Facebook’s Zuckerberg pledges cooperation with U.S. antitrust probe: congressman
Congressman David Cicilline, chair of the U.S. House Judiciary Committee’s antitrust panel, said on Friday that Facebook Chief Executive Mark Zuckerberg pledged cooperation with the panel’s probe into online markets during a meeting on Capitol Hill.
Walmart to stop sales of electronic cigarettes in its U.S. stores: company memo
Walmart Inc on Friday sent an internal memo to its staff saying the retailer will discontinue the sale of e-cigarettes and electronic nicotine delivery products at its U.S. stores.
Wall Street slumps after China delegates cancel U.S. farm visit
Wall Street’s main indexes dropped sharply on Friday after Chinese agriculture officials who were due to visit U.S. farm states next week canceled their trip to Montana, dampening early optimism on U.S.-China trade talks.
Fedspeak in three voices, from recession to bubbles to ‘in a good place’
After delivering a split-decision rate cut earlier this week, U.S. Federal Reserve officials put their divisions over the state of the economy and what should be done about it on full display Friday with warnings of a slowdown and financial risks booke…
Fed’s Rosengren: Will worry when consumers show worry
Boston Federal Reserve President Eric Rosengren on Friday said he might temper his opposition to interest rate cuts if he starts to see weakness in consumer spending.
Oil heads for weekly gain of around 8% after Saudi attacks
Oil prices rose more than 1% on Friday, with Brent set for its biggest weekly gain since January, lifted by rising Middle East tensions and supply concerns after an attack on Saudi Arabia’s energy industry last weekend.
Lancome maker L’Oreal hit by 320 million euros French tax charge
Cosmetics maker L’Oreal said on Friday it had reached a settlement with French tax authorities regarding three of its subsidiaries, including one linked to its luxury Lancome brand, resulting in a charge of around 320 million euros.
Trump: Chinese agricultural purchases not enough, wants a ‘complete deal’
President Donald Trump on Friday said he wants a complete trade deal with China and that agricultural purchases from the Asian nation would not go far enough, adding that a comprehensive agreement would take time.
Brazil’s Petrobras confronts new foe: fuel thieves
Brazilian state-run oil firm Petrobras has in the last five years battled an epic corruption probe, a crippling recession and unsteady crude prices.
Saudi Aramco sees full oil production from attacked sites by end September
Saudi state oil company Aramco said it will bring back by end September full crude output at Abqaiq and Khurais, the two oil facilities damaged by attacks last weekend that U.S. officials have blamed on Iran.
