erikbarkinly

[erikbarkinly]

Facebook's settlement with U.S. regulators likely to include WhatsApp: WSJ

Facebook Inc's potential settlement with U.S. regulators over breaches of consumer data privacy is nearing completion, and the agreement will likely include its WhatsApp messaging service, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

https://reut.rs/2UTW0Bv

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Trump Fed pick says he would win Senate backing if debate were over policy

President Donald Trump's pick for a Federal Reserve Board seat, economic commentator Stephen Moore, said on Thursday he would win the Senate's needed backing for the post if the debate over his prospective nomination were about policy, Bloomberg Television reported.

https://reut.rs/2UVBUqF

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Moore, under fire, withdraws from bid for Fed post

Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women.

https://reut.rs/2ZT30m7

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U.S. Justice Department asks for hearing in Qualcomm antitrust case

The U.S. Department of Justice asked a federal judge on Thursday to hold a hearing on any possible remedies to be imposed if mobile chip supplier Qualcomm Inc is found liable in an antitrust lawsuit brought by the U.S. Federal Trade Commission.

https://reut.rs/2ZR0UD0

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Elon Musk owes $507 million to banks helping Tesla raise capital

Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday.

https://reut.rs/2ZR1bpw

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Berkshire Hathaway has been buying Amazon shares: CNBC

Berkshire Hathaway Inc has been buying shares of Amazon.com Inc, according to Chief Executive Officer Warren Buffett, CNBC reported on Thursday.

https://reut.rs/2ZTvrjx

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Tesla seen finding ample appetite for its newest convertible bond

Tesla Inc should find no shortage of demand for the $1.35 billion convertible bond the electric carmaker is selling even though the terms it is offering look inferior on paper to a similar deal two years ago, bond investors said Thursday.

https://reut.rs/2Wmp99Z

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Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines.

https://reut.rs/2UX9xIL

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Uber sued by thousands of Australian taxi drivers in class action

An Australian law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world's largest ride-hailing company of operating illegally and causing them financial harm.

https://reut.rs/2Y8rPJ7

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PG&E says SEC investigating it for disclosures, losses for wildfires

PG&E Corp said on Thursday the U.S. Securities and Exchange Commission is investigating the company regarding public disclosures and losses related to wildfires.

https://reut.rs/2JbMd7N

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Microsoft rolls out new cloud services for AI and blockchain

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.

https://reut.rs/2DMaf5J

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Activision forecast miss clouds esports push, shares drop

Activision Blizzard Inc forecast second-quarter adjusted profit below estimates on Thursday, as the videogame maker puts more money into its franchises to battle competition from blockbuster games "Fortnite" and "Apex Legends".

https://reut.rs/2IWBkYg

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Beyond Meat's share price more than doubles in vegan burger maker's IPO

Shares of vegan burger maker Beyond Meat Inc rose more than 160 percent in their market debut on Thursday, as investors look to cash in on the first publicly listed veggie meat company and the growing popularity of plant-based meat alternatives.

https://reut.rs/2PJr2Lm

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CBS sees ad prices rising for the fall season

CBS Corp sees advertising prices rising for its slate of TV shows in the upcoming fall programming season, executives said, as the TV broadcaster and media company on Thursday reported first-quarter revenue falling short of analysts' estimates from weaker content licensing and distribution sales.

https://reut.rs/2VcDYj8

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GM considers investing $1 billion in its Missouri plant, state officials say

General Motors Co is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday.

https://reut.rs/2WoxTfW

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Facebook's potential settlement with FTC will likely include WhatsApp: WSJ

Facebook Inc's potential settlement with federal regulators over breaches of consumer data privacy is nearing completion, and will likely cover related services like its WhatsApp messenger, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

https://reut.rs/2V8ZJ3g

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Bombardier to shed Belfast factory in revamp, shares slide on forecast fears

Bombardier put its Belfast wing-making factory on the block as part of a wider shake-up, while the plane and train maker's reluctance to say it would meet 2020 goals sent shares lower.

https://reut.rs/2VGRJpF