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UBS to Tell Americans If They Are on IRS List
Swiss bank UBS said it will inform American clients whether their bank accounts are among the 4,450 that will be revealed to the U.S. Justice Department in a tax-evasion probe. UBS said it would comply with Monday's ruling by a Swiss court in favor of two U.S. clients seeking clarification on whether their account details would be handed over to Washington. The information transfer is part of a deal last month that ended a long dispute between the two countries over wealthy Americans hiding money at the bank.
-- Associated Press
TECHNOLOGY
Authors, Publishers Revising Google Deal
Book authors and publishers on Tuesday asked a federal court to postpone an Oct. 7 hearing over a $125 million settlement with Google that would give the Internet giant the rights to millions of out-of-print titles.
In a letter to the District Court for the Southern District of New York, the Authors Guild and Association of American Publishers -- which were the plaintiffs in previous lawsuits accusing Google of scanning books without permission-- said the trial date should be extended in light of their efforts to satisfy Justice Department concerns that the settlement may edge out competitors, hurt consumers and violate copyright laws.
-- Cecilia Kang
TRADE
China Appeals Ruling On Media by WTO
China appealed at the last minute a World Trade Organization ruling upholding parts of a U.S. complaint about Chinese restrictions on imports of films, books and other media. The move showed that China was continuing to pursue litigation against the United States on a range of trade issues, where relations have been soured by President Obama's imposition on Sept. 11 of tariffs on imports of cheap Chinese tires.
A WTO dispute panel found on Aug. 12 that China's regime for importing and distributing audio-visual material broke international trade rules.
-- Reuters
