Today's Top Story
Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme
(Reuters) - The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc
Business News
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New U.S. curb on Huawei in limbo amid pushback from Pentagon: sources
WASHINGTON (Reuters) - The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China's Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said.
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U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
WASHINGTON (Reuters) - Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo, culminating on Thursday in more than$58 million in fines against eight former executives at the bank.
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Explainer: Bezos allegations put phone hacking technology in the spotlight
WASHINGTON (Reuters) - Allegations that Amazon.com boss and Washington Post owner Jeff Bezos had his phone hacked by Saudi Crown Prince Mohammed bin Salman have put a spotlight on the security of smartphones and the secretive tools used to hack them.
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Economic News
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Trump increases tariffs on derivative steel, aluminum products from some countries
WASHINGTON (Reuters) - U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.
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Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices
New York (Reuters) - Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season.
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Take Five: When China sneezes
(Reuters) - 1/OUTBREAK
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Money News
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To train more workers, companies turn to virtual reality
NEW YORK (Reuters) - The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through.
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Which company just hit $1 trillion? Google it.
NEW YORK (Reuters) - As Google-parent Alphabet Inc became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock's extraordinary gains.
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Activist hedge funds stepped up calls for asset sales and spin-offs in 2019: data
NEW YORK (Reuters) - Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019, according to data released on Wednesday.
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