Friday, April 14, 2017

Fake News Tests Facebook Ahead of French Vote

Facebook says it has ramped up efforts to curb misinformation, including removing accounts and labeling fake news. But video and images disseminating fake news are increasing faster, alongside delays in accrediting Facebook’s fact-checking partners.

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Avaya Files Plan to Slash Debt Load By More Than $4 Billion

Bankrupt telecommunications firm Avaya Inc. has filed a restructuring plan that, if approved by a judge, would cut more than $4 billion in debt from the company’s books.

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Apple Gets Permit to Test Autonomous Vehicles in California

Apple secured a permit for autonomous-vehicle testing in California, the clearest sign to date of progress in the company’s efforts to develop self-driving car technology.

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United Chairman Apologizes Over Passenger's Removal

Nearly a week after police officers violently dragged a passenger off one of its airplanes, United Continental Holdings Inc.’s chairman told the carrier’s employees in a memo that the board is “deeply sorry and upset.”

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Winner of Rights to Prince's Music Feels Shortchanged

Universal Music won the licensing rights to late pop star Prince’s “vault” of unreleased music and other recordings, but people familiar with the matter said the company is concerned it didn’t get what it was promised in its contract.

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REI Founder, a 'Sacrificed Pawn,' Was Rediscovered in Her Old Age

Mary Anderson, founder of outdoor retailer REI, died last month at age 107. Late in life, she was rediscovered for nurturing a tiny cooperative that now has annual sales of more than $2.5 billion and 147 stores.

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FDA Rejects Eli Lilly and Incyte Drug

Eli Lilly and Incyte said the U.S. Food and Drug Administration didn’t approve their new drug application for a rheumatoid arthritis treatment that some analysts estimate could generate more than $2 billion in annual sales.

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