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Business News

U.S. stocks led higher by tech on trade optimism; oil rises

U.S. stocks advanced on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices higher.

Huawei's U.S. research arm laying off workers

The U.S.-based research arm of China's Huawei Technologies Co Ltd - Futurewei Technologies Inc - announced worker layoffs on Monday, according to two Futurewei employees.

Equifax to pay $700 million over 2017 data breach, compensate consumers

Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.

Factbox: Biggest U.S. data breach settlements before Equifax

The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers' personal information.

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