FTC to announce $5 billion settlement with Facebook as early as this week: sources
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter said on Monday.
Facebook, Amazon and Alphabet take center stage on Wall Street
The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.
U.S. stocks led higher by tech on trade optimism; oil rises
U.S. stocks advanced on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices higher.
Huawei’s U.S. research arm laying off workers
The U.S.-based research arm of China’s Huawei Technologies Co Ltd – Futurewei Technologies Inc – announced worker layoffs on Monday, according to two Futurewei employees.
Factbox: Biggest U.S. data breach settlements before Equifax
The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information.
Wall Street edges higher ahead of major earnings, central bank meetings
U.S. stocks eked out small gains on Monday as investors were wary of making big bets ahead of key central bank meetings on interest rates and waited for earnings from marquee companies including Facebook and Amazon due later this week.
Trump expected to drop in on White House tech meeting with Broadcom, Intel CEOs: sources
U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the CEOs of Intel Corp and Broadcom Inc, to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter …
Trump: ‘We will have to find out’ about Huawei’s relationship with North Korea
Asked about a media report that said Huawei Technologies Co Ltd [HWT.UL] had secretly built and maintained North Korea’s commercial wireless network, U.S. President Donald Trump said on Monday, “We will have to find out.”
Philadelphia Energy Solutions seen selling RIN credits in months before bankruptcy: sources
Philadelphia Energy Solutions has been seen selling biofuel credits, called Renewable Identification Numbers (RINs), in the months leading up to filing for Chapter 11 bankruptcy protection, market sources said.
Fitch cuts Boeing’s debt outlook to ‘negative’ on 737 MAX problems
Fitch Ratings lowered its debt outlook for Boeing Co to “negative” from “stable” on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets’ return to service.
