Articles written by: Josh Clayton

Facebook’s Cambridge Analytica Settlement Delayed Due to FTC Split

Facebook’s Cambridge Analytica Settlement Delayed Due to FTC Split

Facebook’s (FB) multibillion-dollar settlement with the Federal Trade Commission over the Cambridge Analytica scandal has been delayed due to a split between Republicans and Democrats at the regulator, the Wall Street Journal reported on Friday, Facebook said in April that it was expecting to pay up to $5 billion for the settlement with the FTC over the privacy mishap. Sources […]

Hudson Pacific Properties Buys Rights to Build Seattle Office Building for $86 Million

Hudson Pacific Properties Buys Rights to Build Seattle Office Building for $86 Million

Hudson Pacific Properties (HPP) said Wednesday that it bought the condominium rights to build an office development adjacent to the Washington State Convention Center Addition in Seattle for $86 million. The planned office tower will be centrally located in the Denny Triangle neighborhood and will have approximately 526,000 square feet of office space and 12,000 square feet of retail. Total […]

Loews Smashes Expectations With First Quarter Earnings as CNA, Boardwalk Units’ Sales Advance

Loews Smashes Expectations With First Quarter Earnings as CNA, Boardwalk Units’ Sales Advance

Loews (L) reported better-than-expected earnings with growth in revenue for its first quarter, as the conglomerate with interests in hotels, entertainment, energy and packaging reported a stronger performance in its insurance and natural gas units. Earnings jumped to $1.27 a share from $0.89 a share previously, while the consensus on Capital IQ was for $0.96 a share. Revenue rose to […]