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URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

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Telefonica to appeal EU fine for collusion

Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas
Reflections are seen on a logo of Spain's telecommunications giant Telefonica in Madrid December 3, 2012. REUTERS/Andrea Comas

MADRID (Reuters) - Spain's Telefonica said on Wednesday it disagreed with a fine by European Union antitrust regulators on its competition agreements with Portugal Telecom and would appeal the decision with the Luxembourg-based EU Court of Justice.

The European Commission said it was fining Telefonica 79 million euros ($104.96 million) and Portugal Telecom 12 million euros for agreeing not to compete against each other in the Iberian telecoms market.

(Reporting By Tracy Rucinski; Editing by Fiona Ortiz)

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