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Monthly Archives: July 2018

HTC cuts 1,500 workers in Taiwan

Cros Garcia | Corbis | Getty Images A view of the HTC company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. It was once a powerhouse in the cellphone marketplace, supplying a tenth of the world’s smartphones in 2011. Now, after consecutive …

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Glencore unit receives subpoena from US Department of Justice

Alessandro Della Bella | Bloomberg | Getty Images Glencore headquarters in Baar, Switzerland, Sept. 30, 2015. Glencore Plc said a subsidiary had received a subpoena from the U.S. Department of Justice requesting documents and records on compliance with the Foreign Corrupt Practices Act and U.S. money laundering statutes. The documents …

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US government asks FCC to deny China Mobile’s license request

Zhang Peng | LightRocket | Getty Images  The logo of telecommunications company China Mobile is seen on a building in Beijing, China.  The U.S. National Telecommunications and Information Administration recommended on Monday that the Federal Communications Commission deny China Mobile’s application to offer telecommunications services from within the United States …

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Facebook slips on report of SEC, FBI, FTC probes

Photo by Bloomberg Mark Zuckerberg speaking at the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook stock slipped roughly 1.5 percent after-hours on Monday after The Washington Post reported that federal investigators are broadening inquiries into the company’s data sharing practices. The FBI, SEC, and FTC …

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Secretary of State Pompeo will meet Kim Jong Un on July 5: White House

KCNA | Reuters North Korean leader Kim Jong Un shakes hands with U.S. Secretary of State Mike Pompeo in this May 9, 2018 photo released on May 10, 2018 by North Korea’s Korean Central News Agency (KCNA) in Pyongyang. Secretary of State Mike Pompeo will travel to North Korea on …

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Horst Seehofer reaches deal with Angela Merkel, drops threat to quit

TF-Images |  Getty Images Chancellor Angela Merkel receives flowers by CSU leader Horst Seehofer on December 15, 2017 in Nuremberg, Germany.  Germany’s interior minister Horst Seehofer dropped his threat to quit after hours of talks with Chancellor Angela Merkel’s Christian Democrats (CDU), saying the two conservative parties had the tightened …

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What a full out trade war would cost the global economy

A full-blown trade war would punch a hole in global economic growth because of reduced trade volume, supply chain disruptions, and lost confidence. Quantifying just how much damage an entrenched trade battle could wreak upon the international community is a trickier task, but J.P. Morgan has come up with three …

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Tesla engineering leader Doug Field departs

Mike Blake | Reuters A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018.  Tesla’s senior vice president of engineering, Doug Field, is leaving the company for good after previously stepping away for what the company had characterized as a leave of absence. Tesla …

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Facebook privacy bug unblocked people who had been blocked

Matt McClain | The Washington Post | Getty Images Facebook CEO, Mark Zuckerberg A Facebook bug briefly unblocked people on Messenger who had previously been blocked, opening the door to unwelcome messages and exposing otherwise hidden posts, the company said Monday. The bug affected up to 800,000 users and has …

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Trump names top aides to oversee Supreme Court confirmation process

Albin Lohr-Jones | Bloomberg | Getty Images Don McGahn, attorney and U.S. Federal Election Commission member, arrives in the lobby of Trump Tower in New York U.S., on Monday, Jan. 8, 2017. The White House on Monday announced that some experienced aides have been tapped to lead the process of …

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