Friday, 14 August 2020

Justice Department opens probe into ex-NASA official, Boeing over space contract: sources

Justice Department opens probe into ex-NASA official, Boeing over space contract: sources

The U.S. Justice Department has opened a criminal probe into whether NASA's former head of human spaceflight gave Boeing Co improper guidance during a lucrative lunar-lander contract competition, two people familiar with the matter said on Friday.

S&P 500 ends almost flat as record remains elusive

The S&P 500 ended nearly flat on Friday despite coming close again to its record closing high, as data on the U.S. economy added to uncertainty over the recovery.

Activist investor Starboard slashes eBay holding in second quarter, filing shows

Starboard Value said on Friday that it sold nearly three quarters of its stake in eBay Inc during the second quarter when the activist investment firm also ended its proxy fight at the ecommerce company.

Epic Games wins support from 'Fortnite' gamers, firms on Apple standoff

"Fortnite" creator Epic Games found support from its legions of gamers, Tinder-owner Match Group and Spotify for suing Apple and Google after the tech giants dropped the popular video game from their app stores for violating payment guidelines.

Facebook critiques Apple on its commission system

Facebook Inc said on Friday that Apple Inc has declined its request to waive off the 30% commission fee it takes from apps listed on iOS devices, publicly critiquing a fellow big tech peer.

Stocks dip on lukewarm data; oil falls

Stocks dipped on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus.

Wall Street Week Ahead: Biden victory? Disputed election? Wall Street prices in November outcomes

Investors are girding their portfolios for market moves ahead of the U.S. presidential vote, as election season kicks into higher gear with the Democratic National Convention in the coming week.

Oil prices down on demand worries, growing supply

Oil prices edged lower on Friday on worries that demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories.

COVID-19 vaccine developer CureVac shares more than triple after U.S. debut

Shares of German biotechnology firm CureVac BV soared as much as 222% after their Nasdaq debut on Friday, in the first stock market opening of a company developing a potential vaccine to combat the novel coronavirus.

Retailers launch coalition to fight counterfeits on Amazon

The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc and Target Corp , said on Friday it has joined over a dozen trade groups to form a coalition to fight counterfeit goods on online platforms such as Amazon.com Inc .

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