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By Dan Levine and Lawrence Hurley SAN FRANCISCO/WASHINGTON (Reuters) – The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline to decide whether to take sides in a case before the U.S. Supreme Court that will have wide implications for the
Taiwan has ordered Alibaba’s online marketplace Taobao to withdraw from the island within six months for violating investment rules required for a Chinese company, Chinese and Taiwanese media said on Thursday. Taobao has been fined T$240,000 ($7,860) and must withdraw or transfer its holdings from its operation in Taiwan, China’s Xinhua news agency and Taiwan’s Economic Daily News quoted the island’s investment commission as saying. Taobao and the commission could
By Julia Fioretti BRUSSELS (Reuters) – Belgium’s privacy watchdog accused Facebook on Friday of trampling on European privacy laws by tracking people online without their consent and dodging questions from national regulators. The Privacy Protection Commission (CPVP/CBPL), which is working with German, Dutch, French and Spanish counterparts, launched the blistering attack after trying to find out more about the U.S. social media giant’s practices. It urged Internet users to install
“The app is the first global platform of its kind allowing cannabis consumers to connect and unite to promote happiness while de-stigmatizing and hopefully decriminalizing cannabis use around the world,” Paulo Costa said. Having been one of the top-30 downloaded apps in Brazil, the app ranks the home nation as the biggest user and therefore the happiest country.
Toshiba Corp has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years. The industrial conglomerate spooked investors last week, saying it was extending an investigation into inappropriate reporting of some infrastructure project costs and construction work. To buttress an internal probe, Toshiba on Friday appointed a panel of four outsiders, headed
Jonathan Krinsky, chief market technician at MKM Partners has identified patterns that suggest the price action in the S&P is quite positive.
Homes are selling at a faster clip this spring. But when you look at the slew of data, something still isn’t quite right in housing.
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans’ views on the economy dimmed. The outcome was lower than the lowest estimate of 68 economists surveyed by Bloomberg. “The decline was widespread among all age and income subgroups as well as across all regions of the country,” Richard Curtin, director of the Michigan Survey of Consumers, said in a statement. “To be sure,
“Most of us know it’s happening but we’re not reallocating resources or efforts nearly enough given the scale,” says Richard Dobbs, a director at the McKinsey Global Institute.
With the stock market trading at or near all-time highs, the chief U.S. equity strategist Deutsche Bank tells CNBC he would not chase this rally.
