The plunge of Facebook and Twitter shares in the last two days shows that both companies are hostages to investors’ unrealistic perceptions of how quickly they should grow even as they purge bots and trolls. Moving to eliminate all fake and malicious accounts, as well as making new ones very hard to register, would be scary given these inflated expectations. ...

Singapore’s banks should watch the fallout from the island’s healthcare-data breach. This could get ugly for them. The National Electronic Health Record project is taking a pause after hackers stole data on 1.5 million patients including Prime Minister Lee Hsien Loong, who was “specifically and repeatedly” targeted. Immediate repercussions for banks have already become obvious, with the Monetary Authority of ...

BP Plc’s return to the Permian basin comes via a splashy $10.5 billion deal. But the oil major is trying its utmost not to make waves — and with good reason. BP is buying the Permian position, along with assets in the Eagle Ford and Haynesville basins, from BHP Billiton Ltd. BP left the Permian back in 2010 in the ...

Bloomberg Science fiction writers and technologists have been predicting the arrival of robot butlers for the better part of a century. So far domestic robots have been relatively pedestrian: robot dogs, vacuum cleaners, lawn mowers. Rosie of “The Jetsons” fame? Not so much. That may be about to change. Behind the scenes, big tech companies are funding secret projects to ...

Bloomberg Back in 2004, when selling CD-ROMs was still a lucrative business, BenQ Materials Corp. thought it was time to get out. In the years that followed, the technology became less mainstream, overtaken by everything from flash drives to online downloads. Now, the Taiwanese electronics parts maker is doing it again. This time, it’s cutting back on a different cash ...

Bloomberg Daimler AG will carve itself into three separate units in its biggest overhaul in a decade as the Mercedes-Benz car and truck maker seeks to adapt to the unprecedented shift to self-driving and electric vehicles. The need for change was evident in the German manufacturer’s second-quarter figures that showed another slump in earnings following on from the first three ...

Bloomberg Flaws in jet engine fan blades like one that cracked and broke loose in April, killing a Southwest Airlines Co. passenger, have been discovered on planes operated by several carriers, and the manufacturer is moving to further tighten inspections. General Electric Co., part of a venture that makes the engines, found a cracked blade during post-accident inspections of another ...

Bloomberg JetBlue Airways Corp.’s pilots approved the first labour contract in the carrier’s history. The four-year pact was approved by 74 percent of those voting, with 98 percent of eligible pilots participating, the Air Line Pilots Association said. The agreement is effective from August 1 and was reached after more than three years of negotiations. The contract raises pay rates ...

Bloomberg Delta Air Lines Inc. and United Continental Holdings Inc. are offering free flights for immigrant families detained and separated under President Donald Trump’s “zero-tolerance” crackdown on illegal border crossings. The airlines are providing vouchers for one-way domestic service so that parents and children that have been released can travel to sponsors or relatives in the US. A federal court ...

Bloomberg L’Oreal SA posted disappointing sales of mass-market cosmetics, triggering a slide in the share price even as buoyant Chinese demand lifted revenue from high-end products. The French beauty conglomerate’s sales of consumer brands such as Maybelline rose at a less-than-stellar pace of 2.3 percent in the second quarter, the company said. While L’Oreal turned in a much stronger performance ...