Equifax, which suffered a massive data breach in 2017 that exposed the personal information of nearly 150 million consumers, has been sending out erroneous notification letters to a “small percentage” of those affected, the company confirmed Monday. Hackers breached the credit reporting agency’s records, exposing data belonging to millions of […]
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Commvault faces proxy battle with activist hedge fund Elliott Management: Sources
Commvault, a provider of backup and recovery software, will soon find itself in a proxy battle with Elliott Management, according to people close to the situation. Elliott is expected to nominate four directors for Commvault‘s 11 member board and is believed to control a position in the company that exceeds […]
Humana, health insurer shares surge on Walmart’s potential bid
Major health insurance stocks rose across the board Monday, the first day of trading since reports revealed Walmart has discussed an acquisition of Humana. Humana shares jumped 6 percent. Shares of Anthem, UnitedHealth and Medicaid-provider Centene all traded roughly 2 percent higher before the bell, while shares of Walmart fell […]
With paper and phones, Atlanta struggles to recover from a cyberattack
Atlanta’s top officials holed up in their offices on Saturday as they worked to restore critical systems knocked out by a nine-day-old cyber attack that plunged the Southeastern U.S. metropolis into technological chaos and forced some city workers to revert to paper. On an Easter and Passover holiday weekend, city […]
US safety agency is ‘unhappy’ Tesla’s Model X crash data was made public
The U.S. National Transportation Safety Board said on Sunday it was “unhappy” that electric car maker Tesla made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month. The agency “needs the cooperation of Tesla to decode the data the vehicle recorded,” […]
Asia markets lose steam to close lower as investors digest China tariffs
Asia Pacific stocks finished the first trading day of the quarter on a weaker note as markets reversed gains seen earlier in the day. Markets also digested new tariffs on U.S. goods announced by China on Monday after Beijing floated the proposal last month. Japan’s benchmark Nikkei 225 lost steam […]
The US needs to relieve the constraints to faster noninflationary growth
Over the last two weeks, the yield on the Treasury’s benchmark ten-year note declined 16 basis points — in spite of the evidence showing a strong growth momentum for the U.S. economy. Labor shortages, increasing order backlogs, slowing supplier deliveries, low customer inventories and sustained upward price pressures are forward-looking […]
Bahrain discovers largest oil field in country since 1932
The Persian Gulf island nation of Bahrain says it has discovered its largest oil field since the country’s first oil well began operation nearly 90 years ago. The government said Sunday that the new resource is “understood to dwarf Bahrain’s current reserves.” Details about the initial findings of size and […]
Japan’s Abe will visit US from April 17 to 20 for talks with Trump
Japanese Prime Minister Shinzo Abe plans to visit the United States April 17-20 for talks with President Donald Trump, he said on Monday. Abe said he would ask Trump to bring up the issue of past North Korean abductions of Japanese citizens, during the U.S. president’s expected summit with North […]
Tell us what you think: What’s most likely to derail the market?
China on Monday announced it was imposing new tariffs on 128 U.S. products, firing the latest salvo in its ongoing back-and-forth over trade with the U.S. Those goods matched a list of U.S. imports Beijing proposed last month in response to U.S. steel and aluminum tariffs. While the move is […]