Business

The case of a wealthy U.S. businessman who pleaded guilty to evading taxes but then sued the Swiss bank where he hid his money is scheduled to go to trial on May 8, the first major test of civil legal challenges to Swiss banks that sold offshore private banking services to help Americans evade taxes.

U.S. regulators are pressuring Internet companies to put in place by the end of the year a "Do Not Track" system that would give consumers more control over their personal data online, in a report released on Monday that privacy advocates dismissed as too soft.

Microsoft Corp claimed a victory in efforts to combat online banking fraud, saying it had confiscated several servers used to steal login names and passwords, disrupting some of the world's most sophisticated cybercrime rings.