Everyday News Update

Fed to Shrink Assets Next Month, Boost Rates by Year End – Bloomberg

The Federal Reserve moved to dismantle a pillar of crisis-era support for the world’s biggest economy and stuck with its forecast to raise interest rates again this year, saying hurricane damage won’t derail an otherwise healthy expansion. “Hurricanes Harvey, Irma and Maria have devastated many communities, inflicting severe hardship,” the Federal Open Market Committee said […]

Facebook’s Sheryl Sandberg says anti-Semitic targeting was ‘a fail on our part’ – The Verge

In a post today, Facebook’s chief operating officer Sheryl Sandberg made her first public statement on a recent ProPublica investigation of ad-targeting to hate groups, calling the issue “a fail on our part.” Last week, ProPublica’s investigation found that Facebook clients could target ads using keywords like “jew hater” and “Hitler did nothing wrong.” Sandberg […]

Equifax Says It Had a Security Breach Earlier in the Year – U.S. News & World Report

Equifax Says It Had a Security Breach Earlier in the Year – U.S. News & World Report

Toys R Us: The birth — and bust — of a retail empire – Chicago Tribune

In the early 1980s, a week before Christmas, a woman walked into a supermarket-size store in Tysons Corner, Va., and became so dumbfounded that she started talking to herself. “Where’s the robot?” she said. “And the hairy monster?” A Washington Post story that recounted her muttering did not say she was delusional. She was simply […]

Toys ‘R’ Us Plans Bankruptcy Filing as Soon as Today – Bloomberg

Toys “R” Us Inc., which has struggled to lift its fortunes since a buyout loaded it with debt more than a decade ago, is preparing a Chapter 11 filing as soon as today, according to people familiar with the situation. The move would send America’s largest toy chain to bankruptcy court, dealing another blow to […]

Northrop Grumman scores biggest US defense acquisition loan in six years – Reuters

NEW YORK (Reuters) – Global defense and security systems company Northrop Grumman is backing its US$9.2bn purchase of aerospace and defense technology company Orbital ATK with an US$8.5bn bridge loan, the largest loan for an acquisition by an investment-grade company in the sector in six years. The 364-day senior unsecured bridge financing, which is initially […]

Key Equifax executives departing after huge data breach – Washington Post

NEW YORK — Equifax announced late Friday that its chief information officer and chief security officer would leave the company immediately, following the enormous breach of 143 million Americans’ personal information. The credit data company — under intense pressure since it disclosed last week that hackers accessed the Social Security numbers, birthdates and other information […]

British Airways flight held at Paris airport over security concerns – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. British Airways flight held at Paris airport over security concerns – CNN

Facebook handed Russia-linked ads over to Mueller under search warrant – AppsforPCdaily

16 September, 2017 After revealing that fake Russian accounts bought almost $100,000 of political ads during the 2016 U.S. presidential election campaign on its platform, Facebook has handed over more details to American Special Counsel Robert Mueller. The information, including copies of ads and details about accounts that bought them, was shared with special counsel […]

Two Equifax executives will retire following massive data breach – Washington Post

A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange on Friday. (Michael Nagle/Bloomberg News) A week after Equifax disclosed it suffered a massive data breach that may have compromised sensitive information belonging to 143 million people, the credit reporting agency’s chief information officer, David Webb, and chief security officer, Susan […]

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