Uber breach, cover-up trigger government probes around the globe
TORONTO (Reuters) – Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the …
Peter Thiel sells most of remaining Facebook stake
(Reuters) – Facebook Inc’s first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.
Keystone clean-up to last several weeks, line restart unclear
NEW YORK/CALGARY (Reuters) – The clean-up of an oil spill from TransCanada Corp’s Keystone pipeline may last several weeks, South Dakota’s environmental regulator said on Wednesday, but it is still unclear when the key artery will restart.
Wall Street flat as Fed minutes draw near
(Reuters) – U.S. stocks treaded water on Wednesday as technology and energy stocks battled for influence, ahead of the release of the minutes of the Federal Reserve’s latest policy meeting at 2:00 p.m. ET.
Exclusive: SAP says executive resigns amid Gulf region sales probe
DUBAI/LONDON (Reuters) – SAP is investigating sales practices in its Gulf region after executives in charge of its dealings in the region had resigned or been put on administrative leave, the German business software giant said on Wednesday.
P&G continues to review vote tally as Peltz awaits board seat
(Reuters) – Procter & Gamble Co is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat.
Rockwell Automation rebuffs Emerson’s latest $29 billion bid
(Reuters) – Rockwell Automation Inc rejected Emerson Electric Co’s sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world’s largest factory equipment makers.
Exclusive: SAP says top Gulf executives out; source says Iran compliance at issue
FRANKFURT (Reuters) – SAP faces fresh questions about its sales practices in emerging markets after executives in charge of its business dealings with Iran have resigned or been put on administrative leave recently, the German business software said o…
Crude price jump helps Wall Street offset tech losses
(Reuters) – Wall Street indexes treaded water, staying near record levels, in late morning trading on Wednesday as technology and energy stocks battled for influence and investors awaited the minutes of the Federal Reserve’s latest policy meeting.
Deutsche Bank strategist tells investors to avoid bitcoin
FRANKFURT (Reuters) – Deutsche Bank has joined the ranks of those warning about the virtual currency bitcoin as an investment.
