Business & Finance News
BOSTON (Reuters) – Facebook Inc named a new director this month and timed his appointment to avoid a shareholder vote, raising concern among some investors who want to see more accountability from the social media company.
BRUSSELS (Reuters) – Facebook boss Mark Zuckerberg apologised to European Union lawmakers on Tuesday for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world’s biggest social media network.
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down as much as 8 percent to an all-time low.
(Reuters) – Several U.S. civil liberties groups on Tuesday complained that Amazon.com Inc’s real-time facial recognition system, Rekognition, is helping the government with surveillance targeting large crowds, violating civil and digital rights.
BRUSSELS (Reuters) – Facebook boss Mark Zuckerberg arrived to meet European Union lawmakers on Tuesday ready to apologise for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world’s biggest social media network.
WASHINGTON (Reuters) – The share of Americans who report they are doing “at least okay” financially rose in President Donald Trump’s first year in office, according to Federal Reserve data published on Tuesday.
(Reuters) – U.S. stocks edged higher on Tuesday, led by financial and energy stocks, as the United States and China made progress on ironing out their trade differences and reach an agreement.
BRUSSELS (Reuters) – Facebook boss Mark Zuckerberg has arrived to meet leaders of the European Parliament to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy.
WASHINGTON (Reuters) – U.S. lawmakers said on Tuesday they would try to stop President Donald Trump from easing penalties on Chinese telecommunications company ZTE Corp, saying the United States should not bow to pressure from Beijing to help the troubled firm as part of a possible trade deal.
MOSCOW (Reuters) – Igor Shuvalov, former first deputy prime minister, has been selected to become the new head of the Russian state development bank VEB, three sources familiar with the decision told Reuters.
NEW YORK (Reuters) – A former Valeant Pharmaceuticals International Inc executive and the former chief of mail order pharmacy Philidor Rx Services were found guilty on Tuesday of defrauding Valeant through a multimillion-dollar kickback scheme.
BRUSSELS (Reuters) – European Union proposals to open its markets wider to U.S. products, including cars, appear not to have persuaded Washington to lift the threat of import tariffs on EU steel and aluminum, the bloc’s trade chief said on Tuesday.
GENEVA (Reuters) – Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.
(Reuters) – British oil giant BP Plc said it plans to cut 3 percent of jobs in exploration and production, as part of a restructuring of its global upstream business to make the division more efficient and competitive.
(Reuters) – J.C. Penney’s Chief Executive Officer Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc , the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent.
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