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U.S. SEC proposes rule changes to company legal, risk factor disclosures

Reuters.com Newsletter

U.S. SEC proposes rule changes to company legal, risk factor disclosures

The U.S. Securities and Exchange Commission (SEC) on Thursday voted to propose rule changes to the way companies describe business, legal, and risk factors in their regulatory disclosures.

Broadcom to buy Symantec's enterprise unit for $10.7 billion in software push

Chipmaker Broadcom Inc will buy Symantec Corp's enterprise security business for $10.7 billion in cash, the antivirus software maker said on Thursday, as it tries to scale up its software business through deals.

Pork producers win dismissal of price-fixing lawsuits - U.S. court ruling

A federal judge on Thursday dismissed antitrust lawsuits accusing several large U.S. pork companies of conspiring to limit the supply of pork in order to inflate prices and their own profits at the expense of consumers and other purchasers.

Uber revenue misses estimates despite easing price war, shares tumble

Uber Technologies Inc reported lower-than-expected revenue for the second quarter on Thursday, sending shares down 12% as the largest U.S. ride-hailing company failed to show expected benefits of easing price competition.

China trade data calms volatile global markets

Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.

Wall Street jumps; economic data eases trade worries

U.S. stocks jumped on Thursday, giving the S&P 500 its biggest one-day percentage gain in about two months, as bond yields climbed a day after falling sharply while better-than-expected economic data in the United States and China helped to offset trade worries.

New U.S. pipelines poised to start price war for shale shippers

The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

Facebook loses facial recognition appeal, must face privacy class action

A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.

Oil rises more than 2% on firm yuan, expectations of more OPEC cuts

Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.

Barrick Gold plans to sell Tongon gold mine in Ivory Coast - BBG

Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid-asset-disposals on Thursday.

Venture capital fuels Latam 'unicorns' expansion beyond borders

Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.

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