Business & Finance News
U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder.
The daughter of ousted Nissan chairman Carlos Ghosn early on Friday retrieved documents and cash from a corporate apartment in Rio de Janeiro, capping a legal battle over the items, which the carmaker maintains may contain evidence of wrongdoing.
The U.S. economy is growing at a 2.42 percent pace in the fourth quarter as stronger-than-expected November data on industrial output offset the steepest drop in import prices in over three years last month, the New York Federal Reserve’s Nowcast model showed on Friday.
Facebook Inc said it had fixed a bug that may have exposed private photos of up to 6.8 million users, the latest in a string of glitches that have caused regulators around the world to investigate the social media giant’s privacy practices.
French President Emmanuel Macron said on Friday that Ford’s decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was actively seeking a buyer for the site.
Huawei [HWT.UL] faces fresh challenges in Europe after Germany’s Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to darken.
U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks.
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to end production at auto plants and cut thousands of jobs as it shrinks passenger car production in North America.
London Stock Exchange Group Plc said on Friday Chairman Donald Brydon would be replaced by Donald Robert, chairman of the world’s biggest credit data firm Experian Plc .
U.S. stocks opened sharply lower on Friday as weak economic data from China and Europe exacerbated global growth fears and added to nerves over the U.S.-China trade talks.
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy.
U.S. industrial output rose in November as a jump in mining and utilities production was offset by drops in other sectors including business equipment and construction.
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