Friday, 30 March 2018

Zuckerberg disavows memo saying all user growth is good

SAN FRANCISCO (Reuters) - A Facebook Inc executive said in an internal memo in 2016 that the social media company needed to pursue adding users above all else, BuzzFeed News reported on Thursday, prompting disavowals from the executive and Facebook Chief Executive Officer Mark Zuckerberg.


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Eager for calming news, investors look to earnings

NEW YORK (Reuters) - Nervous stock investors are hoping an unusually U.S. strong earnings season can restore some of the optimism that characterized equity markets last year.


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Under Armour says 150 million MyFitnessPal accounts breached

(Reuters) - Under Armour Inc said on Thursday that data from some 150 million MyFitnessPal diet and fitness app accounts was compromised in February, in one of the biggest hacks in history, sending shares of the athletic apparel maker down 3 percent in after-hours trade.


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Global mergers and acquisitions reach record high in first quarter

NEW YORK/LONDON (Reuters) - Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies' dealmaking instincts.


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Starbucks coffee in California must have cancer warning, judge says

(Reuters) - Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.


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Walmart talking with Humana on closer ties; acquisition possible: sources

(Reuters) - U.S. retailer Walmart Inc is in early-stage talks with health insurer Humana Inc about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday.


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KPMG hit by Hong Kong High Court in $400 million China Medical fraud

BEIJING (Reuters) - Global accounting firm KPMG has suffered a major setback in its battle against liquidators of former U.S.-listed healthcare firm China Medical Technologies Inc, whose executives have been charged in the U.S. with defrauding investors out of over $400 million.


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VW storing around 300,000 diesels at 37 facilities around U.S.

(Reuters) - Volkswagen has taken parking lots to a whole new level in the United States and will not be emptying them soon.


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Trump escalates attack on Amazon, focusing on tax, shipping

WASHINGTON (Reuters) - U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, but he offered no evidence to back up his criticisms and did not suggest any actions he would take.


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Tesla shares recover as company pushes to hit Model 3 target

SAN FRANCISCO (Reuters) - Tesla Inc shares rose on Thursday ahead of the expected release next week of the company's quarterly auto production data, while a senior executive urged workers at the automaker to hit a weekly production target of 2,500 Model 3 sedans by the end of March.


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