American companies doing business in Europe can breathe again after the U.S. and EU agreed to protect the privacy of data transferred across the Atlantic.
Tech giants like Google (GOOG), Facebook (FB, Tech30) and Amazon (AMZN, Tech30), as well as other firms, were facing a huge headache after the European Union's top court struck down a previous data agreement, known as Safe Harbor, last September.
U.S. and EU agree data deal to reduce spying on Europeans - Feb. 2, 2016
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