Equifax's $700 million data breach settlement spurs criticism, calls for new rules
WASHINGTON (Reuters) - Credit-reporting company Equifax Inc
will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation.
Trump expected to attend White House tech meeting where Huawei will be discussed: sources
WASHINGTON (Reuters) - 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.
Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ
(Reuters) - Apple Inc
is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.
S&P 500 climbs toward record high, earnings in focus
(Reuters) - 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.
FTC to announce $5 billion settlement with Facebook as early as this week: sources
WASHINGTON (Reuters) - 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 companyâs handling of user data, two sources briefed on the matter said on Monday.
Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems
(Reuters) - Fitch Ratings and Moody's lowered their outlooks for Boeing Co
to "negative" from "stable" on Monday, citing delays in its 737 MAX jets' return to service.
Ford to upgrade Chicago plant for SUVs, hire 450 workers
DETROIT (Reuters) - Ford Motor Co
said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs.
AutoNation names new CEO, posts strong quarterly profit
DETROIT (Reuters) - AutoNation Inc
, the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.
Blackstone weighs Cheniere Energy Partners stake sale: Bloomberg
(Reuters) - 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.
Huawei's U.S. research arm sends workers packing
SANTA CLARA, Calif. (Reuters) - Futurewei Technologies Inc, the U.S. research arm of China's Huawei Technologies Co Ltd, began laying off workers on Monday, according to employees including one who spoke to Reuters as he left the company's Silicon Valley campus.