News bites: EU proposes tough data rules

The European Commission proposed new online data privacy rules, Reuters reports. The rules put more responsibility on companies to protect their users' information; violations can result in hefty fines. 

A convicted con artist worked with federal agents in a sting operation against Google, The Wall Street Journal reports.

Apple CEO Tim Cook said his company didn't anticipate the "staggering" demand for iPhones in China, Bloomberg reports.

Yahoo's income dropped 5 percent in the fourth quarter, The New York Times reports.