First-time entrepreneur Ethan Perlstein has a unique strategy to get ahead: Telling the truth. “To beat me, any potential rivals would have to out-transparency me,” said Perlstein, in an interview with CNBC. “And that’s anathema to the status quo.” Perlstein’s approach with his start-up, Perlara, which is working with families to find cures for rare […]
Read moreTexas Instruments is about to have a new CEO for the first time in 14 years. Rich Templeton, who took the helm of the semiconductor company in 2004 and became chairman four years later, is being succeeded as CEO by Brian Crutcher, a 22-year veteran of the company, Texas Instruments said on Thursday. Templeton has […]
Read morePresident Donald Trump sang Apple‘s praises on Thursday, a day after the company unveiled an ambitious — but vague — U.S. investment plan. “Tim Cook is a great guy — the head of Apple,” Trump said at an event in Coraopolis, Pennsylvania on Thursday. “In the news, I heard $350 billion, I thought, ‘You mean […]
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There is “no evidence” that the adoption of Tasers reduces police use of firearms, according to a study released this week from the University of Chicago. While the latest study found that the electric shock weapon reduces the rate of police injury, it also determined that police use of firearms remained unchanged. The team studied […]
Read moreIBM saw its stock go down more than 4.5 percent after it reported better-than-expected earnings for the fourth quarter and full year of 2017. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, $5.18 in earnings per share vs. $5.17 in earnings per share as expected […]
Read moreThe new tax law helped paved the way for much of Apple’s plan to contribute $350 billion to the U.S. economy, Apple CEO Tim Cook told CNBC’s Jim Cramer. “While some of these efforts were indeed in the works, Washington enabled most of this job-creating plan to occur by changing the tax code to allow […]
Read moreFormer Uber CEO Travis Kalanick pushed for buying self-driving truck startup Otto — a purchase that led to a multibillion-dollar lawsuit — despite warnings from other senior executives, according to a profile published by Bloomberg. As Uber contemplated buying Otto in 2016, Salle Yoo, Uber’s general counsel, reportedly expressed her “serious reservations” to Kalanick, Bloomberg […]
Read moreAs the high-profile bidding war to host Amazon‘s second headquarters enters the final stages, one region seems to have an edge over the more than 200 cities and counties that initially expressed interest. On Thursday, the company said it had narrowed down the list to 20 locations. Based the criteria Amazon identified when it kicked […]
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EVEN for a global industry like aviation, Primera Air’s business model seems remarkably cosmopolitan. The Icelandic-owned budget airline is headquartered in Latvia, but mainly operates low-cost flights from Denmark and Sweden to sunny places in the Mediterranean. This summer, it will begin long-haul flights from Britain and France to America. The company bears more than […]
Read moreAmazon has whittled down the list of finalists for its second headquarters to 20 metro areas, from a pool of 238 proposals. The contenders aren’t too surprising, as the front-runners identified by a CNBC analysis are still in the mix. Mayors and elected officials from the finalist cities are making their pitch. Here’s how representatives […]
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