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Big Tech ‘monopolies’ targeted in sweeping new antitrust probe by US Justice Department

5 hours ago DieselGasoil Comments Off on Big Tech ‘monopolies’ targeted in sweeping new antitrust probe by US Justice Department
The US Department of Justice is investigating whether Silicon Valley tech giants unlawfully stifled competition in their rise to power, adding to the legal headaches of companies like Google, already under the microscope. In probing how Big Tech players grew and solidified their grip on their respective markets under the nose of regulators, the DOJ Read More

Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations

6 hours ago DieselGasoil Comments Off on Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations
WASHINGTON (Reuters) – The Federal Trade Commission is set to announce on Wednesday that Facebook Inc (FB.O) has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said. FILE PHOTO: A 3-D printed Facebook logo is seen in front of displayed binary Read More

Big Tech faces broad U.S. Justice Department antitrust probe

6 hours ago DieselGasoil Comments Off on Big Tech faces broad U.S. Justice Department antitrust probe
WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in Read More

Superior Energy Services Announces Second Quarter 2019 Results

8 hours ago DieselGasoil Comments Off on Superior Energy Services Announces Second Quarter 2019 Results
HOUSTON, July 23, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) today announced a net loss from continuing operations for the second quarter of 2019 of $71.1 million, or $0.46 per share, on revenue of $436.3 million. This compares to a net loss from continuing operations of $47.7 million, or $0.31 per share, Read More

Halcón Announces Suspension of Trading and Commencement of NYSE Delisting Procedures

16 hours ago DieselGasoil Comments Off on Halcón Announces Suspension of Trading and Commencement of NYSE Delisting Procedures
Denver, Colorado, July 23, 2019 (GLOBE NEWSWIRE) — Halcón Resources, Inc. (“Halcón” or the “Company”) today announced that it was notified by the New York Stock Exchange (“NYSE”) that due to “abnormally low” trading price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, the NYSE has determined to commence delisting proceedings to delist Read More

Franklin Electric Reports Record Second Quarter 2019 Sales and Earnings

16 hours ago DieselGasoil Comments Off on Franklin Electric Reports Record Second Quarter 2019 Sales and Earnings
FORT WAYNE, Ind., July 23, 2019 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) reported record second quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.70, versus a GAAP fully diluted EPS in the second quarter 2018 of $0.64. Second quarter 2019 sales were a record $355.3 million, compared to 2018 second Read More

Iran poised to legalize cryptocurrency mining as potential path out of US sanctions trap

17 hours ago DieselGasoil Comments Off on Iran poised to legalize cryptocurrency mining as potential path out of US sanctions trap
Iran has moved to legalize the mining of bitcoin and other cryptocurrencies, recognizing the energy-consuming digital coin mining as a legitimate industry – and potentially a way around the US sanctions crippling its economy. “A mechanism to mine digital coins was approved by the government’s economic commission and will later be put to discussion at Read More

Australian regulator moves to prescribe stricter terms for executive pay

22 hours ago DieselGasoil Comments Off on Australian regulator moves to prescribe stricter terms for executive pay
SYDNEY (Reuters) – Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector. FILE PHOTO: A woman carries a shopping bag as she walks with other pedestrians along a street Read More

Australian financial watchdog moves to prescribe stricter terms for executive pay

23 hours ago DieselGasoil Comments Off on Australian financial watchdog moves to prescribe stricter terms for executive pay
SYDNEY (Reuters) – Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector. FILE PHOTO: A woman carries a shopping bag as she walks with other pedestrians along a street Read More

Equifax consumers face uphill battle for claims

1 day ago DieselGasoil Comments Off on Equifax consumers face uphill battle for claims
FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell (Reuters) – Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company’s $700 million U.S. settlement announced on Monday, but may face a cumbersome Read More