Irish regulator probes Facebook after it discloses bug
An Irish regulator said on Friday it had launched an investigation into Facebook Inc after the company disclosed a bug that may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.
Facebook’s lead EU regulator opens probe into data breach
Facebook’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), on Friday began an investigation into a number of breach notifications received from the social networking site.
J&J shares nosedive on report company knew of asbestos in baby powder
Shares of Johnson & Johnson tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.
Volkswagen says talks on cooperation with Ford progressing
Volkswagen’s talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday.
Canada slams China detentions; foreign minister to press Pompeo
Canadian Prime Minister Justin Trudeau on Friday said China’s detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate.
Air Berlin’s administrator sues Etihad for up to 2 billion euros
German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
China to halt added tariffs on U.S.-made cars in easing of trade tensions
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies.
Wall Street drops on global growth fears; J&J tumbles on Reuters report
U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
Ousted Nissan boss’ daughter takes documents, cash from apartment
The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing.
N.Y. Fed’s U.S. fourth-quarter GDP growth holds near 2.4 percent
The U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve’s Nowcast model…
