Bloomberg Snap Inc.’s CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant he got when his company went public. The Venice, California-based maker of the Snapchat photo-sharing app awarded Spiegel shares equal to 3 percent of the outstanding capital stock when the initial public offering closed in ...

Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by ­higher sales across all product lines in the period that ended on January 31, ...

Bloomberg Dropbox Inc., the file-sharing company that’s been privately valued at $10 billion, filed for a US initial public offering, saying it was at scale and capable of moving fast. The company filed with an offering size of $500 million, according to a filing with the US Securities and Exchange Commission. That amount is a placeholder and is likely to ...

Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...

Bloomberg As the newest cooperator for Special Counsel Robert Mueller, Rick Gates gives prosecutors a powerful weapon in pursuing former Trump campaign chairman Paul Manafort and possible election collusion with Russia. Gates, who pleaded guilty in Washington, was Manafort’s right-hand man and worked with him for a decade in his political consulting firm lobbying on behalf of Ukraine before joining ...

Bloomberg President Donald Trump said it may be “very, very unfortunate” for the world if US sanctions fail to stop North Korea’s nuclear weapons program, as he imposed the largest US penalties package yet against the rogue regime. “Phase 2 might be a very rough thing,” if the sanctions don’t succeed, Trump added at a joint press conference with Australian ...

WASHINGTON / Reuters The United States said it will open its embassy to Israel in Jerusalem in May, a move from Tel Aviv that reverses decades of US policy and is bound to trouble US allies who have already objected. US President Donald Trump announced last December that the United States recognised Jerusalem as Israel’s capital, infuriating even Washington’s Arab ...

Bloomberg German Chancellor Angela Merkel came to Brussels armed with a fresh demand that eastern European Union countries accept refugees and ended up sparking criticism from western allies in the bloc. At her first EU summit since striking a German coalition agreement, Merkel touted the idea of tying generous European regional-development aid for nations such as Poland to their willingness ...

WASHINGTON / Reuters Pakistan need not kill or capture militants such as members of the Haqqani network that use its territory to launch attacks in Afghanistan but could push them across the border instead, a senior US official said. Evicting the militants would put them at risk of attack from Afghan and US forces trying to keep Afghanistan from becoming ...

Here’s today’s quiz: What poses the greatest threat to America’s economy? (a) federal budget deficits; (b) China; (c) trade deficits; (d) ineffective schools; (e) the internet; (f) none of the above. The correct answer is (e), the internet — the technological wonder of the age. True, all the other threats are real. Runaway budget deficits could raise interest rates. China ...