Canada watchdog to seek court order to force Facebook to follow privacy laws
Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.
AbbVie raises profit forecast, but Humira concerns weigh on shares
AbbVie Inc’s better-than-expected quarterly profit and revenue and raised full-year earnings forecast failed to impress investors who focused on the uncertainty around its blockbuster drug Humira as it struggles against cheaper rivals.
Ghosn decries bail conditions limiting contact with his wife
Former Nissan Chairman Carlos Ghosn, who was released on bail from a Tokyo jail on Thursday, said he was grateful bail had been granted but denounced conditions limiting contact with his wife.
Google exempt from back taxes in France, appeals court confirms
Google will not have to pay 1.1 billion euros ($1.22 billion) in back taxes demanded by French authorities, an appeals court in France ruled on Thursday, dashing the government’s bid to overturn a 2017 decision.
Drugmakers Astellas, Amgen to pay $125 million in U.S. charity kickback probe
Two drugmakers will pay nearly $125 million to resolve claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay kickbacks aimed at encouraging the use of their high-priced medications, the U.S. Justice Depa…
Weak industrial earnings drag Wall Street lower
U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.
U.S. capital goods orders hit record high; weekly jobless claims rise
New orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.
Southwest Airlines says bookings strong, may not always be 737-only carrier
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to cancel flights due to the grounding of Boeing’s 737 MAX jets.
Canada watchdog’s investigation finds Facebook broke privacy laws
Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.
UK regulator blocks Sainsbury’s $9.4 billion takeover of Walmart’s ASDA
Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
