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Facebook shared data with Chinese telecom Huawei, raising US government security concerns
Concerns around Facebook’s recently revealed data sharing relationship with …read more […]
Year: 2018
Business News
U.S. oil prices inch up on fall in local crude stockpiles
TOKYO (Reuters) – U.S. oil prices edged up in early Asian trade on Wednesday to move away from lows hit in the previous session, buoyed after industry data showed a decline in U.S. crude inventories.
Business News
Asia stocks edge up as techs lift Wall Street, Italy still a worry
TOKYO (Reuters) – Asian stocks edged up on Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
Business News
Tronc’s top shareholder terminates sale of stake to McCormick Media
(Reuters) – Newspaper publisher Tronc Inc’s top shareholder said in a filing http://services.corporate-ir.net/SEC.Enhanced/SecCapsule.aspx?c=254385&fid=15681381 on Wednesday that it had terminated the sale of a stake in the company after the prospective buyer, investor group McCormick Media, breached its obligations.
Business News
Tesla ‘quite likely’ to meet Model 3 goal; Musk remains chairman
SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was “quite likely” as the company’s production lines were now demonstrating the ability to build 3,500 vehicles per week.
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Apple's amazing AirPods are taking a baby step towards their full potential (AAPL)
Apple will reportedly add Live Listen technology to its AirPods later this year. The addition of Live Listen to the AirPods was first reported by TechCrunch earlier on Tuesday. The AirPods, which have been hailed as one of Apple’s greatest inventions in recent memory, will expand the reach of Live Listen, and let far more people take advantage of a potentially very handy feature. …read more […]
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Business News
Northrop Grumman wins U.S. antitrust approval to buy Orbital ATK
WASHINGTON (Reuters) – U.S. defense contractor Northrop Grumman won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK, Inc , with conditions, the Federal Trade Commission said on Tuesday.
Business News
Tesla’s Musk says ‘quite likely’ will meet Model 3 goal; directors re-elected
(Reuters) – Tesla Inc Chief Executive Elon Musk said on Tuesday that a goal of building 5,000 Model 3s per week by the end of June was “quite likely” as the company’s production lines were now demonstrating the ability to build 3,500 vehicles per week.
Business News
Tesla shareholders defeat proposal to separate Musk’s roles
(Reuters) – Tesla shareholders at an annual meeting on Tuesday re-elected three directors and voted against a proposal to split the chairman and chief executive jobs, both of which billionaire Elon Musk holds.
Trading Ideas
Amazon goes all-in on Jordan Peele's TV shows
Amazon has signed a deal with Jordan Peele, the New York Times reports, that, …read more […]
Business News
HP sees up to 5,000 job cuts as part of restructuring plan
(Reuters) – HP Inc now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday.
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Mercedes-Benz subscription service launches with pricing between $1,000 and $3,000 a month
The program is only available in Nashville and Philadelphia for now …read more […]
Business News
U.S. retailers, restaurants say tax law ‘drafting error’ delays investments
WASHINGTON (Reuters) – A coalition of retailers and restaurants on Tuesday asked the U.S. Congress to fix a “drafting error” in December’s tax-cut bill that they said is deterring companies from investing in their stores.
Business News
America Movil to launch new U.S. unit for business clients
MEXICO CITY (Reuters) – Mexican telecommunications company America Movil, controlled by the family of Mexican billionaire Carlos Slim, is launching a U.S.-based unit that will offer information technology and communications to business customers, according to a source and a document on the company’s website.