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- Zuckerberg says Facebook made mistakes on user data, vows curbs
Wed, 21 Mar 2018 18:36:14 -0400
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday that his company made mistakes in how it handled data belonging to 50 million of its users and promised tougher steps to restrict developers' access to such information.
- Stocks end modestly lower after Fed hikes rates; energy up
Wed, 21 Mar 2018 17:39:19 -0400
NEW YORK (Reuters) - U.S. stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised U.S. interest rates, while a strong gain in the energy space helped limit losses.
- Fed lifts rates, signals tougher stance as economy strengthens
Wed, 21 Mar 2018 18:31:34 -0400
WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening.
- Starbucks' mobile order push meets resistance from ritual seekers
Wed, 21 Mar 2018 16:51:06 -0400
LOS ANGELES (Reuters) - Starbucks Corp wants more people to use its time-saving mobile ordering app that lets customers buy drinks without waiting in line.
- Meredith to cut about 1,200 jobs, sell some Time publications
Wed, 21 Mar 2018 18:26:17 -0400
(Reuters) - U.S. media company Meredith Corp said on Wednesday it cut about 200 jobs and would lay off another 1,000 as it streamlines its operations following the completion of its Time Inc acquisition.
- Trump set for China tariff announcement on Thursday, trade war fears grow
Wed, 21 Mar 2018 18:19:43 -0400
WASHINGTON (Reuters) - President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to trigger retaliation from Beijing and stoke fears of a global trade war.
- Tesla shareholders approve CEO Musk's $2.6 billion compensation plan
Wed, 21 Mar 2018 14:38:18 -0400
SAN FRANCISCO/BOSTON (Reuters) - Tesla Inc shareholders approved a compensation package potentially worth $2.6 billion for Chief Executive Elon Musk on Wednesday in a test of their confidence in the leader of the electric car company.
- Bayer wins EU approval for $62.5 billion Monsanto buy
Wed, 21 Mar 2018 15:08:41 -0400
BRUSSELS (Reuters) - German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega mergers that will reshape the agrochemicals industry.
- Reckitt Benckiser pulls out of Pfizer consumer health auction
Wed, 21 Mar 2018 17:38:15 -0400
(Reuters) - British consumer goods maker Reckitt Benckiser Group said on Wednesday it had ended discussions with Pfizer Inc over buying its consumer healthcare business, a day before the U.S. drug company was expecting binding offers for the unit.
- Deere & Co fears hit from Trump tariffs, retaliation: CEO
Wed, 21 Mar 2018 17:37:00 -0400
GRANADERO BAIGORRIA, Argentina (Reuters) - U.S. tractor maker Deere & Co is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, Chief Executive Samuel Allen told Reuters in an interview on Wednesday.