U.S. negotiating multibillion-dollar fine with Facebook: report
The U.S. government and Facebook Inc are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday.
Eddie Lampert steps down as chairman of Sears’ board
Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, a company filing showed https://www.sec.gov/Archives/edgar/data/1310067/000119312519041193/d704657d8k.htm on Thursday.
Trump to get U.S. Commerce Department recommendation on auto tariffs
The U.S. Commerce Department is set to meet a Sunday deadline to deliver its recommendations to President Donald Trump on whether imported vehicles and parts pose a national security risk and to outline options on how to address the issue, officials sa…
Explainer: What’s at stake in U.S.-China trade talks
U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese good…
As Amazon drops New York City project, progressives claim a major coup
U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon’s decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians.
Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle
Warren Buffett’s Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett’s, and added positions in Canada’s Suncor Energy Inc and software company Red Hat Inc.
U.S.-owned utility to close two coal plants, in blow to Trump
The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open.
Amazon’s NY exit spurs reactions on money saved and jobs lost
Amazon.com Inc’s decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of dueling reactions on Twitter, with some calling it a victory for working people while others said it mea…
S&P 500 slips as grim retail sales data overshadows trade hopes
The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute.
GE shrinks Boston headquarters plan; state to get $87 million back
General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state of Massachusetts.
