Week in Review, February 25

Carlos Tavares, PSA chief executive, this week laid out his vision for Opel as a global, profitable entity if General Motors agrees to sell the European brand to the French carmaker, writes Peter Campbell . He said the marque, which owns Vauxhall in the UK and has been lossmaking since the turn of the century, would be exported to markets where Peugeot and Citroen are not strong in the future.

Alphabet’s Google to Shut Down Messaging App ‘Spaces’

Alphabet’s Google will shut down its messaging app “Spaces” on April 17. “Spaces” was the company’s attempt to get in on the group messaging space, allowing users to join small groups to discuss various topics. Its key feature was that it allowed users to pull in Google’s search services and YouTube videos automatically.

FCC chairman delays implementation of internet privacy rules – CNET

Chairman Pai has asked his fellow commissioners to vote to delay implementing part of the FCC’s new privacy rules as it considers petitions that challenge the regulation. The Federal Communications Commission’s new chairman Ajit Pai is hitting the pause button on internet privacy regulations put in place during the Obama administration, which wireless and broadband companies have complained are unfair.

FCC chairman delays implementation of internet privacy rules – CNET

Chairman Pai has asked his fellow commissioners to vote to delay implementing part of the FCC’s new privacy rules as it considers petitions that challenge the regulation. The Federal Communications Commission’s new chairman Ajit Pai is hitting the pause button on internet privacy regulations put in place during the Obama administration, which wireless and broadband companies have complained are unfair.

Cyber Espionage Seen Expanding to Grasp Trump Policy Changes

U.S. government agencies, think tanks and political groups should expect an increase in cyber espionage as countries like Iran try to grasp changing foreign and military policies under the new Trump administration, according to an executive with cybersecurity company FireEye Inc. Nations regularly spy on one another but with President Donald Trump espousing unconventional approaches to foreign policy, there is an heightened urgency to know what shifts may occur, according to John Hultquist, FireEye’s manager of cyber espionage analysis.

Price drop

It’s the only thing they can afford to eat at the moment. “I go to the kitchen and there’s no fish, nothing,” he says.

FCC chair to block implementation of stricter broadband privacy rules

The new U.S. Federal Communications Commission chief will move to block broadband privacy rules, approved by the Obama administration, that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers like AT&T Inc, Comcast Corp and Verizon Communications Corp. The spokesman for FCC Chairman Ajit Pai said Pai believes all companies in the “online space should be subject to the same rules, and the federal government should not favor one set of companies over another.” Pai plans by March 2 to delay the implementation of the rules which subject companies to stricter oversight than websites under Federal Trade Commission rules, the spokesman said.

Trivago Shrugs Off New Competition From Priceline, TripAdvisor

Trivago NV, the German hotel search site that went public in December, isn’t concerned about competitive threats from rivals TripAdvisor Inc. and Priceline Group Inc., as the market is still big enough for everyone to grow. Sales are expected to increase 45 percent to around 1.1 billion euros in 2017, the Dusseldorf, Germany-based company said Friday, sending shares up as much as 4.8 percent in New York.

North America’s Biggest Auto-Parts Maker Sees Border Tax Danger

North America’s largest auto parts maker said a border adjustment tax being studied by President Donald Trump would probably hurt the automobile industry, while also increasing the odds that future factories will be located in the U.S. Canada’s Magna International Inc. said the growth of “protectionist sentiments” could hurt its operations and profitability, according to a company statement Friday. The manufacturer is closely watching a potential tax overhaul in the U.S., Chief Executive Don Walker said on a conference call with analysts and investors.

Brief-Waterstone Financial Quarterly Earnings Per Share $0.23

WASHINGTON, Feb 24 The new U.S. Federal Communications Commission chief will move to block broadband privacy rules, approved by the Obama administration, that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers like AT&T Inc, Comcast Corp and Verizon Communications Corp.

CN power outage halts train movement in Ontario

Feb 24 Passenger and freight train service across south-eastern Ontario were halted on Friday following a power outage at Canadian National railway’s rail traffic control center, a CN spokesman said. “Our crews have been working to restore those systems and that is fully underway.

Meg Whitman’s warning on border tax: ‘It actually lowers the…

Meg Whitman, CEO of Hewlett Packard Enterprise, said she is concerned about the proposed border adjustment tax being pushed by Republicans in Congress, one day after US President Donald Trump spoke favorably about it. “The border adjustment tax is not good for companies that have a relatively low margin with a supply chain that is outside the United States.

Trump again slammed Sweden’s immigration policies at CPAC 2017…

President Donald Trump on Friday doubled down on his argument that Sweden’s refugee and immigration policies were causing a crime wave, during his speech to the Conservative Political Action Conference. During the speech, he noted he “took a lot of heat on Sweden” the last time he had made similar remarks, and he urged the public to again “take a look at what’s happening” in the Scandinavian country.

What to Buy (and Skip) in March

The 31 days between February and April don’t hold any major shopping holidays, but that doesn’t mean they lack their own steals and deals. Navigate through this month’s shopping with the help of our guide to what to buy in March.

Herbert Hoover’s Radio Malware Turns 90

On February 23, 1927, Babe Ruth had still to hit 60 home runs in a season. Yet President Calvin Coolidge would that day sign a bill that would establish how radio spectrum-the “economic oxygen” of the emerging information age-would still be governed 90 years later.

ISPs who don’t want competition get good news from FCC chair

The Federal Communications Commission is preparing to eliminate a requirement that Charter Communications compete against other ISPs with new broadband deployments spurred by its purchase of Time Warner Cable. The FCC’s approval of the merger last year required Charter to deploy broadband with download speeds of 60Mbps to at least 2 million residential and small business locations, of which at least 1 million must be in areas served by at least one other high-speed provider.

CloudFlare Leaks Impact Uber, FitBit, Others

CloudFlare , a private multi-billion-dollar company which secures websites by filtering out hacks, accidentally leaked customer information for months, the company has said. Among the data spilled are “private messages from major dating sites, full messages from a well-known chat service, online password manager data, frames from adult video sites, and hotel bookings,” said Alphabet ‘s Google security researcher Travis Ormandy, who first reported the leak last week.

Stocks Hold Lower as Dow’s Winning Streak Is Threatened

Stocks hold lower on Friday, threatening to snap a 10-day record-breaking streak for the Dow Jones Industrial Average. Stocks held lower on Friday, threatening to snap a 10-day record-breaking streak for the Dow Jones Industrial Average , even as Donald Trump provided more hints as to his promised tax reforms.

European Stocks Slide, Bond Rally as Investors Trim Risky Bets

European stocks retreated Friday as global investors trimmed risk positions amid questions over both the pace of Fed rate hikes and tax and spending plans from President Donald Trump. European stocks traded firmly in the red Friday as global investors trimmed risk positions amid questions over both the pace of rate hikes from the U.S. Federal Reserve and tax and spending plans from President Donald Trump.