Wall Street posts biggest one-day gain in 2-1/2 years as trade-war fears ebb

NEW YORK (Reuters) - Wall Street's three major indexes jumped to their greatest one-day gain in two-and-a-half years on Monday, led by the tech sector, as trade war fears eased on reports that the United States and China were willing to renegotiate tariffs and trade imbalances.

Facebook shares dip as U.S. regulator announces privacy probe

WASHINGTON (Reuters) - Facebook Inc shares fell as much as 6.5 percent on Monday after the main U.S. consumer protection regulator said it was investigating how the social network allowed data of 50 million users to get into the hands of a political consultancy.

EU presses Facebook on sharing of user data

(Reuters) - The European Commission pressed Facebook on Monday over whether EU citizens' data were among those improperly harvested by a British political consultancy, after the U.S. regulator said it was investigating the firm's privacy practices.

Global stocks bounce on report of U.S.-China trade talks

NEW YORK (Reuters) - Stocks rose almost everywhere on Monday, reflecting optimism that the United States and China are set to begin negotiations on trade.

Wall Street rebounds on hopes for U.S.-China talks on trade

NEW YORK (Reuters) - The main U.S. stock indices advanced more than 2 percent on Monday, helping recoup some of last week's losses, amid signs that the United States and China were willing to negotiate on tariffs eased concerns about a trade war between the two countries.

Facebook CEO among those invited to testify at U.S. Senate hearing

WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee said on Monday it had invited the chief executive officers of Facebook Inc , Alphabet Inc and Twitter Inc to testify at an April 10 hearing on data privacy.

FCC chief proposes steps to protect U.S. communications networks

WASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai on Monday said he was proposing new rules to bar the use of funds from a government program to purchase equipment or services from companies that pose a security threat to U.S. communications networks.

Smurfit Kappa rejects raised bid from International Paper

DUBLIN (Reuters) - Ireland's Smurfit Kappa rejected a raised takeover offer from International Paper on Monday, frustrating a bid to combine the largest listed U.S. paper packaging firm with Europe's biggest.

Hyundai union head fears GM-like crisis; says electric cars destroy jobs

Hyundai Motor’s union chief warned its workers may face a similar crisis to the one hitting General Motors’ South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs.

Citi, Goldman and rivals ramp up Brazil banker poaching war

SAO PAULO (Reuters) - Global investment banks from Citigroup to Goldman Sachs are hiring again in Brazil after years of retrenchment as historically low interest rates fuel a recovery as well as a small boom in M&A and stock and local bond offerings.

NY Fed's Dudley says regulators should increase focus on bank executives

WASHINGTON (Reuters) - Banks should adopt compensation plans that discourage excessive risk-taking and place greater onus on senior managers for wrongdoing, the outgoing head of the New York Federal Reserve said on Monday.

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