Academic behind Facebook breach says political influence was exaggerated
LONDON (Reuters) – The consultancy at the center of a storm over Facebook data greatly exaggerated its role in Donald Trump’s 2016 U.S. presidential victory and would not have been able to sway an election result, the academic who provided the data sa…
Record U.S. oil offshore lease sale to test Trump energy push
(Reuters) – The U.S. Interior Department will hold the largest lease sale in American history in the offshore Gulf of Mexico on Wednesday, in a major test of the oil industry’s appetite for federal acreage offered by the Trump administration.
U.S. judge to question Big Oil on climate change
SAN FRANCISCO (Reuters) – Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in …
Bayer wins EU approval for $62.5 billion Monsanto buy
BRUSSELS (Reuters) – German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry.
Dropbox raises IPO price range by $2 on strong demand
(Reuters) – Cloud storage firm Dropbox Inc [DBX.O] raised the price range for its initial public offering by $2 on Wednesday as investors bid strongly for the first big tech IPO this year ahead of final pricing expected on Thursday.
Nordea says its sustainable funds won’t buy more Facebook stock
STOCKHOLM (Reuters) – Nordea, the Nordic region’s biggest bank, will not let its sustainable funds buy more Facebook shares for the time being, its head of sustainable finance said.
Equities, dollar slip as Fed rate path jitters build
LONDON (Reuters) – World shares were flat on Wednesday and the dollar eased off three-week highs as investors marked time before a likely hike in U.S. interest rates and awaited guidance on how many more to expect for this year.
BMW raises R&D spending for electric, autonomous cars
Munich (Reuters) – German carmaker BMW will increase research and development (R&D) spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025.
A tale of two hotels: Italy’s bad loan sales hang in the balance
MILAN/LONDON (Reuters) – The Hotel Dei Dogi, a lagoon-side palazzo in Venice, will be renovated in the autumn for the first time in 20 years after a U.S. investment firm snapped up the debts of its family owners, confident of selling it and eight siste…
Academic behind Facebook breach says he is a ‘scapegoat’: BBC
LONDON (Reuters) – A Cambridge University academic who harvested data on millions of Facebook users said he has been made a scapegoat by the social network and a UK-based political consultancy that is accused of trying to sway public opinion for Donald…
