Fork talk lifts bitcoin to all-time high near $8,000
LONDON (Reuters) – Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.
Wireless carriers on mute as Supreme Court hears big privacy case
WASHINGTON (Reuters) – The U.S. Supreme Court is set to consider a major cellphone privacy case later this month, but leading players in the wireless industry that is at the center of the closely watched dispute are keeping their distance.
Analysts flee Wall Street with gallows humor as research changes loom
(Reuters) – Having covered financial stocks at big and small banks for more than two decades, David Hilder was accustomed to the ebb and flow of Wall Street job cuts and hiring sprees.
World stocks claw back losses but set for second weekly fall
LONDON (Reuters) – World stocks clawed back more losses on Friday after spending much of the week in the red, helped by signs of progress in U.S. tax reform and strong corporate results, though many hurdles remain to secure passage of a tax cut deal.
Ford to invest over 750 million euros in Valencia plant
MADRID (Reuters) – U.S. car manufacturer Ford announced on Friday it would invest more than 750 million euros ($885 million) in its Spanish plant in the eastern region of Valencia to produce the new model of its Kuga SUV.
Volkswagen board discusses 70 billion euro spending plan: source
FRANKFURT (Reuters) – Volkswagen’s supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to transform the group into a leader in electric cars, a person familiar with the talks told Reuters.
China faces waste hangover after Singles’ Day buying binge
SHANGHAI (Reuters) – China’s Singles’ Day online discount sales bonanza on Saturday saw bargain-hungry buyers spend over $38 billion, flooding the postal and courier businesses with around 331 million packages – and leaving an estimated 160,000 tonnes …
Nissan blames staff shortage for improper tests, plans more inspectors
YOKOHAMA (Reuters) – Nissan Motor Co Ltd on Friday blamed a staff shortage for improper final inspections at its car plants in Japan for over 20 years, and said it would increase the number of trained staff as part of a plan to improve compliance.
Japanese regulators raid Airbnb over suspected antitrust practices
TOKYO (Reuters) – Japanese fair trade regulators raided last month the offices of Airbnb Inc over suspected violations of antitrust laws, the home rental site said on Friday, denying any wrongdoing.
Asian shares gain, Mueller report hits dollar
TOKYO (Reuters) – Asian shares clawed back most of their weekly loss after rising firmly on Friday as strong Wall Street earnings and a step forward on U.S. tax reform brightened the mood, though many hurdles remain to secure passage of a tax cut deal….
