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Facebook's slide stalls Intel-led advance on Wall Street

September 28, 2018 by  
Filed under News

Wall Street rose by a smidgen on Friday as gains led by Intel, real estate companies and utilities offset Facebook after the social network disclosed a security breach.


Source: Reuters Business News

EU regulators want to know if merchants hurt by Amazon copies

September 28, 2018 by  
Filed under News

EU antitrust regulators are asking retailers and manufacturers whether Amazon’s sales of own brand products similar to theirs have harmed their business, a move which could lead to a formal case and possibly fines against the U.S. tech giant.


Source: Reuters Business News

U.S. trade judge declines to block iPhone imports

September 28, 2018 by  
Filed under News

A U.S. trade judge on Friday declined to block the importation of Apple Inc iPhones with chips from Intel Corp , handing a major defeat to Qualcomm Inc in its high-stakes legal dispute with the iPhone maker.


Source: Reuters Business News

Facebook unearths security breach affecting 50 million users

September 28, 2018 by  
Filed under News

Facebook Inc said on Friday that hackers had discovered a security flaw that allowed them to take over up to 50 million user accounts, a major breach that adds to a bruising year for the company’s reputation.


Source: Reuters Business News

Credit Suisse settles with U.S. regulators over electronic trading

September 28, 2018 by  
Filed under News

Credit Suisse Group AG has agreed to pay $10 million to settle U.S. charges related to its handling of customer orders and alleged fraudulent electronic trading practices.


Source: Reuters Business News

Communication services stocks push Wall Street higher

September 27, 2018 by  
Filed under News

Wall Street rose on Thursday, helped by high-flying shares of Alphabet and Netflix, as well as the U.S. Federal Reserve’s confidence in the strength of the economy after it raised rates for the third time this year.


Source: Reuters Business News

Business groups ask U.S. court to not undo AT&T merger with Time Warner

September 27, 2018 by  
Filed under News

The U.S. Chamber of Commerce and other powerful business groups asked an appeals court on Thursday to not undo AT&T Inc’s purchase of movie and TV show maker Time Warner, despite the protests of the Justice Department.


Source: Reuters Business News

Ford wants 'certainty' in any U.S. trade deals: chairman

September 27, 2018 by  
Filed under News

As the Trump administration negotiates new trade pacts with Canada, China and other countries, Ford Motor Co Executive Chairman Bill Ford said on Thursday the automaker wants deals that allow it to plan and invest with “certainty.”


Source: Reuters Business News

Brazil's Petrobras to pay $853 million U.S. fine in Car Wash probe

September 27, 2018 by  
Filed under News

PetrĂ³leo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges that the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the U.S. Justice Department said on Thursday.


Source: Reuters Business News

Fed chief Powell signals central bank is done with signaling

September 27, 2018 by  
Filed under News

Federal Reserve Chairman Jerome Powell has a new message for financial markets: watch the data on jobs, wages and inflation for signals on monetary policy – not the U.S. central bank’s words or forecasts.


Source: Reuters Business News

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