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Facebook's currency Libra faces financial, privacy pushback
SAN FRANCISCO (AP) — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only...
Twice burned: Winklevii overshadowed by Zuckerberg yet again
SAN FRANCISCO (AP) — Can a Libra and two Geminis get along? How about Facebook and the Winklevoss twins? Back in the day, Mark Zuckerberg's hunky Harvard classmates claimed the Facebook CEO stole their idea for the social network when he was just a nerdy undergrad. Now, Facebook's grand plan for a new...
Facebook plans its own currency for 2 billion-plus users
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...
AP Explains: Behind Libra, Facebook's new digital currency
NEW YORK (AP) — Facebook is unveiling a digital currency called Libra as the company seeks to make its ads more valuable by enabling smoother transactions and payments online, particularly among those without credit cards or bank accounts. Libra will use the same security and record-keeping principles as...
Huawei says US sanctions will cost it billions in revenue
SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...
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Lawmakers will hear from pilots who have criticized Boeing
The president of the pilots' union at American Airlines says Boeing made mistakes in its design of the 737 Max and not telling pilots about new flight-control software on the plane. Daniel Carey says Boeing's zeal to minimize pilot-training costs for airlines that would buy its 737 Max jet contributed to errors...
Asian shares up on trade optimism as Trump hints of Xi talks
TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to 21,321.17 in early trading. Australia's S&P/ASX 200 rose 1.0% to 6,637.70. South...
Los Angeles suburb welcomes "HP RoboCop" to force
HUNTINGTON PARK, Calif. (AP) — A Southern California police force is welcoming a robot to the department. Huntington Park police says "HP RoboCop" will provide 360-degree high-definition video footage. It'll become an official member of the force at a Tuesday evening ceremony. The department says the...
Facebook's currency Libra faces financial, privacy pushback
SAN FRANCISCO (AP) — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only...
Twice burned: Winklevii overshadowed by Zuckerberg yet again
SAN FRANCISCO (AP) — Can a Libra and two Geminis get along? How about Facebook and the Winklevoss twins? Back in the day, Mark Zuckerberg's hunky Harvard classmates claimed the Facebook CEO stole their idea for the social network when he was just a nerdy undergrad. Now, Facebook's grand plan for a new...
645,000 clients affected in state Human Services data breach
SALEM, Ore. (AP) — Oregon Department of Human Services officials say they are notifying about 645,000 clients whose personal information is at risk from a January data breach. The Statesman-Journal reports state officials announced the notifications Tuesday and will start mailing them Wednesday. People...
Trump says he'll talk trade with Xi next week in Japan
WASHINGTON (AP) — President Donald Trump said he'll hold trade talks with Chinese President Xi Jinping next week at a summit of nations in Japan. And U.S. and Chinese negotiators will resume talks before the leaders meet. Financial markets greeted the news with relief Tuesday. The Dow Jones Industrial...
The Latest: Lawmaker wants Facebook to suspend currency plan
NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 5:40 p.m. The head of the House Financial Services Committee wants Facebook to suspend plans for a new currency until Congress and regulators are able to study it more closely. In asking Facebook to put the Libra currency...
Facebook plans its own currency for 2 billion-plus users
SAN FRANCISCO (AP) — Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...
Google pledges $1B to tackle housing crunch it helped create
SAN FRANCISCO (AP) — Google is making a $1 billion commitment to address the soaring price of housing in the San Francisco Bay Area, a problem that the internet company and its Silicon Valley peers helped create as the technology industry hired tens of thousands of high-paid workers. The pledge announced...
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