Wanted: a seasoned executive to take the top position at a troubled technology start-up. Must be willing to fix a broken culture, deal with an aggressive predecessor, battle a risky lawsuit and prepare the company for an initial public offering. Self-starters preferred. This is essentially the pitch that Uber is making to potential chief executive […]
Read moreThe Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he […]
Read moreStifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO. Analyst Scott Devitt said in a note Thursday that some of the worries surrounding Snap could be overblown: Competition from Instagram remains a chief concern for investors, though recent app download […]
Read moreTraditionally buttoned-up Wall Street bank Goldman Sachs has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment. The fifth-largest U.S. bank by assets told employees in its technology division to “exercise judgment in determining when to adapt to business attire,” according to an internal […]
Read moreSAN FRANCISCO — Uber is famous for its pugnacious approach to business and willingness to fight any and all competition. But in a handful of countries, the ride-hailing company has ended up on a more conciliatory path. The latest example: On Thursday, Uber said it had formed a partnership with Yandex, the Russian search giant […]
Read moreSAN FRANCISCO —The names, addresses and phone numbers of millions of Verizon customers were publicly exposed online by one of the company’s vendors. In some cases, security pins were also exposed by Nice Systems, a Verizon vendor, according to software security firm UpGuard, which uncovered the leak. UpGuard privately informed Verizon of the breach after […]
Read moreThe Financial Conduct Authority, an independent U.K. financial regulatory body, is looking into the possible use of artificial intelligence (AI) and machine-learning tools to enforce regulatory compliance. Nick Cook, the FCA’s head of data and information operations, said that the regulator was “still learning”, and that feedback from a “call for input” from regulatory technology […]
Read moreA French court ruled on Wednesday that Google was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes demanded by the French authorities. The Paris administrative court ruled that Google Ireland Limited was not subject to corporate and value-added taxes for the period 2005-2010, striking down the tax administration’s demands for back […]
Read moreDanielle Weisberg and Carly Zakin, co-founders and co-CEOs of The Skimm, made a gutsy gamble five years ago. They bet that one of the big problems with the news business was the tone. Media outfits took themselves too seriously, and weren’t speaking to young people. The pair’s solution? The Daily Skimm, a newsletter targeting millennial […]
Read moreWhen Mark Zuckerberg said he planned to travel to all parts of the U.S. to meet more Americans and learn about their lives, he wasn’t kidding. Zuckerberg on Wednesday traveled to a former gold mine — located a mile underground in South Dakota — that’s now home to physicists and other researchers looking into things […]
Read more