Bloomberg Twitter Inc. advised users to change their passwords after the company found a bug in its systems that exposed passwords in plain text internally. The company said it removed the non-encrypted passwords from its system, and is working to avoid such an issue happening again. An internal investigation “shows no indication of breach or misuse by anyone” and there’s ...

Bloomberg After President Emmanuel Macron scrapped plans for a high-speed rail connection to Limoges, a city in central France, local entrepreneur Fabien Thibaut picked up his phone to call Elon Musk and talk about the Hyperloop — Musk’s idea for superfast trains zooming in tubes. “This kind of project is essential for a city like ours,” said Thibaut, one of ...

Bloomberg Deutsche Bank AG is literally leaving Wall Street, moving its New York headquarters to midtown Manhattan as the German investment bank embarks on a broad shakeup of its US operations. The company will lease 1.1 million square feet of office space at Columbus Circle, slashing its footprint in the city by 30 percent, the head of Deutsche Bank’s Americas ...

Bloomberg BNP Paribas SA and Societe Generale SA missed out on the trading gains that boosted earnings at some of their US and European rivals in the first quarter, sending their shares tumbling. Trading income at BNP Paribas, the largest French lender, fell 15 percent as a drop in sales from fixed-income, currencies and commodities outweighed a gain in equities, ...

Bloomberg The Bank of England will hold off increasing interest rates next week and cut its forecasts for both growth and inflation, according to economists surveyed by Bloomberg. Just three out of the 54 banks questioned expect a rate hike at the May 10 meeting, compared with about three-quarters of those asked last month. The survey also showed economists are ...

Bloomberg One of the Federal Reserve’s most senior officials and his incoming successor both said that overshooting the US central bank’s 2 percent inflation target for a time is nothing to worry about because the central bank has been below the goal for so long. “I’ve said it many times: being a little above 2 percent after being below 2 ...

Bloomberg Depositors started lining up outside Banesco Banco Universal’s branches in eastern Caracas, hoping to get cash — and answers — after Venezuela’s government seized the nation’s largest privately held bank. Half a dozen police officers carrying assault weapons stood outside the landmark emerald-glass headquarters of the institution known as Banesco after news of what authorities called a 90-day intervention ...

Bloomberg Amazon.com Inc. is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings Inc. and card-issuing banks. The move shows Amazon is willing to sacrifice the profitability of its payments system to spread ...

Bloomberg A Southwest Airlines Co. jetliner made an unscheduled landing after a window cracked, two weeks after an accident on a separate plane in which a passenger was partially sucked out of a destroyed window and died. Flight 957 from Chicago-Midway to Newark, New Jersey, didn’t lose cabin pressure as it diverted to Cleveland, Southwest said in a statement. An ...

Bloomberg Hennes & Mauritz AB Chairman Stefan Persson may be single-handedly propping up shares in the Swedish fashion retailer. In April alone, the billionaire acquired about 18.2 million shares in Stockholm-based H&M for $278 million, bringing the value of purchases since the beginning of last year to 13.4 billion kronor. The transactions mean that Persson and his family now hold ...