Business News

Dropbox shares close up 35 percent in biggest tech debut since Snap

Reuters Biz News - Fri, 03/23/2018 - 16:24
(Reuters) - Dropbox Inc's shares closed at $28.42, up more than 35 percent in their first day of trading on Friday, as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider sector languished.
Categories: Business News

Craigslist Shuts Personal Ads for Fear of New Internet Law

Wired RSS Feed - Fri, 03/23/2018 - 15:57
The online classified site, and others, say they fear increased liability for content posted by others under law intended to curb sex trafficking.
Categories: Business News

These Lenders Are Cheering the Spending Bill

WSJ Market News - Fri, 03/23/2018 - 15:52
Business development companies stand to get a special favor from Congress.
Categories: Business News

How Many Calories Are in That Cocktail? Soon You'll Know

WSJ Company News feed - Fri, 03/23/2018 - 15:49
Restaurant chains as of May will have to list calorie counts for beer, wine and mixed drinks under new Food and Drug Administration rules, but will patrons drink less?
Categories: Business News

Everyone Knows How to Secure Elections. So Do It

Wired RSS Feed - Fri, 03/23/2018 - 15:49
With $380 million in the spending bill earmarked for securing digital elections, the time for talk is over.
Categories: Business News

Dropbox Shares Jump in Debut

WSJ Company News feed - Fri, 03/23/2018 - 15:47
Shares of Dropbox surged in their market debut, a sign of investors’ thirst for a big-name tech initial public offering with solid growth prospects.
Categories: Business News

Total to start drilling deepwater oil well in Mexico block in Oct

Reuters Company News - Fri, 03/23/2018 - 15:47
MEXICO CITY, March 23 (Reuters) - French oil major Total will begin drilling its first deepwater exploration well at a block it operates in the Gulf of Mexico in October, according to a plan approved on Friday by Mexico's National Hydrocarbons Commission (CNH).
Categories: Business News

BDCs win leverage cap increase after US$1.3trn budget signed

Reuters Company News - Fri, 03/23/2018 - 15:37
NEW YORK, March 23 (LPC) - Business Development Companies (BDCs) will gain access to additional capital to lend to small and mid-sized businesses after language to increase the maximum leverage allowed by the funds was added to a US$1.3trn government spending bill President Trump signed into law on Friday.
Categories: Business News

Gadget Lab Podcast: More Questions Than Answers in Uber's Fatal Arizona Crash

Wired RSS Feed - Fri, 03/23/2018 - 15:37
This week, Alex Davies and Aarian Marshall join us to discuss the latest news in self-driving car safety.
Categories: Business News

Brazil's VLI adds rail capacity as farmers harvest record soy crop

Reuters Company News - Fri, 03/23/2018 - 15:36
PORTO NACIONAL, Brazil, March 23 (Reuters) - Brazilian logistics company VLI SA has increased capacity of its Ferrovia Norte-Sul railway, a 720-km (447 miles) line linking the central state of Tocantins to the northern port of Itaqui, to serve farmers now harvesting this year's summer crop.
Categories: Business News

Wall Street tumbles on trade war fears; tech, financials weigh

Reuters Biz News - Fri, 03/23/2018 - 15:34
NEW YORK (Reuters) - Wall Street's three major indexes tumbled in late afternoon trading on Friday as investors shied away from risky bets going into the weekend while they braced for a potential U.S. trade war with China.
Categories: Business News

US STOCKS-Wall St tumbles on trade war fears; tech, financials weigh

Reuters Company News - Fri, 03/23/2018 - 15:33
* Indexes down: Dow 1.2 pct, S&P 1.5 pct, Nasdaq 1.7 pct (Updates to late afternoon, adds commentary, changes byline, adds New York dateline)
Categories: Business News

UPDATE 2-Abbott's Alere resolves U.S. diagnostic device probe for $33.2 mln

Reuters Company News - Fri, 03/23/2018 - 15:32
BOSTON, March 23 (Reuters) - Alere Inc has agreed to pay $33.2 million to resolve claims it knowingly sold unreliable diagnostic testing devices to hospitals prior to its acquisition by Abbott Laboratories last year, the U.S. Justice Department said on Friday.
Categories: Business News

UPDATE 1-FCC chief cites concerns on spy threats from Chinese telecoms firms

Reuters Company News - Fri, 03/23/2018 - 15:27
WASHINGTON, March 23 (Reuters) - Federal Communications Commission Chairman Ajit Pai said he shares the concerns of U.S. lawmakers about espionage threats from Chinese smartphone maker Huawei Technologies Co and plans to take "proactive steps" to ensure the integrity of the U.S. communications supply chain.
Categories: Business News

Qualcomm re-elects board of directors with tepid support

Reuters Biz News - Fri, 03/23/2018 - 15:16
SAN DIEGO (Reuters) - Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd .
Categories: Business News

REFILE-GRAPHIC-U.S. stock market cheerleader-in-chief goes quiet in downturn

Reuters Company News - Fri, 03/23/2018 - 15:14
LONDON, March 23 (Reuters) - Investors have long toasted the U.S. stock market boom that emerged from the depths of the 2008 financial crisis, but one of the bull market's most vocal and visible cheerleaders has abruptly fallen silent: the U.S. President.
Categories: Business News

Spending Bill Gives Green Energy Its R&D Budget—But That's Not All It Needs

Wired RSS Feed - Fri, 03/23/2018 - 15:14
Trump stands for coal. Congress doesn't.
Categories: Business News

BRIEF-Judge At A UK High Court Has Granted Application By ICO For Warrant To Search London Offices Of Cambridge Analytica - Sky News‍​

Reuters Company News - Fri, 03/23/2018 - 15:14
Categories: Business News

U.S. lawmakers formally ask Facebook CEO to testify on user data

Reuters Biz News - Fri, 03/23/2018 - 15:09
WASHINGTON (Reuters) - U.S. lawmakers on Friday formally asked Facebook Inc's Mark Zuckerberg to explain at a congressional hearing how 50 million users' data got into the hands of political consultancy Cambridge Analytica.
Categories: Business News

BRIEF-Brazil's state-owned Caixa Economica may pursue IPO of insurance unit this year, CFO Says

Reuters Company News - Fri, 03/23/2018 - 15:07
Categories: Business News