Facebook revealed the latest numbers about the diversity of its workforce Wednesday, and even though the report reveals progress, minorities remain a small percentage of the company’s global workforce. “We aren’t where we like to be, but we’re encouraged that over the past year, representation for people from underrepresented groups at Facebook has increased,” the […]
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German automakers agree to update software of 5 million diesel cars to cut emissions
German automakers and politicians have come to an agreement to cut emissions by updating the software of 5 million diesel cars. The VDA, Germany’s auto industry association, said that German carmakers would install new engine software to make emissions filtering systems more efficient and tackle air pollution by cutting nitrogen oxide levels by 25-30 percent. […]
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COMPARED with Brexit, Bitexit seems a piece of cake. On August 1st, without much agonising or awkward negotiation, a group of Bitcoin activists and entrepreneurs managed to create a second version of the crypto-currency. It immediately gained a following: in less than a day of existence, the value of a unit of “Bitcoin Cash” jumped […]
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Apple, the world’s most valuable company, added more worth in one day than the market cap of nearly 400 individual companies in the S&P 500. The smartphone maker’s shares surged 6 percent to a new all-time high at Wednesday’s open, a day after it reported better than expected earnings. The gain represented $48.1 billion of […]
Read moreAmazon founder Jeff Bezos is worth an estimated $84.7 billion and has briefly held the title of the richest person in the world. But before the 53-year-old became a tech mogul, he didn’t always have the Midas touch. Bezos spent most of his 20s the way many millennials now do: job-hopping. While in college at […]
Read moreRunning a profitable business in today’s ever-changing tech world is no easy feat, but it’s exactly what Jason Fried and his team at Basecamp have been doing for over 17 years. As a cloud-based software company, Basecamp provides businesses with one central location to organize all internal communications, projects and client work. While a lot […]
Read moreSalesforce has made the fourth leadership change in four years to its second-largest business, Service Cloud, as it struggles to meet revenue goals. The company has also effectively shut down a similar product for smaller businesses, Desk.com, according to sources. Bill Patterson, a 14-year Microsoft veteran who was most recently on the Dynamics team, has […]
Read moreFollowing Apple‘s strong fiscal fourth quarter guidance on Tuesday afternoon, there was some sentiment that the company may be able to ship all of its new iPhones on time this September. UBS isn’t so sure. In a note to investors on Tuesday, analyst Steven Milunovich said that UBS expects “some iPhone channel fill in Sep,” […]
Read moreThe Dow Jones industrial average broke above 22,000 on Wednesday, just five months after hitting 21,000 for the first time. The 30-stock index has gained nearly 1,000 points since March 1, when it hit 21,000 on an intraday and closing basis, thanks in large part to a handful of stocks. Boeing shares have had the […]
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Wal-Mart‘s story as a retailer is “fresher than it’s been in years,” according to Oppenheimer & Co. analyst Rupesh Parikh. And much of the latest momentum around the big-box retailer stems from Wal-Mart’s position to take an even larger share of the grocery market, Parikh wrote in a Wednesday note to clients. Already, groceries comprise […]
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