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Academic Behind Cambridge Analytica Data Mining Sues Facebook for Defamation

WASHINGTON — The academic who helped Cambridge Analytica vacuum up private information from tens of millions of Facebook profiles sued the social media giant on Friday, arguing that the company defamed him when it claimed he had lied about how the data was going to be used.Since the full scope of Cambridge Analytica’s data mining was revealed last year, Facebook has repeatedly tried to shift blame for the privacy breach onto the academic, Aleksandr Kogan. Facebook executives — including the chief executive, Mark Zuckerberg — have said Mr. Kogan told Facebook that the data was for academic purposes when it was being collected for use in political…

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Buffett’s Berkshire says vice chairmen Jain, Abel each make $18 million

Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in Omaha May 4, 2013. REUTERS/Rick Wilking/File Photo(Reuters) - Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive. Abel, 56, and Jain, 67, who became vice chairmen in January 2018, both received $16 million in salary plus $2 million in bonus, according to a filing with the U.S. Securities and Exchange Commission. Buffett sets compensation for…

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Excavators may be damaging Ethiopia crash site: diplomats

ADDIS ABABA (Reuters) - Trucks and excavators are going onto the site of the Ethiopian Airlines plane crash, causing concern that vital evidence may be lost or crushed, two diplomatic sources said on Friday. Villagers gather wreckages of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Ababa, Ethiopia March 15, 2019. REUTERS/Tiksa NegeriSome policemen have also been taking selfies inside the yellow tape lines demarcating the scene, witnesses said. The crash five days ago killed 157 people, brought a global suspension of Boeing 737 MAX aircraft and left a charred, debris-strewn crater in an Ethiopian field. “The handling of the site…

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Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash

PARIS/ADDIS ABABA (Reuters) - The grounding of Boeing’s 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday. Ethiopian Airlines Flight 302 crashed soon after take-off from Addis Ababa last weekend, killing 157 people, the second such calamity involving Boeing’s flagship new model after a jet came down off Indonesia in October with 189 people on board. Investigators in France on Friday examined the black boxes of the jet that crashed in Ethiopia as the global airline industry…

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Trump vetoes lawmakers’ measure against border wall

WASHINGTON (Reuters) - President Donald Trump on Friday vetoed a measure to terminate his emergency declaration to fund a border wall, striking back at Republican and Democratic lawmakers who opposed the controversial move with the first veto of his presidency. While Congress is unlikely to muster the votes to override the veto, the rebuke from some members of his own party left Trump politically wounded, at least temporarily, as immigration and his planned wall along the U.S. southern border become a flashpoint again in the 2020 presidential campaign. The bipartisan vote in the Senate on Thursday approving the measure was a slap at Trump over his decision…

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UAL says business could be hurt if 737 MAX groundings extend into summer

FILE PHOTO: A customer is reflected in a screen showing the schedule times of United at Newark International airport in New Jersey , November 15, 2012. REUTERS/Eduardo Munoz(Reuters) - United Continental Holdings Inc said on Friday it would see a negative financial and operational impact on its business if Boeing Co’s 737 MAX jets remain grounded into the peak summer travel season. The parent of the No.3 U.S. airline said it was operating 14 737 MAX aircraft that accounted for about 40 flights a day. (bit.ly/2TD4VLS) United Airlines voluntarily ground all its 737 MAX 9 planes after two deadly crashes of another variant - the 737 MAX…

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Airlines with buyers’ remorse may use Boeing 737 MAX ban to revise orders

DUBLIN/SINGAPORE/MONTREAL (Reuters) - The grounding of Boeing’s global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane. FILE PHOTO: A Southwest Airlines Co. Boeing 737 MAX 8 aircraft taxis after landing at Midway International Airport in Chicago, Illinois, U.S., March 13, 2019. REUTERS/Kamil KraczynskiCountries and airlines around the world banned the 737 MAX this week after a deadly Ethiopian Airlines plane crash killed all 157 people on board. The disaster followed a fatal crash of the same model operated by Lion Air…

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Wall Street gains with tech; S&P 500 posts best week since November

NEW YORK (Reuters) - U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November. China’s state-run Xinhua news agency said Washington and Beijing were making substantive progress on trade talks, providing relief after news that a summit to seal a deal between the two sides would not happen at March-end. Chipmakers, which tend to derive a large portion of their revenue from China, rose. The Philadelphia SE chip index climbed 2.9 percent while the S&P 500 technology index rose 1.2 percent. Despite the mixed news recently on…

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Ex-U.S. intelligence officer pleads guilty to attempted espionage for China

FILE PHOTO: U.S. and Chinese flags are placed for a joint news conference by U.S. Secretary of State Mike Pompeo and Chinese Foreign Minister Wang Yi at the Great Hall of the People in Beijing, China June 14, 2018. REUTERS/Jason LeeWASHINGTON (Reuters) - A former U.S. Defense Intelligence Agency officer pleaded guilty to attempted espionage for China, the Justice Department said on Friday. The officer, Ron Rockwell Hansen, was accused of trying to transmit classified U.S. national defense information to China and receiving “hundreds of thousands of dollars” while illegally acting as an agent for the Chinese government. Hansen started working at the DIA, which specializes in…

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Apple Violated 3 Qualcomm Patents, Jury Finds

Qualcomm won a legal victory against Apple on Friday when a federal jury in San Diego found that Apple owed the mobile phone chip supplier about $31 million for infringing on three of its patents.Qualcomm sued Apple last year, accusing it of violating patents related to improving mobile phones’ battery life.During an eight-day trial in the United States District Court for the Southern District of California, Qualcomm asked the jury to award it unpaid patent royalties of up to $1.41 per iPhone that violated the patents.“The technologies invented by Qualcomm and others are what made it possible for Apple to enter the market and become so successful…

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