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CEO Zuckerberg tweaks Facebook mission to focus on groups

June 22, 2017 By David Ingram SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg revised the world’s largest online social network’s mission statement on Thursday to emphasize support for hobby clubs, civil society organizations and other community groups. The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbors and people in the same area with shared interests. Zuckerberg said on his Facebook page that his company’s new mission is to “give people the power to build community…

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bank Business news Robert Kaplan William Dudley 

Stock futures slightly higher as tech sector recovery continues

June 20, 2017 By Tanya Agrawal (Reuters) – U.S. stock index futures were slightly higher on Tuesday as technology stocks continued to recover from their steep selloff last week. The S&P technology sector is coming off two straight weeks of losses on worries about the sector’s valuation and a move into more defensive sectors. Tech stocks have led the S&P 500’s 9.6 percent rally this year. Apple , Amazon , Alphabet and Netflix were all up about 0.3 percent in premarket trading. The S&P 500 and the Dow Jones Industrial…

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Blue Ivy Entertainment Los Angeles news PEOPLE Top News 

Beyonce’s father confirms the birth of her twins in Twitter message

June 19, 2017 (Reuters) – The father of pop star Beyonce turned to Twitter on Sunday to say his daughter was now the mother of twins, confirming earlier reports of the year’s most highly anticipated celebrity birth. “They’re here!” wrote Mathew Knowles in a tweet that included a digital birthday card that read: “Happy Birthday to the twins! Love, Grandad.” The message was the first word from a family member about the birth of the twins, which took place last Monday, according to several entertainment media websites that quoted unnamed…

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bank BOJ Economy Japan news Top News 

BOJ holds policy steady, upgrades view on consumption, global growth

June 16, 2017 By Leika Kihara TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signaling its confidence that an export-driven economic recovery was broadening and gaining momentum. But Governor Haruhiko Kuroda is likely to reassure markets the BOJ will still lag well behind the Federal Reserve in dialing back its massive stimulus program, with inflation far from reaching the BOJ’s 2 percent target, say sources familiar with its thinking. “Private consumption has shown increased resilience…

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bank internet news report Tech Top News 

Digital lender SoFi applies for new bank charter

June 12, 2017 (Reuters) – Social Finance Inc, the online lender known as SoFi, said on Monday it applied for a new bank charter with the U.S. Federal Deposit Insurance Corp. The company has applied for an industrial loan bank charter in Utah under the name SoFi Bank and listed a Salt Lake City location as its address. Online news portal TechCrunch first reported the news of SoFi’s application. SoFi Bank will operate as an online-only institution, with no branches or deposit-taking ATMs, the TechCrunch report said. The bank…

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Bengaluru Editing Business John Flannery news Yashaswini Swamynathan 

Stock futures down as tech rout continues

June 12, 2017 By Yashaswini Swamynathan (Reuters) – U.S. stock index futures were lower on Monday, with Nasdaq futures taking the biggest hit as investors locked in gains on the richly-valued technology sector. Technology stocks have been enjoying a record-setting rally, helped largely by strong quarterly earnings. The S&P 500 technology index has risen 18.5 percent this year and is on track for its best yearly performance since 2014. Apple suffered its worst drop in 14 months on Friday, sparking a selloff in technology stocks amid news of using slower…

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accounts background Money news President Donald Trump Top News 

Ready, set, go: Retirement advice protections are here

June 8, 2017 By Mark Miller CHICAGO (Reuters) – Friday is the day, folks. Starting on June 9, all financial advisers providing guidance on retirement accounts must adhere to the new U.S. Department of Labor rule requiring that they act in your best interest rather than their own. The controversial rule survived a bruising seven-year battle against entrenched interests in the financial services industry, which were seeking to protect excess fees that cost retirement savers $17 billion a year – a full percentage point in annual returns, according to U.S….

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Facebook news political President Donald Trump Tech Top News 

Facebook launches features to connect U.S. users to elected officials

June 7, 2017 By Dustin Volz WASHINGTON (Reuters) – Facebook Inc announced a set of three new features on Wednesday intended to boost civic engagement among users in the United States on its platform by connecting them more easily with their elected representatives. The new offerings come as the social media juggernaut has sought to rehabilitate its image as a credible source of information following a wave of criticism after last November’s presidential election that the company did too little to combat misleading or wholly fabricated political news stories during…

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Filmmaker Michael Moore launches ‘TrumpiLeaks’ website for whistleblowers

June 6, 2017 LOS ANGELES (Reuters) – Documentary filmmaker and liberal activist Michael Moore launched a website called “TrumpiLeaks” on Tuesday to allow whistleblowers to securely leak information to him about U.S. President Donald Trump and his administration. “Patriotic Americans in government, law enforcement or the private sector with knowledge of crimes, breaches of public trust and misconduct committed by Donald J. Trump and his associates are needed to blow the whistle in the name of protecting the United States of America from tyranny,” Moore wrote in an open letter…

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Comedian Kathy Griffin says her career is over after gory Trump photo

June 2, 2017 By Alex Dobuzinskis LOS ANGELES (Reuters) – Comedian Kathy Griffin tearfully apologized in a Friday press conference for posing with a fake bloodied and severed head depicting U.S. President Donald Trump, saying that she felt her career was now over and that Trump “broke” her. Griffin has lost sponsorships and jobs, including her role as co-host of CNN’s New Year’s Eve coverage with journalist Anderson Cooper, since a photograph and video from the shoot appeared on social media on Tuesday. President Trump said the image of Griffin…

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