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    Tesla has informed shareholders that it intends to complete a three-in-one 'stock split', designed to increase the number of shares available and bring down their price. The update was published on Friday, as part of their latest SEC filing, which also announced an August 4 date for the annual shareholder meeting, and said that billionaire software magnate Larry Ellison, 77, was stepping down from the board. Under the proposal, which the board has approved and now needs shareholder agreement, a person owning one share will now own three, with each of those shares worth a third of the original one. Tesla's shares closed on Friday at $696, meaning that if the stock split went into effect immediately, each share would be worth $232. The company said the scheme was to benefit their employees, saying it was designed to 'reset the market price of our common stock so that our employees will have more flexibility in managing their equity'. Elon Musk, 50, will preside over a Tesla shareholder meeting in Austin, Texas on August 4. His company has announced a three-for-one...
    A 39-YEAR-old worker died after falling into a molten iron vat of 2,600 degrees Fahrenheit molten - leaving half of his body lying on the floor. Steven Dierkes, of Peoria, Illinois, died instantly after he was presumably working alongside a crucible when he fell in, according to Peoria County Coroner Jamie Harwood. 2Steven Dierkes, of Peoria, Illinois, died on June 2Credit: Facebook 2Steven Dierkes' death remains under investigationCredit: Facebook Harwood said the Thursday incident - which took place at the Caterpillar Mapleton Foundry - was accidental and no foul play is suspected, the Peoria Journal Star reports. Deputies were called to the facility around 10am on Thursday morning in regards to an "occupational accident," Peoria County Sheriff's Office Capt. Chris Watkins said. Caterpillar spokeswoman Lisa Miller released the following statement to The Sun: "We are deeply saddened by the death of an employee who was involved in a serious incident at our Mapleton, Illinois, facility on June 2. "Our thoughts are with this employee’s family, friends and colleagues. "The safety of our employees, contractors and visitors is our top priority." Read More on...
    In this article PTONA Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019.Shannon Stapleton | ReutersPeloton's chief financial officer, Jill Woodworth, is leaving the company and will be replaced by Liz Coddington, an executive at Amazon Web Services, effective next week, the company announced Monday. The handover marks another departure among the at-home fitness company's top ranks. Peloton earlier this year appointed Barry McCarthy, formerly CFO at Netflix and Spotify, to the role of chief executive officer. McCarthy took the helm from founder John Foley at a time of intense upheaval at the company, which has suffered from rising costs and waning demand. He's launched the company on an aggressive cost restructuring plan that in part emphasizes recurring subscription revenue. "Liz is a deeply talented finance executive and will be an invaluable addition to Peloton's leadership team," McCarthy said in a release. "Having worked at some of the strongest and most recognizable technology brands, she not only brings...
    New York (CNN Business)"Dancing with the Stars" is headed to streaming.Disney (DIS) announced Friday that the series, in which celebrities compete to be named the best ballroom dancer, will exclusively air on Disney+ in the US and Canada starting in the fall. It's the first live series to debut on the streaming service, and it will no longer appear on ABC.Kareem Daniel, chairman of Disney Media and Entertainment Distribution, cited "the show's broad appeal, as well as the overwhelming popularity of its Disney-themed competition nights," saying the move will help Disney+ "expand our demographic reach.""Dancing with the Stars" premiered in 2005 on Disney-owned network ABC, and since then it's garnered a loyal following and solid viewership for 30 seasons. In its announcement, Disney noted the show's most recent fall season's viewership put it in the top five most-watched unscripted series for adults age 18 to 49.Given the success of "Dancing," Disney's choice to move the series exclusively to streaming and away from network TV might seem surprising. But Disney is pouring tons of resources into Disney+, the company's crown jewel...
    New York (CNN Business)Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on Wednesday about halting all programming in the country. WarnerMedia, CNN's parent company, previously paused the release of "The Batman" in Russia, citing the "humanitarian crisis in Ukraine."As of Wednesday the company is now "pausing all new business in Russia," CEO Jason Kilar said in an internal memo. "This includes ceasing broadcast of our channels, halting all new content licensing with Russian entities, and pausing our planned theatrical and games releases."WarnerMedia had been broadcasting CNN and Cartoon Network in the country. CNN said on Tuesday that the network is not shutting down its Moscow bureau, "but we have ceased reporting from there until we have assessed the impact of this new law." The law makes it a crime to disseminate what Russian authorities consider to be "fake" information about the invasion of Ukraine.Discovery, which has 15 channels in the country, said Wednesday that the channels are going dark as well. "Discovery has decided to suspend the broadcast of all its channels...
    In this article SOBKYMarcelo Claure, Chairman of WeWork, Inc., speaks during an interview at WeWork's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021.Brendan McDermid | ReutersSoftBank Chief Operating Officer Marcelo Claure is preparing to resign from the the Japanese technology conglomerate as soon as today, according to people familiar with the matter. Claure has been in discussions to leave for SoftBank for several months, said the people, who asked not to be named because the negotiations are private. Claure may want to run his own investment firm, one of the people said. Claure joined SoftBank in 2013 after selling a majority stake of wireless provider Brightstar to the company for $1.26 billion. He later became CEO of the Softbank-majority owned Sprint, which successfully merged with T-Mobile in April 2020. When Claure stepped down as Sprint CEO in 2018, he took on additional roles at SoftBank, including COO at SoftBank Group and CEO at SoftBank Group International. SoftBank Group chairman and CEO Masayoshi Son chose him to revamp WeWork in October 2019...
    Bob Iger, chief executive officer of Walt Disney Co., waves as he arrives for the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Tuesday, July 5, 2016.David Paul Morris | Bloomberg | Getty Images Disney chairman and former CEO Bob Iger told CNBC he began thinking about stepping down as CEO after feeling he was becoming too dismissive of other people's opinions. "Over time, I started listening less and maybe with a little less tolerance of other people's opinions, maybe because of getting a little bit more overconfident in my own, which is sometimes what happens when you get built up," Iger told CNBC's David Faber in an exclusive interview. Iger, 70, is leaving Disney after running the company from 2005 to 2020. He stepped down last year as CEO, replaced by Bob Chapek, but has stayed on as chairman through the pandemic. He will officially give up his chairman role at the end of the year. While Iger didn't speak about specific decisions, he said he was increasingly invalidating points from co-workers because he'd...
    A robot car of the General Motors subsidiary Cruise is on a test drive in 2019.Andrej Sokolow | picture alliance | Getty Images Dan Ammann, CEO of General Motors autonomous vehicle branch Cruise, is leaving the company, GM announced Thursday. Cruise's President and CTO Kyle Vogt will take over as interim CEO, the company said. GM said the leadership change comes along with plans to accelerate a strategy it laid out at its most recent Investor Day, with Cruise playing a key role in building out its autonomous vehicle platform. This is breaking news. Please check back for updates.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    David Marcus, now head of Facebook Financial or F2, testifying about Facebook's proposed digital currency previously known as Libra, during a Senate Banking, House and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, July 16, 2019. The cryptocurrency was renamed Diem in December 2020.Saul Loeb | AFP | Getty Images David Marcus, the head of Facebook parent company Meta's cryptocurrency efforts, announced on Tuesday he will be leaving the company at the end of the year. Marcus's departure comes after the company tried and failed to launch a cryptocurrency that could be used by online users to send money to anyone in the world via Facebook products. Marcus joined Meta, the company formerly known as Facebook, in August 2014 as vice president in charge of the company's Messenger service, according to his LinkedIn profile. He left the Messenger division to launch Facebook's financial projects unit in May 2018. That division announced the company's Libra blockchain currency and the Calibra digital wallet in June 2019, saying that the hope was for both projects to go live in 2020....
    A BOSS has been labelled as a con artist after one woman claiming she was sacked for turning up on time and leaving when her shift finished. In a Reddit post, the woman asks "am I the a**hole for not shutting up and working for free?" after her boss tried to make her work a 16 hour shift. 2A woman claimed she was fired from her job after receiving a warning from her boss for doing the 'bare-minimum'.Credit: Getty Sharing her story anonymously, the woman said that her boss expected her to work up to eight hours of overtime on certain shifts. She also claimed she was fired from her job after receiving a warning from her boss for doing the 'bare-minimum' and not working longer, unpaid shifts. She was hired by an unknown company in Australia and said that she asked to invoice the company for her overtime, but the boss refused, saying she's not a 'team player'. Taking to Reddit, she said: "A couple of weeks ago my boss starts saying that she's noticed I do the bare minimum…...
    Former President Donald Trump lashed out at anchor Brian Williams over the anchor’s departure from NBC — a full four days after that news broke. With the timeliness of a distracted carrier pigeon and the reflexes of an intoxicated brontosaurus, Trump delivered his reaction to Williams’ departure Saturday afternoon in  one of those statements-that-look-like-tweets-but-aren’t that have been his primary mode of communication now that he is banned from most social media platforms. In the statement, Trump was gracious as ever: – November 13, 2021 – Statement by Donald J. Trump, 45th President of the United States of America Looks like Lyin’ Brian Williams is leaving ratings-challenged MSNBC to search for new employment. Never had the credibility to do what he is doing after he was caught lying about his involvement in a fake military airplane skirmish. He later confessed, it never happened. He’s tired of his current show and they’re obviously tired of him—won’t be missed! News of Williams’ departure broke Tuesday night. “Following much reflection, and after 28 years with the company, I have decided to leave NBC upon the completion of my...
    Allison Williams is leaving ESPN. Williams previously announced that she was taking time away from reporting from live sporting events because she didn’t want to take the coronavirus vaccine while also attempting to have a child, and she’ll now leave the company for good. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) This will be the first fall in the last 15 years I won’t be on the sidelines for College Football. My heart hurts posting this but I’m at peace with my decision. pic.twitter.com/np5V3gdrfW — Allison Williams (@AllisonW_Sports) September 9, 2021 In an Instagram video, Williams explained that her attempt to get an exemption was denied and that means she has to leave. “Whether you agree or disagree with me, thanks for listening. I will not echo or harbor the hostility that some may feel toward my decision. Doing everything I can to move forward and stay positive,” Williams captioned the video in part. She also stated, “I’m so morally and ethically not aligned with this.” You can watch her full comments below.  ...
    Ozy Media, the embattled digital news site, has announced it is shutting down following a series of damaging allegations of using smoke-and-mirrors tactics to deceive investors and partners. 'At Ozy, we have been blessed with a remarkable team of dedicated staff,' the company's board of directors said in a statement to the New York Times late on on Friday afternoon.  'Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude and who are wonderful colleagues. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy's doors,' the company added.  Ozy had raised a total of $70.3 million in venture capital funding since its inception in 2013, and the shutdown means that those investors will likely see their hopes of a return evaporate.  The company's well-heeled investors include the Berlin-based media powerhouse Axel Springer and Laurene Powell Jobs' Emerson Collective.  Ozy Founder Carlos Watson speaks onstage during Ozy Fest 2018 at Rumsey Playfield in Central Park on July 21, 2018. The company is now shutting down Developing story, more to...
    Pedestrians pass in front of a Bank of America Corp. branch in New York.Mark Kauzlarich | Bloomberg | Getty Images Two trusted deputies of Bank of America CEO Brian Moynihan will depart at the end of the year, setting up a succession race among the company's top managers. Tom Montag, 64, who is chief operating officer and leads the global banking and markets division, as well as Anne Finucane, 69, the bank's vice chairman, are both retiring, the bank said Thursday in a release. The Charlotte, North Carolina-based firm is the second biggest U.S. bank by assets. Montag was considered the obvious candidate to replace Moynihan should circumstances require it. He joined Bank of America in 2008 through its acquisition of Merrill Lynch during the financial crisis, but had spent the bulk of his career as a Goldman Sachs trading executive.Anne FinucaneCameron Costa | CNBCAs vice chairman, Finucane was responsible for the company's strategic positioning, as well as its environmental, social and corporate governance, or ESG, and public policy efforts. But her sway within Bank of America extended beyond her...
    In this article GOOGL FB SNAP Joseph Melles is a content creator who has made thousands from Snap's Spotlight feature, but he is now planning to post his content elsewhere after payments from the company have started to dry up.Courtesy of Joseph MellesJoseph Melles had been working at Wendy's for a few months when he began to post videos to Snapchat's Spotlight feature in hopes of landing some of the $1 million per day prize money the company was offering for videos that went on the app.  Melles started posting videos in March, and Snap, the company that makes Snapchat, sent him a message in April offering him thousands of dollars after one of his videos racked up 300,000 views in 24 hours. Melles got a $19,600 payment from Snap for the video, and he quit his Wendy's job a few days later. "I was just in shock," said Melles, 18 of Colorado. Snapchat set the bar last year when it announced it would pay out Spotlight creators from a pot of $1 million per day that the company...
    In this article ATVIAn employee holds a sign during a walkout at Activision Blizzard offices in Irvine, California, U.S., on Wednesday, July 28, 2021.Bing Guan | Bloomberg | Getty ImagesBlizzard President J. Allen Brack is leaving the company, Activision Blizzard announced Tuesday. The move comes after a July lawsuit filed against Activision Blizzard by the California Department of Fair Employment and Housing that alleges discrimination and sexual harassment against women at the company. Brack was mentioned in the lawsuit, which alleged he was aware as early as 2019 that employees were leaving because of sexual harassment at the company. Brack did not immediately respond to a CNBC request for comment sent to his Yahoo email account. Blizzard Executive Vice President Jen Oneal and Blizzard Executive Vice President and General Manager Mike Ybarra will serve as co-leaders of Blizzard, as Brack leaves to "pursue new opportunities," wrote Activision Blizzard President and Chief Operating Officer Daniel Alegre. "With their many years of industry experience and deep commitment to integrity and inclusivity, I am certain Jen and Mike will lead Blizzard with care, compassion and a dedication...
    In this article ATVIAn employee holds a sign during a walkout at Activision Blizzard offices in Irvine, California, U.S., on Wednesday, July 28, 2021.Bing Guan | Bloomberg | Getty ImagesActivision Blizzard President J. Allen Brack is leaving the company, Activision Blizzard announced on Tuesday. The move comes after a July lawsuit filed against Activision Blizzard by the California Department of Fair Employment and Housing that alleges discrimination and sexual harassment against women at the company. Blizzard Executive Vice President Jen Oneal and Blizzard Executive Vice President and General Manager Mike Ybarra will step in as co-leaders of Blizzard, as Brack leaves to "pursue new opportunities," wrote President and Chief Operating Officer Daniel Alegre. "With their many years of industry experience and deep commitment to integrity and inclusivity, I am certain Jen and Mike will lead Blizzard with care, compassion and a dedication to excellence," he added. The announcement comes less than a week after employees staged a walkout outside the company's Irvine, California, office against management's dismissive response to the July 20 lawsuit. The suit alleges Activision Blizzard has a "frat boy culture" that's a...
    Control: Britney Spears' estate is now back in the hands of father Jamie, 68 Bessemer Trust, the proposed new co-conservator of Britney Spears' $60m estate, is already seeking to resign a day after their appointment became official, DailyMail.com can confirm.  The private management company is seeking an emergency hearing on Friday, to resign immediately and distance themselves from any involvement in Spears' financial matters. According to a court document filed Thursday, obtained by DailyMail.com, the company said it was requesting to withdraw 'due to changed circumstances.'  This would effectively leave her father Jamie Spears, 68, as the sole conservator of Spears' estate once again. Eight months after approving Bessemer Trust as the co-conservator, Judge Penny finally signed the order this week. However, days later, Bessemer Trust - that manages more than $100 billion in assets - made an ex parte application, an emergency hearing to officially withdraw. They cite a change in circumstances, referencing the bombshell June 23rd hearing where Spears pled with Judge penny in a 25 minute speech to remove her father, and the current team from...
    President of Global Marketing Solutions for Facebook, Carolyn Everson attends the forum titled "Poverty Alleviation & Economic Development" within the One Young World Summit 2017 at Agora Conference & Special Events Center in Bogota, Colombia on October 05, 2017. (Photo by Lokman Ilhan/Anadolu Agency/Getty Images)Lokman Ilhan | Anadolu Agency | Getty Images Facebook global ads chief Carolyn Everson is departing the company.  Everson, who had been at Facebook for more than a decade, has served as face of the company for major advertisers as the vice president of its Global Business Group. Facebook is an advertising giant that is expected to command nearly a quarter of digital ad spend globally in 2021, according to eMarketer. "I am extremely proud of what we set out to accomplish but way more proud of my team and the support we showed each other, especially in difficult times," Everson wrote in a post on her Facebook page. "I always said no one will ever mention at my funeral the amount of revenue I oversaw.  But hopefully one day someone will say my legacy...
    DEAR HARRIETTE: Is it normal that I do not completely trust my husband to take care of my kids by himself? Harriette Cole  I’m going out of town to see my mother for a week, and I seriously don’t know that my husband will be OK alone with the kids. I don’t want to offend him by telling him that I’m worried, but I am worried. I keep the kids on a tight schedule, and he is not the most organized person. What should I do? Happy Family DEAR HAPPY FAMILY: It is not unusual for a mother to be overly protective of her children, even when it comes to their father. Yet it is important for you to relinquish a bit of control. It is important for your husband to be able to take care of his children. No, he will not be an exact replica of you, and that’s OK. You should sit down with him and share your recommendations for what needs to happen when you are away. Depending on your children’s ages and needs, his responsibilities...
    The Google logo outside if its New York City offices, which were closed on May 19, 2020 due to the coronavirus pandemic.Ben Gabbe/Getty Images Samy Bengio, a well-known researcher at Google's research group Brain, announced on Tuesday he's resigning from Google. Bengio is the highest-ranked official to depart amid the fallout from Google's handling of ethics researcher Timnit Gebru, a well-known artificial intelligence researcher at Google who said the company abruptly fired her last fall after she requested clarity about a retracted paper. "This is one of the most difficult emails I can think of sending to all of you: I have decided to leave Google in order to pursue other exciting opportunities," Bengio wrote in an email to his Google research team obtained by CNBC. "There's no doubt that leaving this wonderful team is really difficult." His last day is April 28. Bengio oversaw Gebru's team and said in December that he wasn't notified the company had fired Gebru. He started at Google in 2007, according to his LinkedIn profile. Bloomberg first reported Bengio's resignation. "I stand...
    (L-R) Actor Casey Affleck with his award for best actor in 'Manchester By The Sea' and Amazon SVP Jeff Blackburn attend the Amazon Studios Oscar Celebration at Delilah on February 26, 2017 in West Hollywood, California.Todd Williamson | Getty Images Jeff Blackburn, Amazon's SVP of business and corporate development, is leaving the company after a year-long hiatus, adding to a recent turnover among Amazon's leadership ranks. Blackburn, who went on a one-year sabbatical in 2020, was considered one of CEO Jeff Bezos' top lieutenants during his 22-year tenure at Amazon and was often mentioned as a potential successor to Bezos. Blackburn had roles in a range of businesses throughout his time at the company, including Amazon's Prime Video streaming unit, its Amazon Studios film division, Amazon Music and its advertising unit. News of Blackburn's departure and his farewell memo were previously reported by GeekWire. An Amazon spokesperson confirmed his departure to CNBC. Blackburn announced his exit from the company in an internal memo sent to members of Bezos' S-Team, a tight-knit group of over a dozen senior executives from...
    LG has lost $ 4.5 billion in the last five years with its mobile phone division. It seems that they conquer the public with their smartphones not the best quality of the tech company. With this panorama, rumors about its exit from the smartphone market have been growing in recent months. Even as reported by The Korea Herald, LG Electronics CEO Brian Kwon sent a message to staff on Wednesday “hinting” that there would be “an important change” in the operation of the division. “Regardless of any change in the direction of the commercial operation of smartphones, employment will be kept, so no need to worry”The message read, according to the Korean media. The Korea Herald spoke with an employee of the technology company and he stated that “given that competition in the global market for devices mobiles is getting fiercer, it’s time for LG to make a cold judgment and make the best decision”. And he added: “The company is considering all possible measures, including the sale, recall and downsizing of the smartphone business”. It is speculated that this...
    Naturally, LG has also been showing off its rollable phone, which was expected to debut at some point this year. That, however, is likely to sit in the ultra-premium tier, and may not be enough to reverse LG’s ever-dwindling market-share which StatCounter said had fallen to 1.7 percent in December 2020. That same month, LG announced that it would outsource the design and construction of its low-end phones to third-party ODM manufacturers.  In his message to employees, Kwon reportedly said that 60 percent of the employees would be re-assigned to other parts of LG’s business. It’s not clear if the other 40 percent will remain in the far smaller mobile arm or let go, although it’s likely that LG will need to retain some of that institutional knowledge. One of the reasons that Sony kept its mobile division running so long is to ensure it can leverage the technologies used in phones for any future frontier of gadgets. In 2016, News Brig asked when LG would finally lose patience with its loss-making mobile division after it fell into a second,...
    US coronavirus: More Covid-19 deaths reported in the past two weeks than any other 14-day period in the pandemic Police investigating TikTok video that may feature missing Arkansas teenager The ecommerce boss Walmart hired to take on Amazon is leaving The executive hired to help boost Walmart's e-commerce business to compete with Amazon is leaving the company. © Patrick T. Fallon/Bloomberg/Getty Images Marc Lore, chief executive officer of Jet.com Inc., speaks during the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Tuesday, Oct. 17, 2017. WSJ D.Live conference brings together CEOs, founders, investors, and luminaries to discuss the global technology environment and how to move the industry forward. Photographer: Patrick T. Fallon/Bloomberg via Getty Images Marc Lore, who joined the company in 2016 after selling his online startup Jet.com to Walmart, is retiring at the end of January, the company announced Friday. Load Error Lore, the chief executive of Walmart's US e-commerce arm, initially led the redesign of Walmart.com and helped expand Walmart's online merchandise options from around 10 million items...
    New York (CNN Business)The executive hired to help boost Walmart's e-commerce business to compete with Amazon is leaving the company. Marc Lore, who joined the company in 2016 after selling his online startup Jet.com to Walmart, is retiring from Walmart at the end of January, the company announced Friday.Lore, the chief executive of Walmart's US e-commerce arm, initially led the redesign of Walmart.com and helped expand Walmart's online merchandise options from around 10 million items when he started to more than 80 million items, Walmart CEO Doug McMillon said in memo to employees Friday. Walmart's (WMT) stock was down 1% midday Friday.Lore is leaving shortly after the company merged its once separate online division into its larger business. After Lore retires on January 31, the online business will report to Walmart's US chief John Furger, the company said in a filing.Read More"With our structural changes behind us, we have concluded it's time for Marc to transition out of his everyday role at Walmart," McMillon said in the memo. Lore will remain a strategic adviser to Walmart through September. He told...
    The end of an era is approaching: The Office will leave Netflix on January 1st and exclusively move over to Peacock, NBCUniversal’s streaming service. Peacock confirmed the January 1st launch date today and explained how viewers can watch all 201 episodes of the show. The first two seasons will be available for free, but seasons 3 through 9 will require a paid subscription. Viewers can either pay $4.99 per month with ads or $9.99 monthly without ads. Peacock’s building out an entire experience around the show, which will likely be an important one for the service and potentially encourage many more people to subscribe. Subscribers can view extra material, like behind-the-scenes footage, bloopers, and interviews as well as curated collections. The loss is a big one for Netflix, although the company knew the date was coming. The show’s widely considered one of its most popular with more than 52 billion minutes watched in 2018, some 3 percent of all Netflix minutes watched in the US, according to The Wall Street Journal. As Netflix loses more of these comfort...
    SAN ANTONIO – Hewlett Packard Enterprise Co. will move its global headquarters from the prosperous Silicon Valley to Houston, the fourth-largest U.S. city that poses as “an attractive market,” company officials said. The company and Gov. Greg Abbott announced on Tuesday that HPE will open in a new, “state of the art campus” in early 2022 in Spring, just outside of Houston. Its existing campus in San Jose, California, will transition to the new headquarters for HPE’s Aruba Intelligent Edge business. Already a mega employment hub for HPE, Houston is home to more than 2,600 company employees, Abbott said. The company also has locations in Plano and Austin. “We are excited that Hewlett Packard Enterprise has chosen to call Texas home, and I thank them for expanding their investment in the Lone Star State by relocating their headquarters to the Houston region,” Abbott in a news release. “Hewlett Packard Enterprise joins more than 50 Fortune 500 companies headquartered in the Lone Star State, including 22 in the Houston area alone.” The governor credited low taxes and a “high quality of...
    Actresses Megan Fox and Mindy Kaling were targeted by a Ponzi-scheming public relations exec, according to a new $10million lawsuit filed by his Manhattan firm.  PR executive Andrew Garson, who was named on PR Week Magazine’s 'Top 40 under 40' list in July 2018, is at the center of a new lawsuit by his firm MWW Group filed in Manhattan Supreme Court. Garson was indicted on wire fraud charges last year for allegedly conning his bosses at MWW Group to pay debts he owed to vendors at his previous PR firm, according to court papers. In this new lawsuit MWW goes into further detail his alleged fraud schemes and accuses the Long Island man of creating budgets for 'fictitious' marketing campaigns and incurring debt to talent like Fox and Kaling on projects and budgets MWW never approved of, according to the New York Post. Criminal charges against him are pending. PR executive Andrew Garson, who was named on PR Week Magazine’s 'Top 40 under 40' list in July 2018, is at the center of a new $10million lawsuit by...
    A rising COVID-19 risk is keeping many people home from bars these days — but one clever drink company is giving customers the chance to enjoy the trendy bar scene without leaving home. Just in time for the cold weather, Five Drinks Co. is selling 'The Anywhere Bar,' an igloo-like bubble where up to five people can sit and sip in a fun atmosphere. The enclosed, portable bar comes with seating, a sound system, and even some pre-stocked drinks — but will set you back $5,500. 'The holidays aren’t complete without a trip to your favorite hometown bar and running into people from high school you definitely want to see,' reads the item description. 'Well, since things are a little different this year we want to bring the bar experience to you (minus people from high school).' The bar looks like a giant snow globe, and has enough space to sit five people. It comes seating and cocktail tables, a music system, and a month's supply of canned cocktails. RELATED ARTICLES Previous 1 Next ...
    Kevin Lin, a Twitch co-founder, is leaving the company, he announced in a Medium post on Thursday. With Lin’s departure, the only remaining co-founder at Twitch is its CEO, Emmett Shear — co-founders Justin Kan, Kyle Vogt, and Michael Seibel are no longer with the company. Lin also served as Twitch’s chief operating officer from from April 2008 to January 2018, according to his LinkedIn. Lin wasn’t specific about what he plans to do next. “I am looking forward to spending time with family and loved ones, some sleep and relaxation, some fitness, and of course, a lot of video games,” Lin said in his Medium blog. “I’m so excited to stretch my curiosity and to continue exploring a world where technology is a positive amplifier in our lives. I will build again.” “Kevin has been an incredible partner to me and the Twitch leadership team over his 12.5 year tenure and has been instrumental in building our culture and business,” Shear said in a statement. “We’re grateful for all of the hard work and passion he put into...
    SpaceX, which launched the GPS III satellite to the US space force on the Falcon 9 rocket, has not launched a brand new rocket since June. Since then the company has previously launched several business missions on various rockets and launched its own Starling satellites, all of which were successful. However, when the company attempted to launch the first phase of the new Falcon 9 on October 2 — another GPS satellite named GPS III-04 — the attempt was wiped out in T-2 seconds. Later, SpaceX’s Hans Kிக்niksmann ignited two of the rocket’s nine first-stage engines during an attempt to launch in early October, which triggered an automatic shutdown of the engines. This problem eventually led to the discovery of a small amount of lacquer used during a metal-treatment process that had to be removed before the flight, but no. Now the company believes the issue has been resolved, which is a good thing because the US government has three important tasks, all of which are planned to fly on new rockets. The first is the second attempt to...
    “Selling Sunset” real estate agent Davina Potratz is leaving the Oppenheim Group for a rival company in Beverly Hills, Calif. The Netflix reality show focuses on the friendships between the agents selling mansions and their sales for the Oppenheim Group. Potratz will now be working for the company’s rival Douglas Elliman. “I’m really excited to be a part of Douglas Elliman and their very sophisticated and global new development division,” the real estate agent said in an interview with People magazine. “My background is in new development sales and marketing, so this is just a wonderful opportunity for me. It’s just very in tune with my skills.” 'SELLING SUNSET' STAR CHRISHELL STAUSE REVEALS 'PEOPLE HAVE LEFT' OPPENHEIM GROUP: 'THE BROKERAGE HAS SPLIT' The “Selling Sunset” star also revealed that her new agency offered her a salary she couldn’t turn down. “It’s not that I wanted to leave, but I had a great opportunity. It was a purely business decision,” she told the outlet. Potratz’s exit from the company comes shortly after Brett Oppenheim announced he was leaving the company to start...
    TULSA, Okla. (KGO) -- How much money would it take to get you to leave the Bay Area? For hundreds of remote workers, it turns out that their price is $10,000.Less than two weeks after ABC7 News profiled the Tulsa Remote program, officials say they have been flooded by hundreds of applicants looking to take them up on their offer to move to Oklahoma and work remote in exchange for $10,000.Google, Facebook, Apple, Amazon, and Cisco are just a few of the companies that the applicants work for.BUILDING A BETTER BAY AREA: Changing WorkplaceEMBED More News Videos Move to Oklahoma for $10,000? Hundreds of Bay Area remote workers are trying to do just that and for many it's not just about the money For some applicants it wasn't all about the money."It's too hard to survive here and truly thrive here. And now with everything else we have going on, it's become even more difficult," said Jaleesa Garland, a marketing manager for the e-commerce company Drop.Garland, a Bay Area native, has already been selected for the Tulsa program. She's already...
    Uber's head of corporate development has left Uber after only 18 months, following a failed bid to buy GrubHub. Jennifer Jarrett joined the San Francisco-based firm in January 2019. She headed up the unsuccessful bid to buy Grubbub, and the successful acquisition of Postmates.  An Uber spokesperson told Axios, which broke the news: 'We thank Jen for all her work at Uber and wish her all the best, wherever her next step takes her.'  Jennifer Jarrett joined Uber in January 2019 and her departure was confirmed Monday She is said to be leaving to return to her previous work in the biotech industry Axios reported that she was leaving to return to the biotech industry, where she worked before Uber. RELATED ARTICLES Previous 1 Next Relief for Uber and Lyft users as California shutdown is... Uber Eats offers free delivery for black-owned restaurants... Share this article Share At Uber Jarrett reported to Nelson Chai, the chief financial officer. A 55-year-old Wall Street veteran, Chai was hired in August 2018, after a...
    Lucky Charms has a magically delicious new offer. For the first time ever, cereal-maker General Mills will sell pouches of Just Magical Marshmallows — the spongy, petite clovers, horseshoes, hearts, unicorns, moons, balloons and stars from the kid-fave breakfast food — at select stores across the country. The limited-edition 6-ounce packets will feature all eight of the “charms” — and none of the cereal pieces — for $3.99. The product rollout will include “spectacular in the sky” presentations in LA on Aug. 31 and NYC on Sept. 1. Just Magical Marshmallows will then become more widely available to buy at grocery stores in the US next month. “For a limited time you can say #JustMagicalMarshmallows are mine,” the company posted Monday on Twitter. “The magic will peak in the coming weeks!” And Lucky Charms fans — who, by the way, include Snoop Dogg — seem to be over-the-rainbow about the news. “I’ve been waiting all my life for this,” replied one commenter, while another summed things up even more succinctly with, “Omg I need it.” “Lucky Charms is the only...
    Jeff Wilke, CEO of Amazon’s worldwide consumer division, is planning to retire in the first quarter of 2021, the company announced in a regulatory filing on Friday. Wilke oversees several of Amazon’s high-priority business lines and was considered a possible successor to CEO Jeff Bezos. The Pittsburgh native (and Steelers fan) joined the company in 1999 and helped build Amazon’s logistics operations into the behemoth it is today. He was put in charge of the company’s global consumer business in 2016. He said in a memo to staff on Friday that it was “time for me to take time to explore personal interests that have taken a back seat for over two decades,” according to The Wall Street Journal, adding that he was focused on preparing Amazon for the upcoming holiday shopping season. Bezos said in an email to employees that Wilke had set up the company to succeed in his absence, referring to him as a “tutor.” “Jeff’s legacy and impact will live on long after he departs,” Bezos wrote. “He is simply one of...
    By Paresh Dave OAKLAND, Calif. (Reuters) - Self-driving truck entrepreneur Anthony Levandowski on Tuesday received an 18-month prison sentence in the highest-profile trade secrets theft case in Silicon Valley in recent years. Here is a look at where the law stands on taking documents when leaving a job. What was Levandowski convicted of? Prosecutors said Levandowski deliberately moved over 14,000 sensitive files to his personal computer while working at Google with a goal of eventually benefiting his future employer, Uber Technologies Inc. Levandowski was indicted for stealing 33 documents deemed trade secrets, but pleaded guilty to taking just one document. He agreed that the document, a weekly project-tracking spreadsheet, was a trade secret. What is a trade secret? Companies have sought to protect increasing amounts of private information such as formulas and processes from leaving their walls by deeming them trade secrets. Disputes over whether something is a trade secret often hinge on whether others in the field know about it and whether it is independently valuable. "The line is often drawn by the company you're leaving, and they often...
    The executive in charge of almost all of Intel’s hardware, chief engineering officer Dr. Venkata (Murthy) Renduchintala, is leaving the company on August 3rd, Intel announced on Monday. His departure comes on the heels of Intel’s announcement that its next-gen 7nm chips are delayed until at least 2022, and after years of delays for the company’s 10nm processors as well, which bottlenecked advancements for much of the laptop industry. Intel did not cite a specific reason for Renduchintala’s departure. Intel poached Renduchintala from Qualcomm in February 2016, and put him in charge of everything from the design to engineering to manufacturing of Intel’s chips — and other hardware bets — under one group, the Technology, Systems Architecture and Client Group. That division will now be split up into five different teams, divvying up responsibilities in technology development, manufacturing, design engineering, architecture, and supply chain management, and the leaders of each of those groups will report directly to Intel CEO Bob Swan. On Thursday, Swan spent part of the company’s earnings call discussing the possibility of Intel abandoning the...
    Delta Air Lines CEO Ed Bastian told the Fox Business Network on Thursday that his company might not have to furlough workers because costs are being driven down by employees either opting for earlier retirement or unpaid leave. “I think we've got a shot at having no furloughs once we get to that October 1st date,” Bastian told Maria Bartiromo on her show, Mornings with Maria. Delta in April was granted $5.4 billion in emergency relief through the CARES Act. The funding restricts the company for furloughing workers until Oct. 1, meaning the company could layoff workers after this date. So far, workers choosing to leave the company on their own accord have given Delta hope that involuntary furloughs might be avoided. Over 17,000 Delta employees have either opted for early retirement or accepted a voluntary departure package. This accounts for roughly 20% of Delta’s workforce. In addition, more than 40,000 employees volunteered to take unpaid leaves of absence over the past few months. These actions have helped to reduce the company’s “daily cash burn rate”...
    Paris-based video game company Ubisoft announced Saturday that several high-level company officers are leaving amid allegations of abuse and harassment. The departures of chief creative officer Serge Hascoët, global head of HR Cécile Cornet, and Yannis Mallat, managing director of Ubisoft’s Canadian studios, “come following the initiation of a rigorous review that the company initiated in response to recent allegations and accusations of misconduct and inappropriate behavior,” Ubisoft said in a statement. Earlier this week, Ubisoft confirmed the departure of its vice president, Maxime Béland, following assault allegations, making a total of four prominent executives departing. Under Mallat, Ubisoft’s Toronto studio produced several of Ubisoft’s biggest game franchises: he personally produced the Prince of Persia: The Sands of Time series before going on to manage big brands including Assassin’s Creed; Rainbow Six; Far Cry; Watch Dogs; and For Honor. French news outlet Libération reported details of some of the allegations against Hascoët, who oversaw all the company’s games, and was considered by many to be close to CEO Yves Guillemot, according to Bloomberg reporter Jason Schreier. This is...
    (CNN Business)Less than a year ago, WeWork cofounders Adam Neumann and Miguel McKelvey were on the cusp of taking their company public in what promised to be one of the most high-profile Wall Street debuts of the year. Now, McKelvey, the last remaining cofounder at WeWork, is leaving as the company works to pull off a turnaround. Neumann left WeWork last fall after its IPO plans fell apart. "After 10 years, I've made one of the most difficult decisions of my life -- one that I'm not even sure has sunk in just yet," McKelvey, the company's chief culture officer, wrote in an email to staffers obtained by CNN Business. "While it's hard to leave, and I know there is a lot more work to be done, I could only make this decision knowing this company and our people are in good hands."The company confirmed McKelvey's departure to CNN Business. The news was first reported by CNBC. Adam Neumann sues SoftBank for walking away from $3 billion WeWork share buyoutMcKelvey's exit marks the true end of an era for the...
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