Oil falls below $61, heads for weekly loss on China virus concerns
Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.
Take Five: When China sneezes
Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that has killed 81 people and infected th…
Italy watchdog threatens Facebook with another fine over improper use of data
Italy’s competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group’s treatment of user data.
Intel’s cloud growth lifts shares, fires up other chipmakers
Intel Corp’s shares rose 5% on Friday after demand from data centers fired up the chipmaker’s cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.
Nasdaq hits record high on Intel strength
The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.
Financier doubts add to Boeing’s MAX headaches
To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.
Bytedance’s TikTok hires Microsoft IP chief as general counsel
Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company’s global general counsel, reporting to president Alex Zhu.
JPMorgan hires senior tech executive from Goldman Sachs: memo
JPMorgan Chase & Co has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen by Reuters.
Lebanon and Japan have 40 days to agree on Ghosn’s fate: sources
Lebanon and Japan have about 40 days to decide whether ousted Nissan boss Carlos Ghosn will be extradited to Japan or stand trial in Lebanon, a judicial source and a source close to Ghosn said on Thursday, following his escape from Japan last month.
BlackRock, Franklin Templeton eye partnership with Banco do Brasil’s asset management unit: report
Asset managers BlackRock Inc., Franklin Templeton and Principal Financial Group are vying for a partnership with state-controlled lender Banco do Brasil’s asset management unit, a Brazilian newspaper reported on Friday.
