News highlights – 23 March

News highlights for 23 March

REUTERS/Lucy Nicholson

Amazon wins $1.5 billion fight with the IRS

(Reuters) – Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Read more…

Senate votes to repeal Obama privacy regulations

WASHINGTON (Reuters) – The U.S. Senate on Thursday voted narrowly to repeal regulations requiring internet service providers to do more to protect customers’ privacy than websites like Alphabet Inc’s Google or Facebook Inc. Read more…

Oi might be turning around, but needs fresh capital

SAO PAULO (Reuters) – A new reorganization plan from Brazil’s debt-laden phone carrier Oi SA boosted shares on Thursday, but analysts continued to focus on the need for fresh capital after a heavy fourth-quarter loss. Read more…

Johnson & Johnson and JP Morgan Chase pull YouTube advertising

(Reuters) – U.S. healthcare conglomerate Johnson & Johnson and JPMorgan Chase & Co became the latest big U.S. companies to suspend all digital advertising on Google’s YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Read more…

Experian fined for false advertising

WASHINGTON (Reuters) – The Consumer Financial Protection Bureau said on Thursday it fined Experian and its subsidiaries $3 million for falsely telling customers its credit scores were used by lenders in making decisions. Read more…

Tags: Amazon and IRS, Experian, Google advertising, Oi, privacy rules