Exclusive: WhatsApp hacked to spy on top government officials at U.S. allies – sources
Senior government officials in multiple U.S.-allied countries were targeted earlier this year with hacking software that used Facebook Inc’s WhatsApp to take over users’ phones, according to people familiar with the messaging company’s investigation.
Ford plans to close engine plant in Michigan as part of UAW deal
Ford Motor Co plans to close an engine plant in Romeo, Michigan, as part of a tentative agreement with the United Auto Workers union for a new four-year contract, a source told Reuters on Thursday.
U.S. consumer spending slowing; inflation benign
U.S. consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers’ ability to continue driving the economy amid a deepening slump in business investment.
Wall Street drops as trade worries resurface
U.S. stocks fell on Thursday as worries that the United States and China may not be able to strike a trade deal overshadowed strong earnings reports from Apple and Facebook.
Oil prices decline on U.S. pipe disruptions, weak Chinese data
Oil prices were nearly 2% lower on Thursday after a leak on a key U.S. pipeline disrupted supply flows and on data showing weak factory activity in China.
Kraft Heinz beats profit estimates, plans to boost marketing; shares surge
Kraft Heinz Co will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.
Corteva signals hit from delayed planting in Brazil, slowing China
Corteva Inc said on Thursday demand for grains and oilseeds could be hit by a delayed soybean planting in Brazil and cooling growth in China and emerging economies, sending its shares down 8%.
Trump says Fed hurting U.S. competitiveness, needs to cut rates more
U.S. President Donald Trump on Thursday launched a broadside against the Federal Reserve and its chairman, Jerome Powell, saying the central bank’s policies were hurting U.S. competitiveness.
Altria writes down Juul investment by $4.5 billion amid vaping backlash
Altria Inc took a $4.5 billion hit from its investment in embattled electronic-cigarette maker Juul Labs Inc on Thursday, the latest setback for the startup as a regulatory crackdown on vaping threatens to upend the fast-growing industry.
Thyssenkrupp board member commits to steel ahead of unit review
Thyssenkrupp will remain committed to its Steel Europe division, which faces 2,000 layoffs, a board member said on Thursday, just weeks before the conglomerate presents a new strategy for the division.
