Wall Street pares gains after U.S. indicts Russian nationals, entities
(Reuters) – U.S. stocks rose for a sixth straight session on Friday, putting the S&P 500 and the Nasdaq on course for their best week in more than six years, strengthening Wall Street’s pullback after a brutal selloff earlier this month.
Uber plans to sell Southeast Asia business to Grab: CNBC
(Reuters) – Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.
Facebook loses Belgian privacy case, faces fine of up to $125 million
BRUSSELS (Reuters) – A Belgian court threatened Facebook on Friday with a fine of up to 100 million euros ($125 million) if it continued to break privacy laws by tracking people on third-party websites.
GE faces shareholder lawsuit over insurance shortfall, SEC probe
NEW YORK (Reuters) – General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of …
Takata has resolved most objections to its U.S. bankruptcy: lawyer
WILMINGTON, Del (Reuters) – A lawyer for Takata Corp’s U.S. business, bankrupted by a recall of faulty air bags, indicated on Friday that the company is on the verge of receiving court approval for its reorganization and $1.6 billion sale of its non-ai…
Wall Street on course for sixth day of gains
(Reuters) – U.S. stocks rose on Friday, led by gains in technology and healthcare stocks, putting the main indexes on course for strong weekly gains as they bounced back from a brutal selloff earlier this month.
Starbucks executive Brotman who led mobile efforts leaving for J. Crew
LOS ANGELES (Reuters) – Starbucks Corp said on Friday that Adam Brotman, who spearheaded the coffee shop chain’s successful digital initiatives including mobile ordering and its loyalty program, is leaving for an executive position at J. Crew.
Intel hit with 32 lawsuits over security flaws
(Reuters) – Intel Corp said on Friday shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips.
Coca-Cola sales beat on strong sales of vitamin water, coffee
(Reuters) – Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, offsetting sluggish sales of fizzy drinks, sending its shares up as much as 2 percent.
Wall Street see-saws as momentum slows after five-day rally
(Reuters) – U.S. stocks swung between losses and gains on Friday as lower U.S. crude oil prices and disappointing earnings reports from Kraft Heinz and other consumer companies sapped some of the momentum built in the past five sessions.
