Alphabet shuts Google+ social site after user data exposed
Google will shut down the consumer version of its social network Google+ after announcing data from up to 500,000 users may have been exposed to external developers by a bug that was present for more than two years in its systems.
Former Tesco executives encouraged profit overstatement, misled stock market, court told
Two former senior executives of Tesco abused their positions to encourage practices that resulted in a 250 million pounds ($327 million) overstatement of expected profits and misled the stock market, a prosecutor told a London court on Monday.
Wall St. mirrors global markets slump on China growth fears, high yields
Wall Street fell for a third straight day on Monday, tracking global stocks, in the backdrop of growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
Swiss bank UBS on trial in France over alleged tax fraud
Swiss bank UBS Group AG , its French unit and six executives faced charges of aggravated tax fraud and money laundering on Monday, the first day of a trial into allegations they helped wealthy clients avoid taxes in France.
Google exposed user data, chose not to tell public: WSJ
Alphabet Inc’s Google exposed the private data of hundreds of thousands of users of its Google+ social network and opted not to disclose the issue partly due to fears of regulatory scrutiny, the Wall Street Journal said, citing unnamed sources.
Airbus picks planes boss Faury as next CEO to end uncertainty
Planemaking boss Guillaume Faury was named as the next chief executive of Airbus on Monday, ending months of uncertainty over the leadership of Europe’s largest aerospace group and underlining the dominance of its commercial jet arm.
Wall Street tracks global stocks lower on China growth fears, high yields
Wall Street fell for a third straight day on Monday, mirroring global stocks, amid growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
Amazon India denies it gives select sellers preferential treatment
Amazon’s Indian business has denied accusations that it favors select merchants and brands, responding to a complaint lodged by an Indian lobby group.
Bain Capital to buy majority stake in Rocket Software
IT services company Rocket Software said on Monday private equity firm Bain Capital had agreed to take a majority stake in the privately held firm in a deal valued at about $2 billion.
Airbus insider Faury to be next CEO: sources
Company insider Guillaume Faury was set to be named as Airbus’s next chief executive on Monday, giving him a mandate to fill key posts and address industrial problems at the dominant jets division, people familiar with the matter said.
