Monday, 9 April 2018

CEO Zuckerberg says Facebook could have done more to prevent misuse

CEO Zuckerberg says Facebook could have done more to prevent misuse

WASHINGTON (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg met U.S. lawmakers individually on Monday and told Congress in written testimony that the social media network should have done more to prevent itself and its members' data being misused.

Wall Street rises on softer U.S. stance on China trade

(Reuters) - Wall Street's major indexes rose on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week's sell-off, though stocks pared gains in the final minutes of the trading session.

Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses - sources

WASHINGTON (Reuters) - The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge of the plans.

Bayer reaches deal with U.S. for approval to buy Monsanto: WSJ

(Reuters) - German drugs and pesticides group Bayer AG has reached a deal with the U.S. Justice Department for antitrust approval for its $62.5 billion bid to acquire Monsanto Co by agreeing to sell additional assets, The Wall Street Journal reported on Monday.

Viacom asks CBS to raise its bid by $2.8 billion: sources

(Reuters) - Viacom Inc has asked CBS Corp to sweeten its merger bid by about $2.8 billion, or almost a quarter more than CBS's offer, three people familiar with the matter said, indicating the wide gap in the U.S. media companies' price expectations.

Merck's Keytruda helps lung cancer patients live longer in trial

(Reuters) - Merck & Co's blockbuster drug Keytruda helped previously untreated lung cancer patients live longer in a late-stage trial, potentially cementing its position as the dominant player in the lucrative lung cancer market.

Tesla to recall 8,898 vehicles in China from June 28: China quality watchdog

BEIJING (Reuters) - China's quality watchdog said on Monday that Tesla Inc will recall a total of 8,898 Model S vehicles in the country starting on June 28, as part of a broader, global recall announced last month.

Trans Mountain pipeline halt worries Canadian business

(Reuters) - Business groups and local officials called on Monday for Canada's government to guarantee an expansion of the Trans Mountain pipeline is completed, after operator Kinder Morgan Canada halted most work on the C$7.4 billion ($5.83 billion) project.

China blames U.S for trade frictions, says negotiations currently impossible

BOAO/BEIJING, China (Reuters) - China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under "current circumstances".

Deutsche Bank's new CEO takes sober look at 'ugly' investment bank

FRANKFURT (Reuters) - Deutsche Bank's new chief executive faces the same strategic problem that has long preoccupied its top management - whether or not to override the rainmakers and big earners at its powerful investment bank to shrink that business.

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