Asian shares fall as Facebook data flap spooks tech stocks
TOKYO (Reuters) – Asian shares fell on Tuesday after investors took profits in high-flying U.S. technology shares on fears of stiffer regulation as Facebook came under fire following reports it allowed improper access to user data.
Weinstein Company to file bankruptcy as soon as Monday: source
NEW YORK (Reuters) – U.S. film and TV studio The Weinstein Company plans to file for bankruptcy in Delaware as soon as Monday night with an offer for the company in hand from private equity firm Lantern Capital, a person familiar with the matter said.
U.S. bans transactions with Venezuela’s digital currency
WASHINGTON (Reuters) – President Donald Trump on Monday signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s …
Facebook under pressure as U.S., EU urge probes of data practices
(Reuters) – British privacy regulators are seeking a warrant to search the offices of the political consultancy Cambridge Analytica late Monday following reports that the company may have improperly gained access to data on 50 million Facebook users, a…
BlackBerry must face revived U.S. lawsuit over BlackBerry 10
NEW YORK (Reuters) – A U.S. judge on Monday rejected BlackBerry Ltd’s request to dismiss a lawsuit claiming it inflated its stock price and defrauded shareholders by painting a misleadingly positive picture of sales prospects for its BlackBerry 10 smar…
Kroger’s Fred Meyer plans to phase out firearms business
(Reuters) – Kroger Co’s superstore chain Fred Meyer said it would exit its firearms business, two weeks after deciding to stop selling guns and ammunition to those under the age of 21.
Whole Foods calls supplier summit amid Amazon angst
LOS ANGELES/NEW YORK (Reuters) – Whole Foods will host a summit on Tuesday for up to 200 of its suppliers, amid anxiety about how its ongoing business revamp will play out under new owner Amazon.com .
Self-driving Uber car kills Arizona woman crossing street
TEMPE, Ariz./SAN FRANCISCO (Reuters) – An Uber self-driving car hit and killed a woman crossing the street in Arizona, police said on Monday, marking the first fatality involving an autonomous vehicle and a potential blow to the technology expected to …
McDonald’s agrees settlement in franchisees’ U.S. labor case
(Reuters) – McDonald’s Corp said on Monday it had agreed to settle a U.S. labor board case on whether the company is accountable for its franchisees’ alleged labor law violations.
Wall Street drops as regulation worry sinks tech shares
NEW YORK (Reuters) – U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.
