Facebook Inc on Thursday launched a catalog feature for its WhatsApp messaging app, it said in a blog post, building out the service’s e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.
Facebook Inc on Thursday launched a catalog feature for its WhatsApp messaging app, it said in a blog post, building out the service’s e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion. Facebook has been trying to boost revenue from higher-growth units like Instagram and Whatsapp, which has 1.5 billion users. The move comes after Facebook added a shopping feature to Instagram in March that lets users click a “checkout” option on items tagged for sale and pay for them directly within the app. …read more […]
Citigroup Inc and Deutsche Bank AG may cross-examine four antitrust investigators involved in a criminal cartel prosecution against them, an Australian court ruled on Friday, a win for the defence in a closely watched legal battle.
Two Democratic U.S. lawmakers said on Thursday the Federal Aviation Administration overruled agency technical specialists on two Boeing Co safety issues involving the 737 MAX and the 787 Dreamliner jets that they said could be “potentially catastrophic.”
World stocks rallied to near record highs on Friday after China said it had agreed with the United States to cancel tariffs in phases, a key demand of Beijing for sealing a deal to end a trade war that has slowed economic growth and roiled markets.
Disney’s better-than-expected fiscal fourth quarter financial results and Gap’s c-suite shakeup will take the spotlight Friday. …read more […]
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.
China and the United States have agreed to roll back tariffs on each others’ goods in a “phase one” trade deal if it is completed, officials from both sides said on Thursday, sparking division among some advisers to President Donald Trump.
The United States is “very, very optimistic” about reaching a trade deal with China soon, White House spokeswoman Stephanie Grisham told Fox News Channel in an interview on Thursday.
Some Wall Street investors and Democratic donors sharply criticized progressive firebrand Elizabeth Warren’s policies on issues from taxation to affordable healthcare because they are impractical.
The U.S. Justice Department has issued civil subpoenas to four major automakers, demanding that they disclose details on a deal struck with California in July to follow strict vehicle emissions standards, a source briefed on the matter said on Thursday.
The issues involve the 737 MAX rudder cable and lightning protection for fuel tanks on the 787 Dreamliner. Representative Peter DeFazio, who chairs the House of Representatives Transportation and Infrastructure Committee, and Representative Rick Larsen, who chairs the aviation subcommittee, said in a letter to FAA Administrator Steve Dickson that FAA management ultimately overruled the technical specialists after Boeing objected. …read more […]
Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.
Walt Disney Co’s popular theme parks and a remake of “The Lion King” pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment.
The Port of Los Angeles, the nation’s busiest for ocean trade with China, processed fewer containers of imported and exported goods in October as the U.S.-China trade war roils the domestic economy and global supply chains.
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