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By Joseph Ax NEW YORK (Reuters) - A U.S. judge signed off on Tuesday on a $50 million settlement between the Consumer Financial Protection Bureau and Sprint Corp over claims the mobile carrier added unauthorized charges to customer phone bills. In May, U.S. District Judge William Pauley in New York had demanded additional evidence of the deal's fairness before he would approve the agreement, citing a dearth of details in the initial papers filed jointly by the two sides. The settlement is part of a broader deal in which Sprint and Verizon Communications Inc agreed to pay $68 million and $90 million, respectively, to end various government probes into the practice of "cramming," in which mobile carriers charge customers for services such as horoscopes that they never ordered. more...


Interactive Data Corp, one of the world's largest financial data providers, has hired banks for a potential sale or an initial public offering that could value it at more than $5 billion, including debt, people familiar with the matter said on Tuesday. IDC's owners, private equity firms Silver Lake Group LLC and Warburg Pincus LLC, have asked Credit Suisse Group AG and Goldman Sachs Group Inc to run an auction for the company, the people said. more...


By Gerry Shih BEIJING (Reuters) - Beijing-based smartphone maker Xiaomi Inc said on Wednesday it has hired private equity investor Shou Zi Chew as chief financial officer, further bolstering its executive ranks in a period of rapid international expansion. Chew, the Hong Kong-based partner of DST Investment Management Ltd, first helped the prominent late-stage technology fund invest in Xiaomi in 2011. ... more...


Julian Robertson, head of hedge fund Tiger Management, said Tuesday that he was "extremely positive" about Apple Inc and that Chief Executive Officer Tim Cook was the "perfect person" to lead the company. "It, I think, now has the right leader for this time," Robertson told cable television network CNBC. more...


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