Twitter (TWTR) is in favor of increased regulation of online political advertisements. A proposed bill in the US Senate seeks to subject online political ads to the same disclosure requirements that apply to political commercials running on television and radio.
In all, the FT analysis shows, 61 of the top 100 quoted companies have reported an initial net income tax expense, amounting to a combined $168bn. The remaining 39 have reported one-off net tax benefits worth a total of $150bn, meaning that the biggest overhaul of the tax code for a generation has cut $18bn from the current book value of its leading public companies.
Britain's health minister Jeremy Hunt threatened to impose new regulations on social media firms unless they do more to protect young people using their services. Hunt said the groups were "turning a blind eye" to the effect social media had on children's well-being - an accusation that comes as Facebook and others face heightened scrutiny worldwide over their impact and influence. Google's UK operation and Facebook said they were committed to protecting children and working on new features to help.
American and British lawyers recently launched a joint class-action lawsuit against Facebook (FB), Cambridge Analytica, and two other firms, the Guardian reported. The two other firms are SCL Group Limited and Global Science Research Limited (or GSR). SCL Group is the parent of Cambridge Analytica, the political consultancy firm believed to have developed a powerful voter profiling tool using data obtained from Facebook.
T-Mobile’s (TMUS) closing price on April 16, 2018, was $62.75 per share. Based on that closing price, T-Mobile has a market cap of ~$53.6 billion—the third-highest among all major US wireless service providers. T-Mobile’s 52-week low price stands at $54.60 per share, while its 52-week high is $68.88 per share.
Chief executive John Flannery explaining a few months ago what a well-functioning GE would look like. GE is an industrial conglomerate, that is meant to capitalise on an urbanising world thanks to superior management. In the GE power segment, operating profits were down nearly 40 per cent.
As far as I know, the Financial Times has never been run by a transcendental meditation devotee. Nor does it seem to have any managers who think the best way to fix an office squabble is to get everyone ...
Chinese banks convened a meeting this month to discuss co-ordinating increases in deposit interest rates, a sign that Beijing is loosening its grip on funding costs to allow market forces greater sway. ...
Malaysian regulators will look into the activity of automated accounts on Twitter, known as bots, in the run-up to a general election if they get complaints about them, the communications and multimedia minister said. Reuters reported on Friday that bots were flooding Twitter with tens of thousands of pro-government and anti-opposition messages, just weeks before Malaysia's May 9 election. The information technology bureau of Prime Minister Najib Razak's ruling party, the United Malays National Organisation, said it was not behind the bots and it did not know who was.
Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Bank of America's app automatically fills in a customer's address, employment history and other information that the bank already has, cutting out hundreds of boxes customers would otherwise have to fill. Quicken Loans was the first to gain traction with digital home loans following its 2016 Rocket Mortgage launch.
Hundreds of foreign not-for-profit groups in China who suspended activities after a law placing them under close state supervision went into effect last year are now returning to work as normal. in January 2017. “It was not easy, but we are very happy,” said Cyril Poulopoulos, China director of French charity Handicap International. Temporary permits for activities had also been denied, staff at the organisations said, which made work in mainland China impossible.
Ford Motor Co. is ready to upend its advertising agency relationship that dates back to 1945. Ford Motor Co. is giving WPP, the holding company that owns and runs such famous Madison Ave. brands as J. Walter Thompson and Ogilvy & Mather, a gift to celebrate their 75th anniversary working toigether–a possible firing. In the ad business, it is known as a “review.” Ford confirmed Friday that it is “reviewing” its relationship with WPP, which handles more than $4 billion in advertising business for Ford globally in more than 40 countries.
This weekend's Barron's cover story examines the divide between business models in the big tech space. Other featured articles show why MLPs look attractive again and what to expect in the battle over ...
As large tech companies report first-quarter earnings in a flood of results during the next two weeks, they face a major test: Will they continue to post huge growth, and fuel further overall gains for ...