Stocks climb to records on hopes for lower interest rates

Stocks climb to records on hopes for lower interest rates

By KEN SWEET, AP Business Writer. NEW YORK — The major U.S. stock indexes closed at record highs on Friday, with the S&P 500 ending above 3,000 for the first time. The market was driven higher by technology, consumer discretionary and industrial …
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Infosys to hire 18000 people from campuses in FY20, says COO Pravin Rao

Bengaluru: India’s second largest IT services firm Infosys Friday said it will recruit 18,000 people from campuses this fiscal. Infosys, which has over 2.29 lakh employees, is also battling high attrition, although the company asserted that this has not impacted its …
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Judge Gives E-Cigarette Makers 10 Months to Seek FDA Approval

E-cigarette companies like Juul Labs Inc. must submit applications to U.S. regulators by May 2020 to keep their vaping products on the market, a federal judge ruled Friday. The ruling was the result of a court case brought by anti-tobacco groups after the FDA …
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Macquarie-backed MEIF 6 Fibre to buy UK telecoms firm KCOM

(Reuters) – Macquarie-backed MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal valuing the British telecoms company at 627 million pounds ($787.51 million), after seeing off a British pension fund in a five-day auction which ended on Friday. Britain’s …
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Facebook reportedly reaches $5 billion settlement with the Federal Trade Commission

Facebook has reportedly reached a settlement with the Federal Trade Commission over repeated privacy violations, The Wall Street Journal reports. According to the Journal, the FTC voted this week to approve a $5 billion settlement, which has now moved to …
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