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As part of a deferred-prosecution agreement to settle a five-year probe about its alleged bribery, Avon Products Inc will reportedly pay a total of $135 million to settle the criminal and civic inquiries by the US Justice Department and the Securities and Exchange Commission.

Hillel "Helly" Nahmad has been sentenced to one year in prison for operating an illegal, high-stakes gambling ring, and was ordered to forfeit monies, a a Raoul Dufy painting and pay a fine for his role in the gambling business, Bloomberg said.

Federal Communications Commission Chairman Tom Wheeler had told attendees at the National Cable and Telecommunications Association (NCTA) Cable Show today that the commission is intent on protecting the open Internet from entities who are leaning to take advantage of it for financial gains.