Trump agrees to prompt responses to license requests for Huawei sales






WASHINGTON (Reuters) - President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make “timely” decisions on requests by U.S. companies to sell to blacklisted Huawei Technologies Co Ltd, the White House said.

But even as the CEOs of the companies “requested timely licensing decisions from the Department of Commerce,” the White House said in a statement that the executives expressed “strong support” for national security restrictions on U.S. telecom equipment purchases and sales to Huawei.

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U.S. farmers look past trade fears to cash in on China's hog crisis






WALCOTT, Iowa/LONDON (Reuters) - It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.

Experts estimate the disease will wipe out about a third of China’s pork production this year, or 18 million tonnes. That’s twice the amount of pork exported worldwide every year and enough to feed U.S. consumers for almost two years.

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Equifax's $700 million data breach settlement spurs criticism, calls for new rules






WASHINGTON (Reuters) - Credit-reporting company Equifax Inc (EFX.N) will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation.

While it was the largest-ever settlement for a data breach, they said the amount was still too small for the millions of Americans affected, and worried it could prove difficult for consumers to be repaid. The agreement also spurred multiple lawmakers to renew calls for legislation giving consumers more control over their personal information.

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Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ






(Reuters) - Apple Inc (AAPL.O) is in advanced talks to buy chipmaker Intel Corp’s (INTC.O) smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Assuming talks dont fall apart, the deal, valued at $1 billion or more, could be reached in the next week, according to the WSJ. (on.wsj.com/2Yi5E6H)

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Huawei's U.S. research arm slashes more than 70% of workforce






SANTA CLARA, Calif. (Reuters) - China’s Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government.

Futurewei, which employed 850 people in the United States, began laying off workers on Monday, Reuters reported earlier, citing employees, including one who spoke as he left the company’s Silicon Valley campus.

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FTC to announce $5 billion settlement with Facebook as early as this week: sources






WASHINGTON (Reuters) - The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter said on Monday.

The FTC, Justice Department and Facebook declined to comment. The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Reuters and other outlets reported July 12 that the FTC had voted to approve the settlement but was awaiting the concurrence of the Justice Department.

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AutoNation names new CEO, posts strong quarterly profit






DETROIT (Reuters) - AutoNation Inc (AN.N), the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.

Cheryl Miller, who was AutoNation’s chief financial officer, immediately replaces Carl Liebert, who will remain for 30 days to assist with the transition.

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Oil prices ease as traders weigh Middle East tensions, demand






SINGAPORE (Reuters) - Oil prices inched lower on Tuesday as the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied amid tensions in the Middle East and traders eyed a weaker demand outlook.

Brent crude LCOc1 futures slipped 2 cents to $63.24 a barrel by 0121 GMT. The international benchmark rose more than 1% in the previous session, following Iran’s seizure of a British tanker last week that stoked fears of supply disruptions from the energy-rich Gulf.

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