Yahoo says all 3 billion accounts hacked in 2013 data theft
(Reuters) – Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure …
Less than 18 percent of global stocks owned by index investors: BlackRock
NEW YORK (Reuters) – Less than 18 percent of the global stock market is owned by index-tracking investors, according to a new estimate from BlackRock Inc , as it suggested that passive investing plays only a limited role in setting equity prices.
Ford to cut costs $14 billion, invest in trucks, electric cars: CEO
DETROIT (Reuters) – Ford Motor Co plans to slash $14 billion in costs over the next five years, Chief Executive Officer Jim Hackett told investors on Tuesday, adding that the No. 2 U.S. automaker would shift capital investment away from sedans and int…
Uber CEO tackles challenges with board battle, London regulator
SAN FRANCISCO (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi, little more than a month on the job, on Tuesday addresses two big challenges – London’s threat to ban the ride-hailing service and a board battle over the influence of c…
Yahoo says all 3 billion accounts affected in 2013 hack
(Reuters) – Yahoo, now part of Verizon Communications Inc , said on Tuesday that all of its 3 billion user accounts were affected in the August 2013 data theft, following an investigation involving forensic experts.
Major indexes hit record highs second day; autos, airlines jump
NEW YORK (Reuters) – The three major U.S. stock indexes and the Russell 2000 posted record high closes for the second straight day on Tuesday, helped by gains in airlines and as carmakers rose after strong September vehicle sales.
Senators grill Wells Fargo CEO over scandal, forced arbitration
(Reuters) – U.S. senators slammed Wells Fargo & Co Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue.
Hurricane recovery helps boost U.S. September new auto sales
DETROIT (Reuters) – Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit so…
Goldman CEO keeps open mind on digital currency bitcoin
(Reuters) – Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies.
Wall St. gains; autos rise after sales data
NEW YORK (Reuters) – U.S. stocks rose on Tuesday, helped by gains in Ford Motor and General Motors after strong September vehicle sales.
