Uber's Tumultuous Year Continues As Finance Chief Departs
AP Photo/Seth Wenig An Uber car drives through LaGuardia Airport in New York. A day after Uber fired the former head of its autonomous vehicle R&D effort the rideshare company said finance chief Gautum Gupta was leaving the company to be COO at a Bay Area startup. The company said the timing of Gupta’s departure was unrelated to Uber’s $708 million loss in the year’s first quarter. The San Francisco-based firm told the Wall Street Journal on Wednesday that first-quarter revenue rose 18..>> view originalBrazil's J&F agrees to pay record $3.2 billion fine in leniency deal
By Ricardo Brito and Tatiana Bautzer | BRASILIA/SAO PAULO BRASILIA/SAO PAULO J&F Investimentos, controlling shareholder of the world's largest meatpacker JBS SA (JBSS3.SA), agreed to pay a record-setting 10.3 billion real ($3.2 billion) fine for its role in corruption scandals that threaten to topple President Michel Temer.The settlement meant Brazil's sweeping graft investigations have now led to the world's two biggest leniency fines ever levied, Brazilian prosecutors said.J&F's penalty su..>> view originalPension funds push for shareholders to shake up Mylan board - Pittsburgh Post
Sterling slips on election fears, conflicting China signals weigh on stocks
SINGAPORE Sterling retreated on Thursday on fears that Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, while conflicting signals on the health of China's manufacturing sector kept most Asian stock markets in check.European stocks, however, looked set to open on a more positive note, with financial spreadbetter CMC Markets expecting major markets to start the day up about 0.1 percent. Sterling GBP=D3 fell 0.1 percent to $1.2877 after a YouGov poll showe..>> view originalOhio Sues 5 Major Drug Companies For 'Fueling Opioid Epidemic'
Purdue Pharma, which makes OxyContin, defended its efforts to combat opioid abuse after it was named in the Ohio suit. Toby Talbot/AP hide caption toggle caption Toby Talbot/AP Purdue Pharma, which makes OxyContin, defended its efforts to combat opioid abuse after it was named in the Ohio suit. Toby ..>> view originalNetflix's CEO Reed Hastings at Mobile World Congress in Barcelona, Spain on February 27, 2017. Paul Hanna ...
Netflix CEO Reed Hastings thinks of Amazon as an "awfully scary" rival and he no longer views the net neutrality debate as a "primary battle" for his popular streaming company.Hastings spoke on a variety of topics—from streaming video rivals to the recent kerfuffle over Netflix movies screening at the Cannes Film Festival—in a pair of interviews on Wednesday afternoon. The Netflix CEO first appeared on CNBC's Squawk Box for an interview before joining tech journalist Peter Kafka on-stage at Reco..>> view original12 Key Takeaways (and the Most Worrisome Slide) From Mary Meeker's 2017 Internet Trends Report
THE MEEKER REPORT JUST DROPPED pic.twitter.com/BaU05spXc0 — Noah Mallin (@NoahMallin) May 31, 2017 Recode rightfully calls Kleiner Perkins Caufield & Byers partner Mary Meeker's annual Internet Trends Report "the most anticipated slide deck of the year." At Recode's CodeConference at the Terranea Resort in California this morning, PowerPoint groupies watched the influential analyst speed through the 355 -- yes, 355 -- slides in her preso. Click through the whole thing here and/or skim our ma..>> view originalWhat Happened in the Stock Market Today
Stocks closed out the month of May on a slightly negative note Wednesday, with the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) both finishing lower by less than 0.15%. Today's stock market Index Percentage Change Point Change Dow (0.10%) (20.82) S&P 500 (0.05%) (1.11) Data source: Yahoo! Finance. Oil dropped sharply over concerns about global output, with futures down 2.9% and the popular Energy Select Sector SPDR ETF (NYSEMKT:XLE) posting a 0...>> view originalUnited faces $435G fine for allegedly flying potentially unsafe plane 23 times
United Airlines may face a $435,000 fine after flying a Boeing 787 that may have been unsafe nearly two dozen times on domestic and international flights in 2014, the Federal Aviation Administration said Tuesday. The agency said United mechanics replaced a fuel pump pressure switch on the plane on June 9, 2014, after a flight crew noted a problem two days before, according to The New York Times. The airline did not perform a required inspection of the work before the plane flew again, the agenc..>> view originalPaul Allen just rolled out the world's largest airplane, and he is ready to take on the rocket makers.
Space launch company Stratolaunch Systems rolls its twin-fuselage plane out of its hangar for the first time to conduct fueling tests. (Reuters) The initial construction of the massive airplane Paul Allen has been quietly building in the California desert is complete, and the vehicle, which would be the world’s largest airplane with a wingspan wider than Howard Hughes’s Spruce Goose, was wheeled out of its hangar for the first time on Wednesday. Called Stratolaunch, the plane has some imp..>> view original
Thursday, June 1, 2017
Uber's Tumultuous Year Continues As Finance Chief Departs and other top stories.
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