Latest Business News
Last updated on
Thursday, 14-Nov-2019 16:30:02 EST
- Huawei, ZTE 'cannot be trusted' and pose security threat: U.S. attorney general
Huawei Technologies Co and ZTE Corp "cannot be trusted," U.S. Attorney General William Barr said, labeling the Chinese firms a security threat as he backed a proposal to bar U.S. rural wireless carriers from tapping an $8.5 billion government fund to purchase equipment or services from them.
- WeWork bond drops, spread hits a record on report of delayed share tender
WeWork's junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy $3 billion of stock from existing shareholders.
- Google antitrust probe to expand into Android: CNBC
The 50 attorneys general investigating advertising practices at Alphabet Inc's Google are planning to expand their antitrust probe into the unit's flagship Android business, CNBC reported on Thursday, citing people familiar with the matter.
- Ford uses Mustang name, hoping new electric SUV will zap Tesla
Ford Motor Co will tag its new electric sport utility vehicle (SUV) with the Mustang name, the automaker said on Thursday, seeking to entice customers into a new era by linking it to the model whose groundbreaking design in the 1960s combined sportiness and affordability.
- PayPal halts payment support to PornHub models
PayPal Holdings Inc said on Thursday it had stopped payment support to PornHub's models after it found the adult entertainment website made certain payments without the permission of the payment processor.
- Canada telcos to push back against government bid to cut wireless bills
Canada's major telecom companies are planning to intensify lobbying against the new minority Liberal government as it moves to fulfill election pledges to cut cellphone costs by 25% with some executives warning government action could hamper expensive network rollouts.
- New York airport regulator partners with ride-share firm Via
Ride-share provider Via said on Thursday it had partnered with the Port Authority of New York and New Jersey to provide flat-rate shared trips from New York City's LaGuardia Airport, which is plagued by congestion and limited access to public transit.
- Warren lashes out at Goldman over Apple Card bias claims: Bloomberg
U.S. Senator Elizabeth Warren questioned Goldman Sachs's response to allegations of bias in how the bank evaluates applicants for Apple Inc's credit card, suggesting it should pull down the algorithm if it cannot be explained, Bloomberg reported on Wednesday.