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Facebook targeted by US privacy groups over kids’ in-game buys

Facebook Inc is confronting another complaint about its online practices – this time from US privacy advocates that are concerned the company tricked children into making purchases while playing games on the social network.

The organisations argued in a letter to the US Federal Trade Commission that Facebook may have engaged in unlawful “unfair or deceptive practices” and violated COPPA and requested that the agency conduct an investigation. — Reuters

US senators urge FTC to act on Facebook ‘friendly fraud’ practices

Two Democratic US senators called for the Federal Trade Commission to act on a complaint filed by consumer groups against Facebook Inc on Thursday that alleged the company scammed children into spending money on its platform.

"We urge the FTC to review in detail the complaint that was filed today on this issue. It shouldn't take another settlement for Facebook to meet its ethical obligation to protect kids and families on its platform," Markey and Blumenthal said in a statement. — Reuters

U.S. judge weighs expanding lawsuit over family separations to cover more children

(Reuters) - A U.S. judge on Thursday appeared open to ordering the government to find potentially thousands of additional children separated from their parents at the U.S.-Mexico border by the Trump administration, which could greatly expand the scope of a lawsuit challenging the separations.

Target price for Bumi Armada cut to 30 sen

KUALA LUMPUR: CIMB Equities Research has reduced its target price for Bumi Armada to 30 sen from 70 sen on the possibility that the company may need more equity if it hopes to grow its portfolio of FPSO assets, or if banks fail to agree on an extension for its debt repayments.

CIMB Research maintained its “add” call since upside is more than 10%, but highlight that the share price may be volatile given the risk of a potential rights issue.

Parents of drowned student mulling lawsuit against school

KOTA KINABALU: The parents of a 14-year-old student who drowned during a swimming class at the Sports Complex in Likas on Feb 13 is contemplating suing the school for negligence.

Ringgit slips on profit-taking after hitting six-month high

KUALA LUMPUR: The ringgit opened marginally lower versus the US dollar this morning on profit-taking after it closed at the highest level in more than six months, which was last seen on Aug 1, 2018 yesterday.

House Democrats move to block Trump's emergency declaration on border

WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives plan to introduce a resolution on Friday to end President Donald Trump's national emergency declaration on border security, according to aides to Representative Joaquin Castro.

CIMB Research slashes Bumi Armada target price

KUALA LUMPUR: CIMB Equities Research has reduced its target price for Bumi Armada to 30 sen from its earlier 70 sen on the possibility it may need more equity if it hopes to grow its portfolio of FPSO assets, or if banks fail to agree on an extension to its debt repayment.

CIMB Equities Research has reduced its target price for Bumi Armada to 30 sen from its earlier 70 sen on the possibility it may need more equity if it hopes to grow its portfolio of FPSO assets, or if banks fail to agree on an extension to its debt repayment.

Goldman Sachs plaintiffs vie for lead role in 1MDB group suit

Five law firms are vying to take control of litigation against Goldman Sachs Group Inc over the 1MDB scandal, asking a judge to appoint their clients as lead plaintiff in a group lawsuit accusing the bank of misleading investors about its work with the Malaysian state fund.

Woman who joined Islamic State cannot return to U.S., Pompeo says

(Reuters) - U.S. Secretary of State Mike Pompeo said on Wednesday a woman born in the United States who joined the Islamic State militant group did not qualify for U.S. citizenship and had no legal basis to return to the country.