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Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate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