Germany to restrict Facebook’s data gathering activities
Facebook has been ordered to curb its data collection practices in Germany after a landmark ruling on Thursday that the world’s largest social network abused its market dominance to gather information about users without their consent.
German cartel office concerned by reports Facebook to merge apps
Facebook’s reported plans to merge the infrastructure of its Messenger, WhatsApp and Instagram services would, if implemented, face antitrust scrutiny in Germany, the head of the Federal Cartel Office said on Thursday.
German minister welcomes cartel office’s clampdown on Facebook data collection
German Justice Minister Katarina Barley on Thursday welcomed a crackdown by Germany’s antitrust watchdog on Facebook’s data collection practices, saying the company was collecting data far beyond its platform.
World shares go weak as data disappoints, dollar extends power surge
Mounting global growth worries thrust share markets into reverse on Thursday, while the dollar scored its longest winning run since a hot streak in early October that helped trigger a wave of worldwide ‘bear’ markets.
Fiat Chrysler shares fall 10 percent as 2019 guidance disappoints
Fiat Chrysler (FCA) shares fell 10 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker’s longer-term targets.
Volvo Cars courts investors to raise cash for Polestar, CEO says
Volvo Cars is talking to Chinese investors as well as U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish carmaker’s CEO said on Thursday.
BB&T to buy SunTrust in biggest bank deal since 2009
BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.
Twitter forecast first-quarter revenue below estimates, shares fall
Twitter Inc forecast first-quarter revenue below Wall Street estimates and reported a drop in users for the fourth quarter on Thursday, sending its shares down 8 percent in early trading.
Italy denies it will ban Huawei, ZTE from its 5G plans
Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network.
Bankers suggest Russian firms delist as sanctions uncertainty bites
Uncertainty caused by the expansion of U.S. sanctions on Russia last year has pushed companies’ share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges.
