1. Facebook: – Ireland’s Data Protection Commission (DPC) said on Wednesday it had launched an inquiry into Facebook Inc (NASDAQ:FB), after a dataset reported to contain personal data relating to some 533 million Facebook users worldwide was made public.
Facebook said in a blog post last week that “malicious actors” had obtained the data prior to September 2019 by “scraping” profiles using a vulnerability in the platform’s tool for synching contacts.
The DPC said that having considered information provided by Facebook, it was of the opinion that one or more provisions of the EU’s General Data Protection Regulation’s (GDPR) and/or the Data Protection Act 2018 “may have been, and/or are being, infringed in relation to Facebook Users’ personal data.”
A spokeswoman for Facebook said the company was cooperating fully with the inquiry “which relates to features that make it easier for people to find and connect with friends on our services.”
2. IBM: – International Business Machines (NYSE:IBM) Corp said on Wednesday its cybersecurity unit has uncovered more digital attacks targeting the global COVID-19 vaccine supply chain since the issue was originally flagged late last year.
The cloud services provider said it recently found that the phishing campaign has targeted 44 more companies which are involved in the complex logistical work of distribution of COVID-19 vaccines in 14 countries.
The campaign is targeting organizations associated with the COVID-19 vaccine “cold chain” – the process needed to keep vaccine doses at extremely cold temperatures as they travel from manufacturers to recipients.
3. Morgan Stanley: – Morgan Stanley (NYSE:MS) reported on Friday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Morgan Stanley announced earnings per share of $2.22 on revenue of $15.72B. Analysts polled by Investing.com anticipated EPS of $1.72 on revenue of $13.95B.
Morgan Stanley shares are up 17% from the beginning of the year, still down 6.70% from its 52-week high of $86.62 set on March 18. They are outperforming the S&P 500 which is up 11.03% from the start of the year.
Morgan Stanley shares gained 1.03% in pre-market trade following the report.
4. Daimler: – Soaring Chinese demand for luxury Mercedes-Benz cars and higher prices drove a better-than-expected profit for Daimler (OTC:DDAIF) in the first quarter, helping it navigate the coronavirus crisis.
Mercedes-Benz sales in China hit 220,520 vehicles in the quarter, a rise of 60%, and outmatched the German carmaker’s performance in Europe where they were up 1.8% to 192,302.
“Favorable sales momentum at Mercedes-Benz Cars driven by all major regions, especially China, strongly supported the product mix and pricing in the first quarter,” Daimler AG (DE:DAIGn) said in a statement on Friday.
This reflected a quickening of China’s economic recovery in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump. Unable to travel, wealthier Chinese consumers have used their disposable income to splash out on luxury items
5. Amazon: – Amazon.com Inc (NASDAQ:AMZN) needs to do better at taking care of its employees, Jeff Bezos said on Thursday in his final letter to shareholders as chief executive officer of the online retail giant.
Bezos’ comments came just days after Amazon warehouse workers in Alabama voted against forming a union by a more than 2-to-1 margin – a major win for the retailer that has fiercely resisted unionization for decades.
“While the voting results were lopsided and our direct relationship with employees is strong, it’s clear to me that we need a better vision for how we create value for employees,” Bezos, the world’s richest man, wrote in the letter.
“I think we need to do a better job for our employees.”