November, 2019

• 12 November

  Microsoft’s privacy law covers whole US

  

  Bloomberg Microsoft Corp said it will extend the “core rights” in California’s new privacy law to customers across the US and called for legislators to go further than the state provisions, which have sparked concern in industries from technology to retail. The announcement by the software giant comes as tech companies and trade groups are calling for a national privacy ...

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• 12 November

  PG&E offering $13.5 billion in relief to wildfire victims

  

  Bloomberg Bankrupt utility giant PG&E Corp is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with knowledge of the situation. In doing so, the San Francisco-based power company would be providing the same amount that a group of its creditors — led ...

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• 12 November

  SpaceX launches next batch of 60 satellites

  

  Bloomberg Space Exploration Technologies Corp launched its second batch of 60 Starlink satellite, taking another step towards Elon Musk’s vision to create a network for space-based broadband internet service around the world. One of SpaceX’s Falcon 9 rockets rumbled aloft at 9:56 am on local time from Cape Canaveral Air Force Station in Florida on October 11. The satellites deployed ...

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• 12 November

  Kalanick sells 20% of his stake in Uber

  Bloomberg Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing. The trades came after a 180-day lockup period restricting insider and early investor sales following May’s initial public offering. They ...

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• 12 November

  Adidas abandons robotic factory experiment in US, Europe

  

  Bloomberg Adidas AG plans to idle experimental “speed factories” in the US and Germany, redeploying techniques developed there to suppliers in Asia, where the vast majority of its products are already made. The decision is a setback for anyone who hoped that projects like the speed factories represented the dawn of a new era of manufacturing in Europe and North ...

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• 12 November

  Stocks edge higher amid lull in trade-war; Treasuries drift

  

  Bloomberg European stocks and US equity-index futures edged higher on Tuesday and most Asian shares rose amid a lull in trade-war headlines and simmering tension in Hong Kong. Treasuries fluctuated after a long weekend. The Stoxx Europe 600 Index headed for the first gain in three days as most major national benchmarks in the region advanced. Automakers climbed amid reports ...

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• 12 November

  Japan sees yen problem in latest earnings season

  

  Bloomberg In a disappointing third-quarter earnings season for Japan Inc, one prominent theme is that moves in the yen have been a particular headache. A total of 438 Tokyo-listed companies have cut their full-year earnings guidance, according to data compiled by Bloomberg. Fifty-six of them announced a change to their currency expectations in addition to their lowered profit forecasts. Prominent ...

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• 12 November

  Fed may defy history with rates steady through polls

  

  Bloomberg Federal Reserve Chairman Jerome Powell is likely to signal again this week that monetary policy is on hold, buttressing the belief that he may steer clear of action through 2020. Surprisingly, that would be an historic anomaly for a US presidential election year. Rather than keeping its head down, the Fed has changed policy in one direction or another ...

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• 12 November

  China banks get lifeline from local governments

  

  Bloomberg China’s local governments are helping inject fresh capital into small lenders across the country, part of an expanding campaign to restore confidence in the world’s largest banking system. At least 10 small Chinese banks have raised money this year by selling shares packaged with non-performing loans, in several cases to buyers controlled by local authorities. In at least one ...

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• 12 November

  Deutsche Bank watchdogs sceptical of board nominee

  

  Bloomberg Some of Deutsche Bank AG’s top financial supervisors have doubts that Chief Executive Officer Christian Sewing’s latest pick for the management board is qualified for the job. Several watchdogs are worried that Michael Ilgner, hired as head of human resources from a small non-profit, doesn’t have experience leading large organisations or the banking background needed to join the top ...

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