Facebook must face renewed privacy lawsuit over user tracking
A federal appeals court on Thursday revived nationwide litigation accusing Facebook Inc of violating users’ privacy rights by tracking their internet activity even after they logged out of the social media website.
Mnuchin, Kudlow say U.S. economy could open in May, defying experts
The Trump administration’s top economic officials said on Thursday they believe the U.S. economy could start to reopen for normal business in May, despite health experts’ emphasis on prolonged social distancing measures to defeat the coronavirus.
Trump administration official says U.S. welcomes reports of OPEC+ oil cut deal
The United States welcomed on Thursday reports that OPEC and its allies agreed in principal to reduce oil production by 10 million barrels per day (bpd), a senior Trump administration official said on Thursday.
Instant View: OPEC+ cuts will not be enough to halt oil collapse – analysts
OPEC and other major oil producers on Thursday said they would cut output by 10 million barrels per day for two months in the face of a huge fall in demand due to the coronavirus crisis.
Caterpillar seeks fresh $3 billion loan to boost liquidity: source
Caterpillar Inc is in talks with banks for a fresh $3 billion nine-month revolving credit facility, a person familiar with the matter said on Thursday.
Investors caution cement, steel firms on EU climate lobbying
Cement and steel companies are being warned by investors over their lobbying on planned European Union carbon costs, saying they are effectively asking to be compensated twice over.
Global stock markets jump on Fed stimulus, oil pulls back from earlier surge
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier s…
BlackRock CEO Larry Fink’s pay fell 8.4% in 2019: filing
BlackRock Inc , the world’s largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 8.4% in 2019, a second straight year of decline, according to a filing on Thursday.
GM plans to extend shutdown of Brazil auto production by 60 days
(This April 9 story corrects start date of production shutdown to March 23, with furloughs starting on March 30.)
Facebook sues Bangkok resident for selling fraudulent ad tools
Facebook Inc sued a Bangkok-based Indian man on Thursday for developing and marketing a software to bypass the social network’s advertising review process and deliver prohibited ads to users.
