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Venezuela Cuts Commercial Ties With Panama Officials, Firms

Venezuela said on Thursday it was halting commercial relations with Panamanian officials and companies, including regional airline Copa, for alleged involvement in money laundering, prompting Panama to recall its ambassador. The resolution names Panamanian President Juan Carlos Varela and nearly two dozen Cabinet ministers and top-ranking officials, adding that Panama’s …

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Jury Awards $37 Million in Talc Cancer Risk Case

Johnson & Johnson and Imerys SA must pay at least $37 million in a lawsuit claiming a man developed cancer because of his exposure to asbestos in talc-based products including Johnson’s Baby Powder, a New Jersey state court jury said Thursday. The verdict by jurors in New Brunswick, New Jersey, came in the second …

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Australia Begins Privacy Investigation into Facebook

Australia’s Privacy Commissioner said on Thursday she had opened a formal investigation into social media giant Facebook Inc after the company confirmed data from 300,000 Australian users may have been used without authorization. The investigation will consider whether Facebook has breached Australia’s privacy laws, Privacy Commissioner Angelene Falk said in …

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Wall Street Closes Higher as China Tariff Fears Ease

Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After investors fled equities in the morning because of proposed retaliatory tariffs from China, …

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YouTube Shooter Told Family She ‘Hated’ the Company

A woman who believed she was being suppressed by YouTube and told her family members she “hated” the company opened fire at YouTube’s headquarters in California, wounding three people before taking her own life, police said. Investigators do not believe Nasim Aghdam specifically targeted the three victims when she pulled …

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Facebook CEO to Testify Before Congressional Committee

Facebook CEO Mark Zuckerberg will testify before a congressional committee about the privacy scandal that has rocked the social media company. The House and Energy and Commerce Committee announced Wednesday Zuckerberg will testify on April 11 about the British consulting firm Cambridge Analytica, which obtained data on tens of millions …

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US Unveils Tariffs on $50 Billion Worth of Chinese Imports

The Trump administration on Tuesday escalated its aggressive actions on trade by proposing 25 percent tariffs on $50 billion in Chinese imports to protest Beijing’s alleged theft of American technology.   The Office of the U.S. Trade Representative issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications …

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Asian Markets Move Lower After US Stock Plunge

Stock markets in Asia and Europe saw declines Tuesday, but did not suffer losses as steep as those Monday in U.S. markets where continued fears about a U.S.-China trade war and a verbal attack on an online retailer by President Donald Trump sent stocks lower. China’s Shanghai Composite Index finished …

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Facebook Faces Calls to Further Protect User Privacy

Facebook is a company in a hurry.   Since the world learned about the latest customer data controversy at Facebook, the social media network has unleashed a swarm of changes. But it’s unclear whether Facebook’s own reckoning will be enough to satisfy regulators and lawmakers.   “We’ve reached a tipping …

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Amazon Shares Fall 4 Percent as Trump Renews Attack

Shares of Amazon.com Inc fell 4 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes. “Only fools, or worse, are saying that our money losing Post Office makes money with …

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