Colgate-Palmolive To Buy French Skin Care Business For $1.69 Bln

Apple disables Walkie-Talkie app after eavesdropping glitch

Apple has disabled the Apple Watch’s Walkie-Talkie app because of a glitch that could allow a user to eavesdrop on someone else’s iPhone without their knowledge or consent, the company said on Thursday.

“We were just made aware of a vulnerability related to the Walkie-Talkie app on the Apple Watch and have disabled the function as we quickly fix the issue,” Apple said in a statement to ABC News. “We apologize to our customers for the inconvenience and will restore the functionality as soon as possible.”

The company added that there no known reports of the bug being exploited for eavesdropping.

“Although we are not aware of any use of the vulnerability against a customer and specific conditions and sequences of events are required to exploit it, we take the security and privacy of our customers extremely seriously. We concluded that disabling the app was the right course of action as this bug could allow someone to listen through another customer’s iPhone without consent,” the company said.

The security flaw was first reported by TechCrunch.

It is the second such eavesdropping bug in the last six months. In February, the company fixed a bug that allowed users to eavesdrop on other iPhone users before a FaceTime chat began.

Worldwide PC sales grow as Windows 7 support fades

Worldwide PC demand grew more than expected in the second quarter, propelled in part by a phasing out of support for Microsoft Corp.’s MSFT, +0.40% Windows 7 operating system, according to research firm International Data Corp. Sales of PCs rose 4.7% to 64.9 million units from the year ago quarter as supply shortages eased, IDC said. "With the January 2020 end of service (EOS) date for Windows 7 approaching, the market has entered the last leg of the Windows 7 to Windows 10 commercial migrations," said Linn Huang, IDC research vice president, in a statement. According to IDC, market share was 25.1% for Lenovo Group Ltd. 992, +0.64% 23.7% for HP Inc. HPQ, +1.26% 17.9% for Dell Technologies Inc. DELL, +2.28% 6.6% for Acer Group, and 6.3% for Apple Inc. AAPL, -0.73% Earlier Thursday, research firm Gartner reported a 1.5% rise in PC sales to just under 63 million units but Gartner does not include Chromebooks that run on Alphabet Inc.’s GOOG, +0.33%GOOGL, +0.28% operating system. Like IDC, Gartner attributed Windows 10 as a catalyst for growth.

Biden leads 2020 Democratic primary race after first debate: poll

The crowded Democratic presidential field has sorted into a top tier of five candidates after the first debate, with former Vice President Joe Biden maintaining a lead and Sen. Elizabeth Warren narrowly behind him, a new Wall Street Journal/NBC News poll finds.

The poll found that 26% of surveyed Democratic primary voters supported Biden as their first choice for the party’s nomination, and 19% supported Warren, of Massachusetts. Sen. Kamala Harris of California and Sen. Bernie Sanders of Vermont were tied in third place, with 13% each, while South Bend Mayor Pete Buttigieg drew 7% support.

Months into the primary campaign, none of the 17 other candidates tested in the survey garnered more than 2% support.

See also: Where the 2020 candidates stand on student debt and college affordability

It was the first snapshot of Democratic preferences for the presidential nomination recorded by the Journal/NBC News poll. The survey didn’t include billionaire Tom Steyer, who announced his candidacy this week.

An expanded version of this report appears at WSJ.com.

TSA says record of nearly 2.8 million passengers screened over July 4 holiday

The latest trends in travel

FBN’s Lauren Simonetti talks to Conde Nast Traveler Contributing Editor Mark Ellwood about the latest travel trends.

The number of people screened at airport checkpoints last Sunday set a record as people streamed home after a four-day July 4th holiday weekend.

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The Transportation Security Administration said Thursday that its officers screened 2,795,014 passengers and airline crew members, barely beating a record set just five weeks earlier, over the Memorial Day weekend.

TSA screens about 2.2 million people on an average day.

The top four days and eight of the busiest 10 in TSA history have occurred this year, as airlines report booming travel demand.

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TSA says that despite Sunday's record crowds, fewer than 1 percent of passengers waited 30 minutes or more in checkpoint lines. The agency is telling summer travelers to arrive at the airport two hours before a domestic flight and three hours before an international one.

ST Now, News As It Happens – July 12, 2019

Welcome to ST Now, News As It Happens. Recap of what happened earlier. Reach us at [email protected] or on Facebook and Twitter @STcom.

Colgate-Palmolive To Buy French Skin Care Business For $1.69 Bln

Colgate-Palmolive Co. (CL) Thursday said it agreed to buy the Laboratoires Filorga Cosmétiques Skin Care Business for an equity purchase price of €1.50 billion or about $1.69 billion.

Colgate-Palmolive says the acquisition is part of its strategy to focus on higher-margin oral care, personal care and pet nutrition businesses and expanding its portfolio in premium skin care.

Filorga is a premium anti-aging skin care brand focused primarily on facial care. Originally founded in France in 1978, the brand is now sold in over 60 countries with its largest markets being France, Italy, Spain and Greater China.

Noel Wallace, Colgate’s President and CEO said, “Filorga is a strong, premium-priced brand with distinctive positioning that fits well within our long-term personal care growth strategy. We are excited that this acquisition will add a high-growth, profitable, global skin care asset to the Colgate portfolio with the opportunity to drive continued growth through expanded distribution and awareness. This acquisition also provides Colgate entry into the fast-growing and sizeable travel retail channel, particularly in Asia.”

Colgate plans to fund the acquisition with a combination of debt and cash. The deal is expected to close in the third quarter. The transaction is expected to have no impact on earnings in 2019.