Here are the top stories and important business and technology news for today, April 10, 2018.
Trump Personal Lawyer Mike Cohen’s Office, Home Raided by Justice Dept.
On Monday the FBI conducted a raid on the office, home and hotel room of President Trump’s personal attorney Mike Cohen. The raid was a direct referral from special counsel Robert Mueller. The Washington Post reported that Cohen was under investigation for possible bank fraud and violations of election law. The Department of Justice reportedly went “to extraordinary lengths” to obtain a warrant for the searches. Records relating to several incidents, including the alleged $130,000 payoff to porn star Stormy Daniels to remain silent before the 2016 presidential elections.
Facebook CEO Mark Zuckerberg to Testify this Week
Zuckerberg will be testifying to several congressional committees this week about the Cambridge Analytica scandal that broke a few weeks ago. This will be a momentous week not only for the future of Facebook, but for basic online and data privacy of users in the United States and overseas.
Poisoned Former Russian Double Agent’s Daughter Released from Hospital
Yulia Skripal, 33, daughter of Sergei Skripal, 66, who was a former Russian counterspy, has been released from the hospital after recovering from the nerve agent attack that also incapacitated her father. Sergei Skripal is still recovering, but is awake and responding well to treatment, according to the director of the Salisbury, southwest England hospital near where they were attacked. The police officer who found them on a park bench was also treated, and was released last month.
School Bus Crash Kills 27 in Himachal, India
23 children and four adults were killed on Monday as a speeding school bus swerved off the road and plunged hundreds of feet into the ravine below. The deceased children were between the ages of 4 and 12, and were part of a group of 40 that were traveling in the bus when the horrific incident took place. The cause of the accident is still unknown, and investigations are underway.
Stocks Leap as China Prez Assuages Trade War Fears
Stocks on U.S. exchanges surged after Chinese President Xi Jinping took a conciliatory tone over trade matters between the two nations. The Dow Jones Industrial Average shot up nearly 500 points on the news. President Xi has promised tariff reductions on imports from the U.S., and better IP protection.
Volkswagen CEO May be Replaced with ex-BMW Exec
The German auto giant’s supervisory board will convene on Friday to vote to replace CEO Matthias Müller. Former BMW executive and VW’s brand chief Herbert Diess is expected to take his place. Sources say Müller has rubbed the Porsche and Piech families the wrong way after suggesting that Audi’s Ducati be divested. He has also suggested that more than 10% of the company’s revenues came from non-core businesses that could be disposed of, invoking the ire of the IG Metall trade union, which makes up 10 of the 20-member supervisory board at VW.
New LG Premium Smartphone Finally Has a Name: LG G7 ThinQ
LG has just confirmed that its upcoming 2018 flagship announced at the MWC 2018 earlier this year will be called the LG G7 ThinQ. Releasing on May 2 in the U.S. and May 3 in Korea, the smartphone will feature capabilities like Voice AI and Vision AI that can also be found on the LG V30S ThinQ. The 6.1-inch phone could come with a 6GB RAM option as a Plus variant.
Windows 10 Spring Creators Update Available Now
Microsoft is yet to release its Windows 10 Spring Creators Update, but you can already get it via the Windows Insider Program. New features include one-click data deleting, App-level GPU management, an improved Game Bar, Swift Pair on-demand Bluetooth pairing, improved tracking for Eye Control, better support for HDR displays and more.