McDonald’s proposes settlement in U.S. labor board case: source
(Reuters) – McDonald’s Corp on Monday said it had agreed to settle a U.S. labor board case on whether the company is accountable for its franchisees’ alleged labor law violations, according to a source involved in the case.
Dropbox IPO oversubscribed: sources
(Reuters) – Cloud storage company Dropbox Inc’s initial public offering was oversubscribed, two people familiar with the matter said on Monday, indicating healthy demand for the first big tech IPO this year even as tech stocks opened the week on sour n…
U.S. blocks use of Venezuela’s digital currency: White House
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.
Woman dies in Arizona after being hit by Uber self-driving car
SAN FRANCISCO (Reuters) – A woman died from her injuries after being struck by a Uber [UBER.UL] self-driving vehicle in Arizona, police said on Monday morning, and Bloomberg reported that the ride hailing company had suspended its autonomous vehicle pr…
Facebook under pressure as EU, U.S. urge probes of data practices
(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg faced calls on Monday from U.S. and European lawmakers to explain how a consultancy that worked on President Donald Trump’s election campaign gained access to data on 50 million Facebook users.
Volkswagen to announce $340 million Tennessee investment to build new SUV: source
WASHINGTON (Reuters) – Volkswagen AG will announce on Monday that it plans to invest $340 million to build a new sport utility vehicle at its Chattanooga, Tennessee, plant in the United States as demand surges for larger vehicles, according to a perso…
Wall Street slides as Facebook data issue pounds tech sector
(Reuters) – U.S. stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks.
ADM restructures business groups as sector grain margins falter
(Reuters) – Archer Daniels Midland Co said on Monday that it would restructure its business units, and named several new division heads, as the U.S. agricultural merchant continues to fight against tight margins in the grains sector.
Trial kicks off in U.S. challenge to AT&T, Time Warner merger
WASHINGTON (Reuters) – A trial that could shape the future of U.S. media ownership kicks off in Washington this week as the Department of Justice seeks to block AT&T Inc’s $85 billion acquisition of Time Warner Inc.
British prime minister very concerned by Facebook data abuse reports
LONDON (Reuters) – Britain is very concerned by allegations that the British data firm Cambridge Analytica exploited data on millions of Facebook users without their authorization in election campaigns, a spokesman for Prime Minister Theresa May said o…
