Halliburton takes $2.2 billion charge on fracking, swings to loss
Halliburton Co swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market.
Exclusive: Apple dropped plan for encrypting backups after FBI complained – sources
Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company’s iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.
EU decision on LSE-Refinitiv deal expected in a few months: LSE director
European competition authorities are expected to rule on the London Stock Exchange’s $27 billion takeover of data and analytics company Refinitiv “around the summer”, an LSE board member said on Tuesday.
Oil market shrugs off Libya crisis
Oil prices fell more on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.
Apple lawsuit tests if an employee can plan rival startup while on payroll
Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture – that employees can plan a competing venture while still in a job.
Huawei CFO’s legal team to contest U.S. extradition in day 2 of Canada hearing
Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court on Tuesday, where her lawyers will build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
Uber tests feature allowing some California drivers to set fares: WSJ
Uber Technologies Inc is testing a feature that allows some drivers in California to set their fares, the Wall Street Journal reported https://www.wsj.com/articles/uber-is-testing-a-feature-that-lets-some-california-drivers-set-fares-11579600801 on Tue…
BP appoints new finance chief as Looney prepares to take over
BP’s finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.
KFC apologizes for ‘sexist’ Australian ad: report
KFC apologized for an advertisement in Australia that shows two young boys staring at a woman’s breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called “sexist”, the Australian Associated Press reported.
Airbus adds new A321 production capabilities in France to meet strong demand
European planemaker Airbus said on Tuesday that it had decided to create new A321 production capacity at its French site in Toulouse, in order to cope with strong demand.
