Category: Company News

Facebook takes down certain posts, ads from Trump re-election campaign

(Reuters) – Facebook Inc (FB.O) said on Thursday it took down certain posts and advertisements from U.S. President Donald Trump and Vice President Mike Pence related to their re-election campaign, due to violation of the social network’s policy against organized hate.

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UPDATE 4-Lloyd's of London to pay for 'shameful' Atlantic slave trade role

LONDON (Reuters) – The Lloyd’s of London insurance market apologised on Thursday for its “shameful” role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority people. As part of a global reassessment of history and racism triggered by the death of George Floyd in the […]

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UPDATE 3-Robinhood trading app back online after major outage

NEW YORK (Reuters) – Robinhood Markets Inc, the fintech startup credited with helping popularize trading with millennials, said on Thursday it resolved an issue that had caused a “major outage” on its platform earlier in the day. “Our systems have been fully restored and our app and web platforms are now functional. We apologize for […]

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UPDATE 2-U.S. House panel hears from Facebook, Google, Twitter on election security

(Reuters) – Top officials from Facebook, Google and Twitter were grilled by U.S. lawmakers on Thursday at a virtual hearing on foreign influence and election security ahead of the Nov. 3 presidential contest. Leaders from Facebook Inc (FB.O) and Twitter Inc (TWTR.N) told the House of Representatives Intelligence Committee that they had not seen evidence […]

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US STOCKS-S&P 500 muted as virus cases rise, jobless claims weigh

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * Weekly jobless claims higher than expected * Carnival Corp falls after warning of annual loss * Spotify rises on signing podcast deal with Warner Bros * Indexes mixed: Dow dips 0.25%, S&P flat, Nasdaq up 0.17% (Updates […]

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Corporate Canada joins travel industry's push to ease COVID-19 air curbs

(Reuters) – A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country’s Globe and Mail newspaper on Thursday. The move lends support to the travel industry’s push to relax air curbs as most international flights to and from Canada remain canceled. The […]

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UPDATE 5-UK ditches homegrown COVID-19 tracing app to use Google-Apple model

LONDON (Reuters) – Britain will switch to the Apple and Google model for its COVID-19 test-and-trace app, ditching an attempt to develop an app by itself after the homegrown system did not work well enough on Apple’s iPhone, the government said on Thursday. The test-and-trace programme is key to reopening the country but has been […]

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LATAM Airlines says operations to plunge 50% by year´s end

SANTIAGO (Reuters) – LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years. LATAM filed for U.S. bankruptcy protection last month, aiming to restructure $18 […]

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UPDATE 1-Facebook sues individuals for offering to extract data, gather likes

(Reuters) – Facebook Inc said on Thursday it filed lawsuits against individuals in Europe and the United States for abusing its platforms to offer automated tools for scraping users’ personal data and gathering likes. The social network said the defendant in the U.S. lawsuit operated a data scraping service, called “Massroot8”, which improperly collected data […]

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UPDATE 2-European shares end lower on second wave concerns

(Reuters) – European shares closed lower on Thursday as a spike in COVID-19 cases in China and some U.S. states triggered fears of a second wave of infections, while a 60% plunge in Wirecard shares over missing cash balances weighed on the STOXX 600 index. Investors scaled back on risk as the daily count of […]

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