Wednesday, 11 April 2018

Zuckerberg tangles with Congress on control of Facebook data

Zuckerberg tangles with Congress on control of Facebook data

WASHINGTON/SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Wednesday sparred with lawmakers over how much control users of the world's largest social media network have over their data in a sometimes fractious five-hour hearing.

JPMorgan sued over fees for cryptocurrency purchases

NEW YORK (Reuters) - JPMorgan Chase & Co has been hit with a lawsuit in Manhattan federal court accusing it of charging surprise fees when it stopped letting customers buy cryptocurrency with credit cards in late January and began treating the purchases as cash advances.

Federal Reserve policymakers all saw strengthening economy, inflation: minutes

WASHINGTON (Reuters) - All of the Federal Reserve's policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank's last policy meeting on March 20-21 released on Wednesday showed.

Exclusive: Tesla targets November 2019 for start of Model Y production - sources

SAN FRANCISCO (Reuters) - Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its resources and capacity.

Wall Street falls on Syria, interest rate worries

NEW YORK (Reuters) - Wall Street fell on Wednesday as possible U.S. military action against Syria stoked investor concerns about geopolitical risks and minutes from the latest Federal Reserve meeting sparked worries about a more hawkish view on interest rate increases.

Economist tells U.S. judge AT&T-Time Warner deal would harm consumers

WASHINGTON (Reuters) - The U.S. Justice Department called an economist on Wednesday to testify that allowing AT&T to purchase movie and TV production company Time Warner would cost consumers hundreds of millions of dollars, as the government wrapped up its efforts to convince a judge to stop the proposed deal.

Toys 'R' Us gets $1 billion bids for 85 percent of Asian business: lawyer

(Reuters) - Retailer Toys 'R' Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business as the bankrupt company moves ahead with plans to sell some non-U.S. operations, its lawyer Joshua Sussberg said on Wednesday.

Redstone weighs CBS-Viacom merger with or without Moonves

NEW YORK (Reuters) - As she seeks to combine CBS Corp and Viacom Inc into a single company, media mogul Shari Redstone risks losing her most talented executive, whose leadership could be critical to ensuring the proposed merger succeeds.

Family of Tesla crash driver hires law firm, questions autopilot

(Reuters) - The family of a driver killed in a Tesla car crash has hired law firm Minami Tamaki LLP to explore legal options, the law firm said on Wednesday, adding the Autopilot feature in the electric carmaker's vehicle probably caused his death.

Uber wants to do it all: ride-share, car-share, train tickets

WASHINGTON (Reuters) - Uber Technologies Inc [UBER.UL] is looking to be virtually a one-stop transportation shopping app, saying on Wednesday it will add new services, including car-sharing and train tickets.

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