Monday, 12 February 2018

Tech, financials lead Wall Street higher at the open

Tech, financials lead Wall Street higher at the open

(Reuters) - Wall Street's main indexes opened higher on Monday, led by technology and financial stocks, as they attempt to bounce back from their worst week in two years.

A culprit for financial site glitches: you and your apps

BOSTON (Reuters) - Jittery investors and their smartphones stressed out leading U.S. online financial sites last week as heavy volatility shook markets, technology analysts said.

Data overload: commodity hedge funds close as computers dominate

LONDON (Reuters) - "Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel.

New York sues Weinstein Co., Harvey Weinstein over sexual misconduct

NEW YORK (Reuters) - New York's attorney general sued the Weinstein Company and Harvey Weinstein on Sunday alleging years of sexual harassment and misconduct by the movie producer, in a move that could jeopardize talks on a potential sale of the studio.

German court rules Facebook use of personal data illegal

BERLIN (Reuters) - A German consumer rights group said on Monday that a court had found Facebook's use of personal data to be illegal because the U.S. social media platform did not adequately secure the informed consent of its users.

Comcast mulling new bid for Fox assets: sources

(Reuters) - Comcast Corp is considering a new offer for Rupert Murdoch's Twenty-First Century Fox assets, despite an agreement in December to sell them to Walt Disney Co for $52.4 billion, according to people familiar with the matter.

Exclusive: Amazon paid $90 million for camera maker's chip technology - sources

SAN FRANCISCO (Reuters) - Amazon.com Inc paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup's energy-efficient chips, people familiar with the matter told Reuters.

Fox commits to Sky News independence to try to secure Sky deal

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox said it would commit to maintain Sky News in Britain for at least five years and would establish an independent board for the channel to try to secure its takeover of pay-TV operator Sky .

Qualcomm, Broadcom plan to meet on February 14: sources

(Reuters) - Qualcomm Inc and Broadcom Ltd plan to meet on Wednesday to talk about the latter's $121 billion acquisition offer, the first time the semiconductor companies will discuss the potential deal, people familiar with the matter said.

Ford revs up large SUV production to boost margins, challenge GM

LOUISVILLE (Reuters) - Ford Motor Co said on Monday it will boost production targets for two large sport utility vehicles by 25 percent this year to challenge rival General Motors Co's hegemony in a highly profitable U.S. market segment and boost its own anemic profit margins.

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