In short

A round-up of today's other business news in brief.

A round-up of today's other business news in brief.

Disclosures on Jobs's health to be examined

US regulators are examining Apple's disclosures about chief executive Steve Jobs's health problems to ensure investors weren't misled, a person familiar with the matter said.

The Securities and Exchange Commission’s review doesn’t mean investigators have seen evidence of wrongdoing, the source said, declining to be identified because the inquiry isn’t public.

Bloomberg News reported last week that Jobs is considering a liver transplant as a result of complications after treatment for cancer. – (Bloomberg)

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Details of 150 million credit cards stolen

A US electronic payment processing firm has suffered what looks set to be a biggest every security breach with details of approximately 150 million debit and credit cards believed to have been stolen.

Heartland Payment Systems chief financial officer Robert Baldwin said it was too early to quantify the data stolen but the Wall Street Journalreported that it included card numbers, expiry dates and internal bank codes, all of which could be used to duplicate cards.

“We understand that this incident may be the result of a widespread global cyber fraud operation, and we are co-operating closely with the United States secret service and department of justice,” Mr Baldwin said.

Heartland provides services to thousands of US retailers but does not have operations in Europe according to its website.

Eircom challenges ComReg decision

Eircom has launched a High Court challenge to a ComReg decision which designated the telco as having significant power in the market for leased lines.

The decision means that the regulator will be able to set pricing for these products which are primarily used by large businesses for data connections.

The case is likely to be heard next month.

Last year ComReg put aside an interim pricing decision regarding the residential broadband market following an Eircom legal challenge.

Ex-KGB agent buys ‘Evening Standard’

Russian billionaire and ex-KGB agent Alexander Lebedev is buying a majority interest in London's struggling Evening Standardnewspaper for a nominal sum, current owner Daily Mail General Trust said.

A new company, Evening Standard Ltd, will be set up to own the Evening Standard with DMGT retaining a minority stake of 24.9 per cent, DMGT said in a statement yesterday.

Mr Lebedev – who owns stakes in Russian banks, energy companies, the airline Aeroflot as well as Russia’s main opposition newspaper – said last week he was interested in influential British newspapers.