October is usually a bad month for equities but this has been one of the best thanks to the promise of more stimulus measures from the European Central Bank, a rate cut in China, and low or negative interest rates elsewhere. A slightly more hawkish Fed on Wednesday and the Bank of Japan's decision to refrain from expanding the pace of money printing on Friday spoiled the party a little.
A deal that allows thousands of companies to transfer data from Europe to the United States is invalid, the highest EU court said on Tuesday in a landmark ruling that follows revelations of mass U.S. government snooping.
Google Inc.'s shares surged as much as 14.5% on Friday, adding about $50 billion to its market value, as strong growth in mobile ad revenue allayed concerns its YouTube business could be hurt by Facebook Inc.'s push into video.
Apple Inc. plans to spend €1.7 billion ($1.9 billion) building data centers in Ireland and Denmark in its biggest European investment, with the facilities set to run services such as iTunes and maps for users of its devices.