The Google engineer fired for writing a controversial memo about diversity has gone beyond referring to the company as an “echo chamber” that won’t stand for dissent and now says it’s “almost like a cult.” In an opinion piece for the Wall Street Journal, James Damore gave his explanation for why he was fired, taking […]
Read moreAmazon is speeding its efforts to crack the health care market, hiring a number of high-profile executives, testing Echo technology in top hospitals and creating a secret “1492” team dedicated to health-technology opportunities like telemedicine and electronic medical records. Goldman Sachs is now out with a 30-page report from five research analysts on Amazon’s likely […]
Read moreStarboard Value made a quick buck on medical information site WebMD. The activist hedge fund run by Jeffrey Smith reported a new 425,000 share stake in WebMD for the second quarter ended in June. The stake was valued at around $24.9 million, according to Starboard’s quarterly regulatory filing, which is due about six weeks after […]
Read moreIt’s been a busy week for streaming services, and Amazon is closing things out with a huge announcement: the company has closed an overall deal with The Walking Dead creator Robert Kirkman, along with signing a first-look agreement for his production company Skybound Entertainment. In one fell swoop, it makes Amazon Prime Video the exclusive […]
Read moreGuam’s government is giving sound advice for surviving a nuclear disaster, says one expert. The government of the U.S. territory issued a two-page fact sheet on Friday, after North Korea vowed to launch an “enveloping strike” in the waters around the Pacific island. It recommends doing things such as making lists of nearby concrete buildings […]
Read moreThe Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to verify job-creation claims and rewarding companies that fall short of quotas, according to state audits. The deal to secure Foxconn’s proposed LCD screen plant announced […]
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As the unemployment rate tumbled to its lowest level since 2001, Fundstrat’s Tom Lee found the market is already discounting future rising employee paychecks in stock prices. The firm shared with its clients which stocks will likely benefit most if wages inflation rises. “The labor market is set to tighten more dramatically than consensus realizes, […]
Read moreSome of Uber’s investors want to push out a venture capital firm that’s been pitted against former CEO Travis Kalanick. A shareholder group — including investors Shervin Pishervar, Ron Burkle and Adam Leber — are demanding Benchmark divest some of its shares and step down from the board of the troubled start-up. Axios earlier reported […]
Read moreFacebook and many of its apps have been blocked in China for years. To change that, Mark Zuckerberg has made a big point of meeting with Chinese politicians, reading stodgy Communist Party propaganda, studying Mandarin and — perhaps more daunting — speaking it in public. Now the social network is trying a different way into […]
Read moreTesla launched its first high-yield junk bond offering Friday at $1.8 billion, $300 million more than expected and at a yield of 5.25 percent, according to Informa Global Markets. The greater-than-expected amount indicated high demand. Pricing was expected later in the afternoon. Earlier in the week, Elon Musk’s luxury electric car maker was expected to […]
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