart luggage firms close because of airline battery rules

Smart luggage firms close because of airline battery rules

Technology
Two smart luggage firms have closed in May, with both blaming changes to airline policies regarding how lithium batteries can be taken on board planes.Raden and Bluesmart said the changes, by several major airlines in December 2017, had made business impossible.The new rules meant that luggage batteries had to be removable. The smart suitcases feature weight sensors, a built-in phone charger and location awareness - but all require battery power."...our intent was to add ease and simplicity to your travel experience and this unforeseen policy change has made this impossible," Raden said in a message on its website, spotted by The Verge.Bluesmart's products did not feature removable batteries at all.The firm described its news as "bittersweet" in an announ...