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Facebook Objects to Chris Hughes Essay Calling for Its Breakup

Facebook pushed back Thursday after Chris Hughes, a billionaire co-founder of the company, argued in a New York Times Op-Ed essay that the company should be broken up and regulated.“Facebook accepts that with success comes accountability,” Nick Clegg, Facebook’s vice president for global affairs and communication, wrote in a statement. “But you don’t enforce accountability by calling for the breakup of a successful American company.”The statement followed a lengthy Op-Ed by Mr. Hughes published online Thursday morning arguing that the social media giant be subjected to extensive government oversight and separated into multiple companies, notably by spinning off the photo-sharing app Instagram and the messenger service WhatsApp.…

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Two From China Are Charged in 2014 Anthem Data Breach

SAN FRANCISCO — The Justice Department unsealed an indictment of two Chinese nationals on Thursday, charging them with the 2014 hack of the insurance company Anthem and attacks on three other, unnamed American businesses the next year.The charges were the latest in a string of aggressive moves by American officials who say they are trying to crack down on theft of trade secrets and personal data by China.A federal grand jury in Indianapolis, where Anthem is based, charged Fujie Wang, 32, of Shenzhen, China, and an individual indicted as John Doe with conspiring to commit fraud, wire fraud and intentional damage to a protected computer.The indictment says…

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Uber Prices I.P.O. at $45 a Share, Valuing It at $82.4 Billion

The biggest Silicon Valley initial public offering in years turned out to be less lofty than expected.Uber priced its public offering on Thursday at $45 a share, near the bottom of its expected price range, valuing the ride-hailing company at about $82.4 billion. It raised $8.1 billion from the I.P.O.While the event solidifies Uber’s position as the biggest American technology company of its generation to go public, it will be a disappointment to the investors, executives and cheerleaders who had bigger dreams for it. And it raises questions about whether other money-losing Silicon Valley start-ups poised to list their shares should worry about receiving a cool reception.The…

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Americans’ support for impeaching Trump rises: Reuters/Ipsos poll

NEW YORK (Reuters) - The number of Americans who said President Donald Trump should be impeached rose 5 percentage points to 45 percent since mid-April, while more than half said multiple congressional probes of Trump interfered with important government business, according to a Reuters/Ipsos poll released on Thursday. FILE PHOTO - U.S. President Donald Trump waits to welcome Slovakia's Prime Minister Peter Pellegrini at the White House in Washington, U.S., May 3, 2019. REUTERS/Clodagh KilcoyneThe opinion poll, conducted on Monday, did not make clear whether investigation-fatigued Americans wanted House of Representatives Democrats to pull back on their probes or press forward aggressively and just get impeachment over…

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Scaramucci celebrates hedge funds in Vegas at SALT with less glitz

LAS VEGAS (Reuters) - After a one-year pause, the hedge fund industry schmooze fest organized by Anthony Scaramucci, the investment manager who briefly served as President Donald Trump’s communications director, returned to the Las Vegas strip this week. FILE PHOTO: Anthony Scaramucci, managing partner of Skybridge Capital, speaks at the SALT conference in Las Vegas May 14, 2014. REUTERS/Rick Wilking/File PhotoBut the atmosphere at the 10th annual SALT Conference was much more subdued than in past years, when celebrity hedge fund managers rubbed shoulders with former U.S. presidents at private dinners, poolside parties and late-night gambling at the Bellagio hotel. This time, organizers and attendees said they…

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CEO of Buffett’s Dairy Queen tries to find new tastes, keep franchisees happy

OMAHA, Neb. (Reuters) - The chief executive of International Dairy Queen Inc is counting on the 79-year-old brand, owned by Warren Buffett’s Berkshire Hathaway Inc, to adapt to changing consumer tastes rather than latch onto the latest fad, while ensuring that rising labor and food costs don’t squelch its franchisees. FILE PHOTO: Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking/File PhotoTroy Bader, who became chief executive in January 2018, said his company wants to ensure that devotees keep ordering their Blizzards and chicken strips, without…

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Alabama Senate delays vote on strict anti-abortion bill

(Reuters) - Alabama’s state Senate on Thursday delayed until next week a vote on the strictest abortion bill in the United States after disagreement arose on the Senate floor about whether to allow women impregnated by rape and incest to have a legal abortion. The Alabama debate follows passage of anti-abortion laws in states that border it to the east and west, Georgia and Mississippi, creating what abortion rights advocates have warned would be a massive “abortion desert.” Anti-abortion legislators have introduced strict bills in states across the country, inviting legal challenges in hopes that a case will land before the U.S. Supreme Court. The high court…

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They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.

AUSTIN, Tex. — Brian McMullen’s only plan on a Thursday afternoon in March was to watch as many college basketball games as possible. Parked inside his neighborhood bar and grill and eating brunch tacos, he followed one game on the restaurant’s TV screen while another streamed on his iPhone.As the games played out, Mr. McMullen talked about his new life in Austin, Tex., where he had moved last October from San Francisco. Some of his biggest activities since then: reading the Harry Potter series for the first time and spending more than 100 hours completing “Dragon Quest,” a role-playing video game. He was also working out a…

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Swedish prosecutor to give decision on Assange rape investigation on Monday

FILE PHOTO: WikiLeaks founder Julian Assange is seen in a police van after was arrested by British police outside the Ecuadorian embassy in London, Britain April 11, 2019. REUTERS/Henry Nicholls/File PhotoSTOCKHOLM (Reuters) - Sweden’s state prosecutor will announce next Monday whether or not she will reopen a preliminary investigation into a rape allegation against Wikileaks founder Julian Assange. “At (a) press conference, the prosecutor will announce her decision, which will formally be made immediately before the press conference,” the Prosecution Authority said in a statement. Reporting by Simon Johnson; Editing by Angus MacSwanOur Standards:The Thomson Reuters Trust Principles.

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As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking

BEIJING (Reuters) - China appealed to the United States to meet it halfway to salvage a deal that could end their trade war, with its chief negotiator in Washington for two days of talks hoping to stave off U.S. tariff hikes set to be triggered on Friday. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. Picture taken April 27, 2018. REUTERS/Jason Lee/File PhotoThe two sides had appeared to be converging on a deal until last weekend, when U.S. President Donald Trump announced…

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