Wall Street tumbles on trade war fears; tech, financials weigh
NEW YORK (Reuters) – Wall Street’s three major indexes tumbled in late afternoon trading on Friday as investors shied away from risky bets going into the weekend while they braced for a potential U.S. trade war with China.
Qualcomm re-elects board of directors with tepid support
SAN DIEGO (Reuters) – Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd …
Qualcomm narrowly re-elects 10 directors to board: source
(Reuters) – Qualcomm Inc shareholders on Friday re-elected 10 directors to the mobile chipmaker’s board with tepid support in the wake of an extraordinary turn of events that left shareholders with no other choices and at least one advisory firm urging…
Wall St. struggles to shake off trade war fears, tech gloom
(Reuters) – Wall Street on Friday struggled to shake off fears of a global trade war after the United States moved to slap tariffs on China and as technology stocks took another hit with Micron’s results weighing on chipmakers, though oil prices gave s…
Canada calls end to trade case positive for ‘longstanding’ Boeing ties
MONTREAL, OTTAWA (Reuters) – Canada on Friday welcomed as a “positive development” in its long ties with Boeing a decision by the U.S. planemaker to end a trade dispute over sales of Bombardier CSeries jets in the United States.
Spotify says about two million users blocked ads without paying
(Reuters) – Spotify Technology SA said on Friday it uncovered 2 million users of its free service who had blocked advertising without paying, highlighting a potential revenue risk for the soon-to-be public company.
Success for Uber’s direct loan despite driverless fatality
NEW YORK (LPC) – Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional approach to raising the loan and succeeding despite news that one of the company’s self-driving cars had killed a pedestrian.
U.S. lawmakers formally ask Facebook CEO to testify on user data
WASHINGTON (Reuters) – U.S. lawmakers on Friday formally asked Facebook Inc’s Mark Zuckerberg to explain at a congressional hearing how 50 million users’ data got into the hands of political consultancy Cambridge Analytica.
Bank of America pays $42 million fine in New York ‘masking’ probe
NEW YORK (Reuters) – Bank of America Corp will pay a $42 million fine and admitted wrongdoing to settle claims by New York’s attorney general that it fraudulently routed clients’ stock trades to outside firms, including one run by swindler Bernard Mad…
Qualcomm re-elects 10 existing directors to board at annual meeting
(Reuters) – Qualcomm Inc shareholders on Friday re-elected 10 directors to the company’s board at the mobile chipmaker’s annual meeting.
