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February 19, 2020
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Reuters - Business

Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr

Reuters
WASHINGTON (Reuters) – U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their users post. FILE PHOTO: U.S. Attorney General William Barr announces the findings of the......
Reuters - Business

Trump blasts proposed U.S. restrictions on sale of jet parts to China

Reuters
WASHINGTON (Reuters) – President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump......
Reuters - Business

Virgin Galactic’s stock soars, fueled by retail investors

Reuters
SAN FRANCISCO (Reuters) – Virgin Galactic Holdings Inc (SPCE.N) shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. FILE PHOTO: Sir Richard Branson poses on floor......
Reuters - Business

Trump blasts proposed restrictions on selling U.S. jet parts to China

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday blasted proposals that could restrict U.S. companies’ ability to supply jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald......
Reuters - Business

Coronavirus threatens Apple supply chain, sales; shares drop

Reuters
(Reuters) – Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain. Customers walk past an Apple logo......
Reuters - Business

20 years after dot-com peak, tech dominance keeps investors on edge

Reuters
SAN FRANCISCO/NEW YORK (Reuters) – As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. FILE PHOTO: A view of the exterior of the Nasdaq market......
Reuters - Business

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Reuters
SAN FRANCISCO/SHANGHAI (Reuters) – Apple Inc’s (AAPL.O) surprise warning that it will likely fall short of this quarter’s sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products. FILE......
Reuters - Business

SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources

Reuters
(Reuters) – SoftBank Group Corp (9984.T) has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. FILE PHOTO: People walk behind the logo of......
Reuters - Business

Apple warns sales to fall short of target due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most valuable technology firm became one of the biggest corporate casualties of China’s coronavirus epidemic. FILE PHOTO: The Apple Inc. logo is seen hanging......
Reuters - Business

Apple unlikely to meet revenue guidance due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th......
Reuters - Business

Apple says will not meet revenue guidance for March quarter due to coronavirus impact

Reuters
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo (Reuters) – Apple Inc (AAPL.O) said on Monday that it will not meet its revenue guidance for the March quarter......
Reuters - Business

EU industry chief tells Facebook to adapt to EU, not other way round

Reuters
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S. social media giant’s proposed internet rules as insufficient. The blunt comments came after a short meeting with Facebook CEO Mark......
Reuters - Business

Facebook sees risks to innovation, freedom of expression ahead of EU rules

Reuters
BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies. Facebook Chairman and CEO Mark Zuckerberg meets......
Reuters - Business

Facebook warns of risks to innovation, freedom of expression ahead of EU rules

Reuters
Facebook Chairman and CEO Mark Zuckerberg meets with European Commissioner for Values and Transparency Vera Jourova at the EU Commission headquarters in Brussels, Belgium February 17, 2020. REUTERS/Yves Herman BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a......
Reuters - Business

Regulators should allow RTL and ProSieben to merge: Rabe

Reuters
BERLIN (Reuters) – The head of publisher Bertelsmann (BTGGg.F) said its TV arm RTL (RRTL.DE) should be allowed to merge with German rival ProSiebenSat.1 (PSMGn.DE), to give them a fighting chance against U.S. streaming giants. FILE PHOTO: German media group Bertelsmann CEO Thomas Rabe poses for the media prior to......
Reuters - Business

Treat us like something between a telco and a newspaper, says Facebook’s Zuckerberg

Reuters
MUNICH (Reuters) – Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook (FB.O) CEO Mark Zuckerberg told global leaders and security chiefs on Saturday. Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany,......
Reuters - Business

Facebook CEO says backs regulation of harmful online content

Reuters
Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany, February 15, 2020. REUTERS/Andreas Gebert MUNICH (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg said harmful online content should be regulated, adding that his company should be treated with a framework in between those used for......
Reuters - Business

IBM withdraws from RSA conference over coronavirus fears

Reuters
(Reuters) – International Business Machines Corp (IBM.N) on Friday said it had canceled its participation in the RSA cyber security conference due to coronavirus-related concerns. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo “The health......
Reuters - Business

Injured by China’s trade practices? Call 202-395-3900, USTR says

Reuters
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Friday it has established a dispute resolution office and complaint hotline to enforce President Donald Trump’s “Phase 1” trade deal with China, which takes effect on Saturday. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump sign......
Reuters - Business

Google in talks with publishers to pay for premium news content: WSJ

Reuters
(Reuters) – Alphabet Inc’s Google is in talks with publishers on paying a licensing fee for content that would be packaged in a premium news product, the Wall Street Journal reported here citing people familiar with the matter. A source close to Google confirmed the talks were still in early......

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