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Facebook CEO Mark Zuckerberg has announced a series of steps the social network is taking ahead of the 2020 U.S. presidential election to prevent interference from both foreign and domestic groups. Yahoo Finance's Jen Rogers, Andy Serwer and Brian Cheung weigh in on the new policies and whether or not Facebook is doing enough to stop misinformation campaigns....
NEW YORK/HOUSTON (Reuters) - UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up. Mergers and acquisitions activity within the shale business is at its lowest level in a decade, excluding Occidental Petroleum Corp's purchase of Anadarko Petroleum Corp, as shareholders squeeze producers to focus on returns and develop existing acreage rather than expansion. The decline has left investment bankers that advise on such transactions without enough work....
(Bloomberg) -- A virtual private network that markets its “advanced security” said on Monday that one of its services had been compromised last year.Nord VPN, which is based in Panama, said on the company’s website that it discovered the breach a few months ago at a data center in Finland. The company’s statement comes after allegations on Twitter by security researchers alleging Nord had been hacked.Tom Okman, a Nord advisory board member, said the hackers only had access to a single “exit node,” the part of the service that masks its customers’ IP address, and not its internal databases. The hackers appeared to have access for about two months, he said. Okman was made available for an interview by the company.The breach was done by “exploiting a vulnerability of one of our server providers, which hadn’t been disclosed to us,” according to the company’s statement. “No user credentials have been intercepted....
(Bloomberg) -- Prime Minister Boris Johnson will seek to rush his crucial Brexit law through the U.K.’s House of Commons in just three days after he was thwarted in his latest attempt to get his divorce deal approved.On Monday, Commons Speaker John Bercow rejected the government’s bid to trigger a second parliamentary vote on the Brexit deal that the prime minister secured last week in Brussels.Johnson will now concentrate his efforts on fast-tracking the detailed law he needs to pass through Parliament -- starting Tuesday, and completing its passage through the Commons by Thursday. It will then go to the House of Lords, Parliament’s upper chamber, in an attempt to deliver Brexit by his Oct. 31 deadline.The express timetable for passing the Withdrawal Agreement Bill sparked an immediate backlash in the Commons. Members of Parliament attacked the government for attempting to “ram through” the bill.The government’s schedule looks like this:Johnson is...
(Bloomberg Opinion) -- Judging by the rally in the S&P 500 Index on Monday, it would be hard to know that this week is perhaps the most important of the year for equities in terms of fundamentals — and the news likely won’t be all good. That just shows how much of a grip the U.S.-China trade talks have on traders.The catalyst for the gains was some positive, albeit guarded, comments out of both China and the U.S. that talks aimed at reaching the first part of an initial trade deal are advancing. The absolute lack of details doesn’t really matter; it’s the lack of animosity in the rhetoric that traders found encouraging. There’s no question that the trade war has taken a toll on the global economy, and this week investors will likely find out just how lasting the damage will be when a large swath of companies post third-quarter results. Through Friday,...
Real estate developer Howard Hughes Corp on Monday named a new chief executive officer and said it would sell about $2 billion of non-core assets following a strategic review. Paul Layne has been named CEO, effective immediately. In June, the real estate developer hired Centerview Partners to explore strategic alternatives that included a potential sale of the company....
The weather is turning colder than normal...
