Thursday 20 August 2020

Daily Investor Update: Former Uber chief security officer charged: U.S. Justice Department

Reuters.com Newsletter

Former Uber chief security officer charged: U.S. Justice Department

A former chief security officer for Uber Technologies , Joseph Sullivan, was charged on Thursday with obstruction of justice for allegedly attempting to cover-up a hack of the ride-hailing company, the U.S. Justice Department said in a statement.

Tesla seeks approval for sensor that could detect child left in hot cars

Tesla Inc. asked the Federal Communications Commission (FCC) for approval to market a short-range interactive motion-sensing device that could help prevent children from being left behind in hot cars and boost theft-prevention systems.

Last-minute California court ruling paves way to stave off Uber, Lyft shutdown

A California appeals court on Thursday avoided a shutdown of ride-hailing services in the state by halting a lower court order that would have forced Uber Technologies Inc and Lyft Inc to treat their drivers as employees.

Fed Chair Powell to speak on Fed's framework review next Thursday

Federal Reserve Chair Jerome Powell could deliver a sneak peak into the U.S. central bank's efforts to revamp its approach to monetary policy next Thursday when he addresses the Kansas City Fed's annual central banking conference.

Facing Trump criticism, Goodyear says employees can wear clothes supporting police

Goodyear Tire Chief Executive Rich Kramer said on Thursday the company had clarified its policy to make clear employees can wear apparel expressing support for law enforcement after it faced a boycott call from U.S. President Donald Trump.

Uber, Lyft not immediately forced to treat California drivers as employees: court

A California appeals court on Thursday halted a court order that would have forced Uber Technologies Inc and Lyft Inc to treat their drivers as employees, rather than independent contractors beginning Friday.

Oil falls and stocks retrace decline on U.S. recovery concerns

Oil prices fell, the dollar eased and equities rose, reversing earlier declines on Thursday as the near-term U.S. economic outlook dimmed and concerns mounted about excess crude stocks.

Tesla's soaring stock cracks $2,000 ahead of share split

Shares of Tesla surged past the $2,000 mark on Thursday for the first time as the electric car maker extended its recent rally ahead of an upcoming share split.

News publishers seek more favorable terms in Apple's app store: WSJ

Major news organizations are joining other companies in pushing for more favorable terms on Apple Inc's app store, the Wall Street Journal reported on Thursday, citing a letter.

U.S. judge narrows SEC lawsuit against VW over diesel emissions

A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit against Volkswagen AG related to the German automaker's diesel emissions scandal.

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