Facebook, Twitter on defense in U.S. Congress over foreign bids to tilt politics
Top executives from Facebook Inc and Twitter Inc defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
Congress should act on foreign interference in elections: U.S. senator
U.S. Senator Mark Warner told the Senate Select Committee on Intelligence on Wednesday that Congress will need to act to stop foreign bad actors who use social media like Facebook Inc and Twitter Inc to interfere in U.S. elections.
Facebook, energy stocks bog down Wall Street, tariff woes loom
U.S. stock indexes were lower on Wednesday, weighed down by Facebook, energy stocks and concerns over the possibility of President Donald Trump going through with plans to slap new tariffs on Chinese goods as early as this week.
Fox invests $100 million in broadcasting platform Caffeine
Twenty First Century Fox said on Wednesday it made a $100 million investment in social broadcasting platform Caffeine.
Trump slams Nike as Kaerpernick ads spark some boycotts
U.S. President Donald Trump on Wednesday criticized Nike Inc following the debut of its advertising campaign with Colin Kaepernick, the NFL quarterback who sparked a national controversy by kneeling during the national anthem.
Bayer open for drug licensing deals, cutting debt remains priority
Bayer is ready to spend money on more drug licensing agreements like last year’s deal with Loxo Oncology but its priority is to reduce debt after the takeover of Monsanto.
U.S. Senate Intelligence chairman says threat on social media remains
Senator Richard Burr, the Republican chairman of the U.S. Senate Intelligence Committee, said on Wednesday that the “national security vulnerability” and “unacceptable risk” of social media platforms remain unaddressed.
American Airlines president sees growth in higher-margin U.S. hubs
American Airlines President Robert Isom said on Wednesday he sees growth opportunities in three higher-margin hubs where the U.S. carrier will be adding gates and flights over the next three years.
Weak exports push U.S. trade deficit to five-month high
The U.S. trade deficit rose to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting the Trump administration’s protectionist policy was so far not having an impact.
Walmart trials grocery delivery to rival Amazon Flex
Walmart Inc is testing whether independent drivers could deliver its groceries as the retailer races to meet its goal of offering home delivery to more than 100 U.S. cities by the end of the year.
