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Thursday, October 12, 2017

Facebook pushes ad overhaul before 2018 U.S. election: executive

SAN JOSE, Calif. (Reuters) - Facebook Inc has begun overhauling how it handles political ads on its platform and may put some changes in place before U.S. elections next year, Facebook's chief technology officer said on Wednesday.

Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

SAN FRANCISCO(Reuters) - Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

JPMorgan gets boost from lending as trading slumps

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue.

Asia stocks reach 10-year peak on global equity surge, dollar sags

TOKYO (Reuters) - Asian stocks reached a 10-year high on Thursday, riding the bull run in global equity markets, while the dollar sagged after the Federal Reserve showed a more guarded view towards inflation.

London regulator will defend decision not to renew Uber's license in court: mayor

LONDON (Reuters) - London Mayor Sadiq Khan said on Thursday that the city's transport regulator will defend its decision in court not to renew Uber's license to operate in the British capital.

Delta refuses to pay tariffs on Bombardier CSeries jets

NEW YORK (Reuters) - Delta Air Lines Inc on Wednesday said it would refuse to pay a 300 percent U.S. tariff on Canadian-built Bombardier CSeries jets, raising doubts about its purchase of 75 of the new aircraft at a list price of more than $5 billion.

Airbus board carried out management review amid compliance row: sources

PARIS (Reuters) - The board of Europe's Airbus ordered out a private review of top management before backing Chief Executive Tom Enders to complete a sensitive compliance shake-up in the face of European corruption probes, two people familiar with the matter said.

Samsung scion fights back as legal appeal begins

SEOUL (Reuters) - The heir to South Korea's Samsung Group, convicted of bribing the country's former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.

HSBC names retail head John Flint as its next chief executive

LONDON (Reuters) - HSBC has appointed John Flint as its next chief executive the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm.

BlackBerry signs license deal with Florida's BLU, ends patent dispute

(Reuters) - BlackBerry Ltd said on Thursday it signed a new license agreement with BLU Products Inc, a Florida-based maker of low-end Android phones, that would end patent disputes between the two companies.