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Category : Business (Archive for 2017-06-14) News by Google
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New York Times
Uber Embraces Major Reforms as Travis Kalanick, the CEO, Steps Away
New York Times
Travis Kalanick, Uber's chief executive, has been under pressure for his aggressive management style. Credit Wang Zhao/Agence France-Presse — Getty Images. SAN FRANCISCO — In Uber's continuing attempt to repair its reputation over a series of ...

Washington Post
David Bonderman resigns from Uber board after making joke about women at company event on sexual harassment
Washington Post
This story has been updated. Billionaire businessman David Bonderman, a member of Uber's board, resigned Tuesday after making what he called an “inappropriate” comment about women at a company-wide meeting that was aimed at addressing the ...

Forbes
Verizon Closes Yahoo, Many Changes Ahead For Its Consolidated Media Services Subsidiary
Forbes
Verizon Communications VZ -1.55% announced today that it closed its acquisition of Yahoo for nearly $4.5B. It also closed the door on Marissa Mayer as she departs from the beleaguered internet company that she led since mid-2012. Two storied brands ...

Reuters
Tech recovery sends Wall St. to records with Fed next
Reuters
Wall Street gained on Tuesday, with the S&P 500, Dow industrials and Russell 2000 setting record closing highs, as technology stocks bounced back and investors positioned for an expected Federal Reserve interest rate hike. The S&P 500 technology sector ...

New York Times
Chairman of Chinese Firm Who Tried to Forge Ties With Jared Kushner Is Detained
New York Times
The detention of Wu Xiaohui, the chairman of Anbang Insurance Group, has significant implications for China and the United States. Credit Thomas Peter/Reuters. The chairman of a Chinese financial conglomerate who tried to forge a business relationship ...

Bloomberg
Mylan's Board Can't Stand Pat
Bloomberg
After several groups called for a board shakeup at Mylan NV, leading proxy adviser Institutional Shareholder Services Inc. has done them one better by taking the unusual step of advocating a full Etch-a-Sketch: removing the company's entire incumbent ...

NBCNews.com
Time Inc. to cut 300 jobs in shift to digital
MarketWatch
In a major restructuring, Time Inc. is eliminating about 300 jobs in the U.S. and abroad, as the country's largest magazine publisher sharpens its focus on digital media and video opportunities. The job cuts and buyouts will affect 4% of the company's ...

Motley Fool
Will a Federal Reserve Rate Hike Mean More Interest in Your Savings Account?
Motley Fool
Historically, rate hikes have translated into more interest for consumer deposits. Will that be the case this time? Matthew Frankel. (TMFMathGuy). Jun 13, 2017 at 3:54PM. When the Federal Reserve announces its latest decision about interest rates on ...

The Hill
Dem accuses Treasury secretary of dodging pledge not to give tax breaks to rich
The Hill
The top Democrat on the Senate Finance Committee on Tuesday accused Treasury Secretary Steve Mnuchin of reneging on a past promise that the Trump administration's tax reform proposal would not include an absolute tax cut for the wealthy, warning that ...

NPR
Trump Administration Gives Industry More Time to Adopt New Nutrition Fact Label
NPR
The Food and Drug Administration has delayed the deadline for food companies to adopt a new Nutrition Facts label on food and beverage packages. A design for the new label was unveiled by Michelle Obama in 2014 at a White House event held on the ...

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