Facebook nears ad-only business model as game revenue falls
SAN FRANCISCO (Reuters) – Facebook Inc’s growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and softwa…
Exclusive: Uber faces criminal probe over software used to evade authorities
SAN FRANCISCO (Reuters) – The U.S. Department of Justice has begun a criminal investigation into Uber Technologies Inc’s use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said….
Health insurers focused on 2018 unknowns for Obamacare market
NEW YORK (Reuters) – While attention is focused on Republicans’ fight to pass a bill to repeal Obamacare starting in 2019, health insurers are busy struggling with decisions they need to make now about how to price premiums and what markets they can af…
Delta apologizes for forcing family off flight
(Reuters) – Delta Air Lines apologized on Thursday after a couple said they were kicked off an overbooked flight with their two toddlers so their seats could be given to waiting passengers, the latest U.S. airline to apologize over incidents on board t…
U.S. government says it needs more time in MetLife ‘too-big-to-fail” case
WASHINGTON (Reuters) – The U.S. government on Thursday requested a 60-day pause in a case involving MetLife Inc , the country’s largest life insurer, and how regulators designate certain companies as “too big to fail,” a major reform arising from the 2…
Tesla in talks to resolve issues with legacy Grohmann clients
FRANKFURT (Reuters) – Tesla Inc said it is seeking to resolve outstanding issues with legacy customers of its Grohmann engineering unit after a takeover by the Silicon Valley-based carmaker resulted in a shift in management priorities toward Tesla proj…
Jay Clayton sworn in as chairman of the U.S. SEC
WASHINGTON (Reuters) – Wall Street attorney Jay Clayton was officially sworn in as chairman of the U.S. Securities and Exchange Commission by U.S. Supreme Court Justice Anthony Kennedy on Thursday, the agency announced.
Wal-Mart files patent for Amazon Dash rival
(Reuters) – Wal-Mart Stores Inc has applied for a patent to compete with Amazon.com Inc’s wifi-connected, one-button ordering device, Amazon Dash, according to data provider CB Insights.
Retailer Bebe avoids bankruptcy with landlord deals: sources
(Reuters) – Fashion chain Bebe Stores Inc has clinched deals with its landlords to close its approximately 180 stores, enabling it to avoid filing for bankruptcy and continue to sell merchandise online, people familiar with the matter said on Thursday…
Dip in Tesla’s customer deposits triggers worries over orders
(Reuters) – A 7 percent drop in Tesla Inc’s customer deposits in its latest quarter raised concerns about future sales at the U.S. luxury electric-car maker.
