Facebook reaches $550 million settlement in facial recognition lawsuit
Facebook Inc said on Wednesday it reached a $550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric...
Facebook misses expectations for cost control, revenue growth slowing
Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall...
Airlines suspend, scale back direct flights to China amid virus fears
Global airlines on Wednesday suspended or scaled back more direct flights to China’s major cities amid an increase in travel warnings and decline in demand...
Fed keeps rates steady, to tailor Treasury bill purchases later this year
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank...
Facebook just beats estimates for daily active users, costs rise
Facebook Inc just beat analysts’ estimates for daily active users on Wednesday, as the world’s largest social network faced fierce competition for users’ screen time...
PayPal posts 13% fall in quarterly profit
PayPal Holdings Inc reported a 13% fall in fourth-quarter profit on Wednesday, as it spent more on acquisitions and technology....
Lyft cuts 2% jobs on journey to profitability
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal...
Fed keeps interest rates steady, offers no new balance sheet guidance
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank...
Fed holds rates steady, offers no new guidance on balance sheet
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with officials pointing to continued moderate U.S. economic...
Shell appoints director Goh as deputy chair
Royal Dutch Shell said on Wednesday director Euleen Goh would take over as its deputy chair from May 20....