Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations
- The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
Tue, 23 Jul 2019 22:43:14 -0400
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Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources
- Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.
Tue, 23 Jul 2019 22:40:38 -0400
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Japan's Nissan to double global job cuts to over 10,000: source
- Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.
Tue, 23 Jul 2019 22:12:10 -0400
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White House's Kudlow hopeful on U.S.-China trade talks, agriculture buys
- White House economic adviser Larry Kudlow on Tuesday called it a good sign that top U.S. officials would be traveling to China to discuss reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.
Tue, 23 Jul 2019 21:57:11 -0400
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Big Tech faces broad U.S. Justice Department antitrust probe
- The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
Tue, 23 Jul 2019 21:52:50 -0400
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Trump administration split on renewing Chevron's Venezuela license
- The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.
Tue, 23 Jul 2019 21:51:04 -0400
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Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions
- A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.
Tue, 23 Jul 2019 21:50:36 -0400
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Oil prices gain on U.S. inventory drop, Middle East tensions
- Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week.
Tue, 23 Jul 2019 21:13:19 -0400
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WeWork looking to go public as early as September: source
- Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.
Tue, 23 Jul 2019 20:59:58 -0400
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Asia stocks cautious on trade talks; euro under pressure
- Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.
Tue, 23 Jul 2019 20:49:29 -0400
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