In Silicon Valley, hyperbole is becoming a problem, according to prominent short-seller Jim Chanos. The billionaire who predicted the fall of Enron is warning investors to be skeptical of young, optimistic leaders of companies that he says could end up like disgraced start-up Theranos. “There seems to be a culture where you’re allowed to say […]

Gap appointed Neil Fiske president and CEO of Gap brand, the clothing company announced on Wednesday. Fiske will assume his new role on June 20. “Neil brings significant retail and apparel experience to Gap Inc. and a track record of transforming and repositioning brands,” Gap President and CEO Art Peck said in a statement. Gap […]

The ties between tech and media keep getting tighter. A federal judge ruled Tuesday telecom giant AT&T could purchase media behemoth Time Warner, potentially paving the way for similar mergers. But the two sectors were already pretty linked — if only by their boards of directors. Industry leaders like Apple, Amazon, Netflix and Disney share […]

Elon Musk just made another big bet on himself. Over the last two days, Musk has bought 72,500 shares of Tesla, when shares were trading at $342 to $347, according to an SEC filing. The total purchase is worth about $24.9 million. Tesla has an abundance of skeptics, but Musk has continued to fork over […]

Once a year in mid-winter, Amazon fulfillment center employees are sent an offer called “pay to quit.” Employees who take the offer get paid based on their years of services to the company, the first year the offer is $2,000 and goes up by $1,000 each additional year until it is capped at $5,000. The […]

Comcast announced a $65 billion bid for Twenty-First Century Fox units that are currently in an agreement to be acquired by Walt Disney Co. The bid, announced Wednesday, represents a 19 percent premium to Disney’s offer. Comcast, the parent of CNBC, offered $35 a share in cash. In a letter to Fox’s board, and members […]

The Mars rover Opportunity has pushed its limits for more than a decade but NASA fears the worst as the exploration vehicle tries to survive an intense dust storm. “[The rover] has fallen asleep and is waiting out the storm,” John Callas, Opportunity’s project manager at NASA’s Jet Propulsion Laboratory, told reporters Wednesday. “It’s completely […]

For slightly more than a year, 400 volunteers have tested out Waymo’s self-driving car service in Phoenix, Arizona, for free, letting the driverless vehicles whisk them to work, shopping centers, the bar, or anywhere else within a 100-square-mile radius. In that time, these riders have been filing the non-technical equivalent of bug reports, using the […]

The court’s ruling in favor of AT&T‘s acquisition of Time Warner on Tuesday gave affirmation for dealmakers that the court is willing to factor in the impact of new technology into its view of the regulatory landscape. For the media giants and their peers, that ruling acknowledged the effect of new competition from TV streaming […]

Whole Foods CEO John Mackey on Tuesday held a company town hall in which he assured employees he continues to stand his ground against the grocer’s new corporate parent, according to Business Insider, which said it obtained a recording of that meeting. “I ultimately am not afraid to get fired so — not that I […]