Lyft buys digital car-top advertising startup Halo Cars
Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles.
Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol
Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting.
U.S. authorities to announce deal over Wells Fargo’s sales practices scandal: sources
U.S. authorities will soon announce a settlement related to Wells Fargo’s multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank.
Timberland sees eco-green with slower delivery speeds
Outdoor apparel retailer Timberland is testing online shoppers’ willingness to help the environment by slowing down delivery as Amazon.com drives retailers toward pricier, more polluting one-day shipping.
Encryption on Facebook, Google, others threatened by planned new bill
U.S. legislation will be introduced in the coming weeks that could hurt technology companies’ ability to offer end-to-end encryption, two sources with knowledge of the matter said, and it aims to curb the distribution of child sexual abuse material on …
Coronavirus fears weigh on U.S. manufacturing, services sectors
U.S. manufacturing and services sectors activity stalled in February amid growing concerns about the deadly coronavirus’ impact on the economy, boosting investor demand for safe-haven assets like government bonds.
Elon Musk’s SpaceX to raise $250 million, valuing it at $36 billion: CNBC
Elon Musk’s SpaceX is looking to raise about $250 million, taking the private rocket company’s valuation to about $36 billion, CNBC reported on Friday, citing people familiar with the financing.
New York Times plans to name Meredith Kopit Levien as next CEO: Bloomberg News
New York Times Co is expected to name company insider Meredith Kopit Levien as its next chief executive officer to succeed Mark Thompson, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-02-21/new-york-times-poised-to-name-meredith…
Deere’s shares hit five-year high on unexpected rise in quarterly profits
Deere & Co’s shares soared on Friday to their highest level in at least five years after it reported an unexpected increase in first-quarter profit and retained full-year earnings forecast as signs of stabilization in the U.S. farm sector offset weak demand for construction machines.
UniCredit may make announcement later on Friday on CEO Mustier’s future: sources
Italy’s biggest bank UniCredit may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC .
