Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Political experts believe the vote could give more insight into national politics in each member state, rather than on the future of the EU itself.Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
A federal judge on Friday ordered the release from prison of John Rigas, the Adelphia Communications Corp founder convicted over a fraud that led to the cable TV company's collapse, because he is dying of cancer.
Rigas, 91, has been serving a 12-year prison term, but U.S. District Judge Kimba Wood in Manhattan reduced his sentence to time served.
Federal prosecutors had recommended that Rigas be freed after he was diagnosed with terminal Stage IV bladder cancer with metastases to the lungs. They said his life expectancy is six months or less, and that he was likely to die before being eligible for release in January 2018.
Once freed, Rigas is expected to spend his remaining months with a son in Coudersport, Pennsylvania. Federal probation officers also recommended the early release.
Lawrence McMichael, Rigas' lawyer, said his client could be released in the next few days.
Rigas and another son, Timothy Rigas, Adelphia's former chief financial officer, were found guilty in 2004 of conspiring to conceal Adelphia's debt and loot corporate funds and assets.
Adelphia had been the fifth-largest U.S. cable TV operator before its 2002 collapse. It became one of the biggest corporate fraud prosecutions in recent years, along with Enron and WorldCom.
Rigas was originally sentenced to 15 years in prison, but his term was reduced after a federal appeals court threw out part of the government's case.
His lawyers in December sought Rigas' early release after his condition was diagnosed as terminal.
But Wood ruled at the time that while "extraordinary circumstances exist," Rigas had not demonstrated that his legal challenge raised "substantial claims."
The case is U.S. v. Rigas, U.S. District Court, Southern District of New York, No. 02-cr-01236.