Friday, 14 December 2018

Wall St. tumbles on global growth worries, J&J decline

Wall St. tumbles on global growth worries, J&J decline

Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.

Irish regulator investigates Facebook over private photo glitch

An Irish regulator said on Friday it was investigating Facebook Inc following the company's disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.

Air Berlin's administrator sues Etihad for up to 2 billion euros

German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.

Global growth worry hits stocks, but U.S. data lifts dollar

A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.

Intel, TPG in talks to sell McAfee to Thoma Bravo for over $4.2 billion: CNBC

Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.

J&J shares nosedive on report it knew of asbestos in Baby Powder

Shares of Johnson & Johnson fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder.

Exclusive: T-Mobile, Sprint see U.S. security approval for deal after Huawei concessions - sources

T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China's Huawei Technologies, people familiar with the matter told Reuters.

PG&E seeks 6.4 percent rate hike in 2020

(This Dec. 13 story corrects the rate-hike percentage to 6.4 from 12 in the headline and the first paragraph)

Canada says it agrees with U.S. on need to keep politics out of Huawei case

Canada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said.

U.S. says China should free Canadians held after Huawei arrest

U.S. Secretary of State Mike Pompeo on Friday said China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.

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