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Starbucks CEO Schultz plans to hire 10,000 refugees after Trump ban

January 30, 2017 by · Leave a Comment 

Starbucks Corp Chief Executive Officer Howard Schultz said on Sunday that the company planned to hire 10,000 refugees over five years in 75 countries, two days after U.S. President Donald Trump's executive order banning refugees from certain countries. Trump on Friday put a four-month hold on allowing refugees into the United States and temporarily barred travelers from Syria and six other Muslim-majority countries,

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Starbucks CEO Schultz plans to hire 10,000 refugees after Trump ban

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U.S. agency concerned about destroyed, lost phones in VW probe

December 10, 2016 by · Leave a Comment 

A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in…

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U.S. agency concerned about destroyed, lost phones in VW probe

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Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

December 10, 2016 by · Leave a Comment 

Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. Quincey's ascension was widely expected since he became chief operating officer in August 2015 after jobs that included running Coke&#…

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Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

November 4, 2016 by · Leave a Comment 

SHANGHAI/SAN FRANCISCO (Reuters) – China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's expansion into Hollywood. Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in U.S. entertainment …

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China’s Wanda in $1 billion deal to buy Hollywood’s Dick Clark

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Takata mulls bankruptcy for U.S. unit, filing will take time: source

November 4, 2016 by · Leave a Comment 

WASHINGTON/TOKYO (Reuters) – Japan's Takata Corp is considering a bankruptcy filing for its U.S. unit as the air bag maker looks for a sponsor to help pay for liabilities related to its faulty inflators, a person briefed on the matter told Reuters. Takata, which has retained investment bank Lazard Ltd as an adviser, has been working to choose a backer for its turnaround …

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Takata mulls bankruptcy for U.S. unit, filing will take time: source

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Icahn raises stake in Herbalife

November 4, 2016 by · Leave a Comment 

(Reuters) – Activist investor Carl Icahn has raised his stake in Herbalife Ltd to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday. Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve) Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard …

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Icahn raises stake in Herbalife

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Wells Fargo sales scandal extends to brokerage unit: U.S. senators

November 4, 2016 by · Leave a Comment 

Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.

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Wells Fargo sales scandal extends to brokerage unit: U.S. senators

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Tesla’s Musk adds solar roofs to his clean energy vision

October 29, 2016 by · Leave a Comment 

Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp . The billionaire entrepreneur showed of solar-powered roof tiles that eliminate the need for traditional panels and a longer-lasting home battery, which Tesla calls the Powerwall, aimed at realizing his vision of selling a fossil fuel free lifestyle to consumers. The…

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Tesla’s Musk adds solar roofs to his clean energy vision

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AT&T aims to break from streaming crowd with Time Warner

October 26, 2016 by · Leave a Comment 

By Lisa Richwine LOS ANGELES (Reuters) – AT&T is betting its purchase of Time Warner Inc will give the company an edge in winning subscribers for its live internet television package, a new front in media that is about to become crowded by technology players. The DirecTV Now service coming to the market next month will offer the kind of live programming on multiple channels now available primarily through traditional cable providers. DirecTV's price …

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AT&T aims to break from streaming crowd with Time Warner

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Tesla says self-driving hardware to be built into all its cars

October 20, 2016 by · Leave a Comment 

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

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Tesla says self-driving hardware to be built into all its cars

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