Business

Wall Street posts weekly loss as banks, chipmakers weigh

By The Frontier Post | May 19, 2018

NEW YORK (Reuters): The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising U.S. government…

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Cambridge Analytica starts bankruptcy proceedings in US

By The Frontier Post | May 19, 2018

LONDON (BBC): Cambridge Analytica has filed for bankruptcy in the US. The consultancy was at the centre of the Facebook data-sharing scandal in which it was accused of improperly obtaining information on users. The bankruptcy proceedings are part of the process of closing down the company and its UK parent, SCL Elections, that started in…

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PayPal to buy iZettle for $2.2B in an all-cash deal

By The Frontier Post | May 19, 2018

Monitoring Desk WASHINGTON: PayPal is taking its biggest bet yet on point-of-sale transactions, small businesses and markets outside of the U.S. as it looks to raise its game against Square, Stripe and others in the world of payments: The company has confirmed that it is buying iZettle — the Stockholm-based payments provider commonly referred to as the “Square…

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