Monday, 22 July 2019

Daily Investor Update: Trump expected to attend White House tech meeting where Huawei will be discussed: sources

Reuters.com Newsletter

Trump expected to attend White House tech meeting where Huawei will be discussed: sources

U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the chief executives of Intel Corp and Broadcom Inc, held to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.

Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg

Blackstone Group Inc is considering selling its stake in LNG producer Cheniere Energy Inc's limited partnership seven years after investing about $1.5 billion, Bloomberg reported on Monday, citing people familiar with the matter.

Lloyds and Standard Life Aberdeen to settle 100 billion sterling funds row: Sky News

Lloyds Banking‎ Group PLC will pay about 140 million pounds ($174.72 million) to Standard Life Aberdeen PLC (SLA) to settle a legal fight over the future of a 100 billion pound asset management mandate, Sky news reported on Monday.

Philadelphia Energy Solutions files for bankruptcy after refinery fire

Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.

Facebook, Amazon and Alphabet take center stage on Wall Street

The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.

Huawei executive says 'concerned' about Canadians held in China

The Canadian unit of China's Huawei Technologies Co Ltd sought to distance itself from the actions of the Chinese government on Monday, with a top local executive saying the company is worried about two Canadian men being held by Beijing.

S&P 500 climbs toward record, marquee reports in focus

The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.

Equifax's $700 million data breach settlement spurs calls for new rules

Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.

Factbox: Biggest U.S. data breach settlements before Equifax

The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers' personal information.

FTC to announce $5 billion settlement with Facebook as early as this week: sources

The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company's handling of user data, two sources briefed on the matter said on Monday.

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