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Italy watchdog threatens Facebook with another fine over improper use of data

Italy's competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group's treatment of user data.



5 years ago

Intel's cloud growth lifts shares, fires up other chipmakers

Intel Corp's shares rose 5% on Friday after demand from data centers fired up the chipmaker's cloud business and allayed concerns of market share loss to rival AMD , lifting shares across the sector.



5 years ago

Nasdaq hits record high on Intel strength

The tech-heavy Nasdaq index hit a new high on Friday after a strong forecast from Intel and encouraging business activity data out of Europe, while concerns eased over the coronavirus outbreak in China.



5 years ago

Financier doubts add to Boeing's MAX headaches

To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment.



5 years ago

Bytedance's TikTok hires Microsoft IP chief as general counsel

Popular mobile video app TikTok said on Friday it has hired attorney Erich Andersen from Microsoft to serve as the company's global general counsel, reporting to president Alex Zhu.



5 years ago

JPMorgan hires senior tech executive from Goldman Sachs: memo

JPMorgan Chase & Co has hired senior banking technology executive Gavin Leo-Rhynie as head of engineering and architecture for the corporate and investment bank (CIB), according to a memo seen by Reuters.



5 years ago

U.S. Treasury Secretary Mnuchin expects next China trade talks in 'near future'

U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.



5 years ago

Dollar rises vs euro as European PMI data fails to impress

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future.



5 years ago

These plans aim to help struggling student loan borrowers. Here's what can go wrong

Some 8 million student loan borrowers are on income-driven repayment plans. The programs can lead to a knot of paperwork and pitfalls that can ding borrowers with extra costs or exclude them entirely.

5 years ago

Positive eurozone data pushes global equity markets higher

Global equity markets rebounded on Friday, with the U.S. Nasdaq Composite Index hitting a record high, as investors took in positive economic data from Europe and worried less about the potential economic toll of the coronavirus outbreak in China.



5 years ago

Oil falls below $61, heads for weekly loss on China virus concerns

Oil extended losses on Friday to trade below $61 a barrel, heading for a weekly decline as concern that the coronavirus in China may spread, curbing travel and oil demand, outweighed the impact of cuts to supply.



5 years ago

Take Five: When China sneezes

Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had by Friday killed 26 people and infected hundreds globally. That's actually reassuring when compared to the secretive handling of the 2003 SARS epidemic. And the World Health Organisation says while this is "an emergency in China", it's not of international concern yet



5 years ago

Intel's blockbuster results lift shares to dotcom peak, fire up sector

Intel Corp's shares hit their highest in nearly two decades on Friday after cloud computing demand fired up the chipmaker's data center business and allayed concerns of market share loss to rival AMD, lifting stocks across the sector.



5 years ago

New Huawei restriction in limbo after Pentagon disagrees with Commerce approach

The U.S. Commerce Department has put on hold a rule aimed at further reducing sales to China’s Huawei Technologies amid pushback from the Defense Department, people familiar with the matter said.



5 years ago

Tesla touts safeguards as senator urges company to rebrand 'Autopilot'

Tesla Inc touted safeguards to its driver assistance system "Autopilot" after a Democratic U.S. senator on Friday urged the automaker to rebrand the system because it has "an inherently misleading name."



5 years ago