Biz/Tech
NEW YORK (AP) — Major indexes struggled to a mixed finish on Wall Street after giving up an early gain. The S&P slipped less than 0.1% Tuesday as losses for technology and health care companies offset gains in other sectors. Elsewhere, the Nasdaq fell 0.1% while the Dow added 0.1%. The back-and-forth trading came as investors returned from the Memorial Day holiday in the U.S. AMC jumped more than 22% after the movie theater operator announced a stock sale.
PARIS (AP) — The new head of the Organization for Economic Cooperation and Development says he is “quietly optimistic” about reaching an international deal on taxing multinational companies. OECD Secretary-General Mathias Cormann made the remarks on Tuesday after taking over from Angel Gurria, who had led the Paris-based organization since 2006. More than 140 countries are taking part in talks convened by the OECD that focus on a global minimum for corporate taxation to deter big companies from shifting their profits to low-tax jurisdictions.
WASHINGTON (AP) — The Justice Department says it has seized two domain names used in a cyberespionage campaign that targeted U.S. and foreign government agencies, think tanks and humanitarian groups. The operation was disclosed last week by Microsoft. The company linked it to the same group of Russian intelligence operatives responsible for the massive SolarWinds intrusion that breached federal agencies and private corporations.
WARSAW, Poland (AP) — Two men accused of spying for China have gone on trial in Poland’s capital. One is a Chinese citizen who is a former sales director of Huawei in Poland and the other is a Polish cybersecurity expert who had worked for a national security agency. Both have pleaded not guilty. Prosecutors requested that the trial be held in secret due to the classified nature of some of the evidence. Although the defendants objected, the court agreed, citing state interests.
PHILADELPHIA (AP) — The Philadelphia police department has reinstated an officer fired in 2019 over Facebook posts saying among other things that refugees should “starve to death.” The Philadelphia Inquirer reported that officer Christian Fenico was reinstated with full back pay after an arbitrator in a grievance filed with the police union ruled Fenico’s social media posts did not prevent him from being a valuable officer. The reinstatement and scheduled arbitration for at least five other officers, comes as the city grapples with the public perception of its officers after several violent altercations with marchers protesting police brutality and racist police practices.
