U.S. SEC proposes rule changes to company legal, risk factor disclosures
The U.S. Securities and Exchange Commission (SEC) on Thursday voted to propose rule changes to the way companies describe business, legal, and risk factors in their regulatory disclosures.
Broadcom to buy Symantec’s enterprise unit for $10.7 billion in software push
Chipmaker Broadcom Inc said on Thursday it will buy antivirus software maker Symantec Corp’s enterprise security unit for $10.7 billion in cash to scale up its software business through deals.
China trade data calms volatile global markets
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.
Wall Street jumps, with tech leading the advance
U.S. stocks jumped on Thursday, led by a more than 2% gain in technology shares, while better-than-expected economic data in the United States and China helped to offset worries about the trade war.
New U.S. pipelines poised to start price war for shale shippers
The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.
Facebook loses facial recognition appeal, must face privacy class action
(This Aug. 8 story has been refiled to correct case number to 18-15982 instead of 19-15982 in last paragraph)
Oil rises more than 2% on firm yuan, expectations of more OPEC cuts
Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.
Barrick Gold plans to sell Tongon gold mine in Ivory Coast – BBG
Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid…
Wall Street surges after upbeat economic data
Wall Street’s main indexes were sharply higher on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade….
Facebook loses facial recognition technology appeal, must face class action
A federal appeals court on Thursday rejected Facebook Inc’s effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.
