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Google Fires Employee Who Wrote Memo Criticizing Diversity Initiatives

Google Fires Employee Who Wrote Memo Criticizing Diversity Initiatives

Google fired the employee who wrote an internal memo suggesting men are better suited for tech jobs than women. Google Chief Executive Sundar Pichai said the memo writer violated company policy.

Published 5 months ago

Tesla to Sell $1.5 Billion in Debt Amid Launch of Model 3

Tesla to Sell $1.5 Billion in Debt Amid Launch of Model 3

Tesla will sell $1.5 billion in senior notes amid the launch of its Model 3 sedan, a week after the Silicon Valley auto maker’s chief executive said it faces ‘manufacturing hell.’

Published 5 months ago

United Tech in Takeover Talks With Rockwell Collins

United Tech in Takeover Talks With Rockwell Collins

United Technologies has made an approach to acquire Rockwell Collins, but the two aerospace suppliers are still wrangling over the price of a takeover that would exceed $20 billion, according to people familiar with the matter.

Published 5 months ago

Hedge-Fund Manager Crispin Odey’s Bearish Bets Backfire Again

Hedge-Fund Manager Crispin Odey’s Bearish Bets Backfire Again

The rally in global stock markets has caught out Crispin Odey, among Europe’s best-known hedge-fund managers, one of whose funds lost 10% last month.

Published 5 months ago

In Afghan Policy Debate, Trump Struggles With Himself

In Afghan Policy Debate, Trump Struggles With Himself

When President Donald Trump appears conflicted about sending more troops to Afghanistan, it reflects his longstanding doubts about a prolonged American presence there, writes Gerald F. Seib.

Published 5 months ago

Dollar’s Growing 2017 Swoon Lifts U.S. Stocks, Hurts Foreign Shares

Dollar’s Growing 2017 Swoon Lifts U.S. Stocks, Hurts Foreign Shares

A growing investor consensus that the weak dollar will keep weakening is rippling around the world, fueling rallies in everything from U.S. stocks to commodities.

Published 5 months ago

Netflix Makes Its First Acquisition

Netflix Makes Its First Acquisition

Netflix has made the first acquisition in its 20-year history, buying comic-book producer Millarworld amid plans to develop original content based on the publisher’s characters.

Published 5 months ago

The End of Typing: The Internet’s Next Billion Users Will Use Video and Voice

The End of Typing: The Internet’s Next Billion Users Will Use Video and Voice

A new generation of internet users—a swath of the poor and less-literate—tend to use voice recognition and other intuitive apps over text, creating new business winners and losers. Silicon Valley giants are rushing to respond.

Published 5 months ago

Renault Signs Major Iranian Auto Deal, as Western Firms Deepen Push

Renault Signs Major Iranian Auto Deal, as Western Firms Deepen Push

Renault is set to open a new factory in Iran, in the latest sign of deepening Western business ties with Tehran following the lifting of sanctions.

Published 5 months ago

SoftBank Chief Says He Wants Stake in Uber or Lyft

SoftBank Chief Says He Wants Stake in Uber or Lyft

SoftBank Group Chief Executive Masayoshi Son expressed eagerness to invest in Uber Technologies or Lyft to gain access to the U.S. ride-hailing market after multiple similar investments in Asia.

Published 5 months ago

Leaked Photos of Nissan Leaf Indicate Mass-Market Styling

Leaked Photos of Nissan Leaf Indicate Mass-Market Styling

Nissan is betting heavily on the new Leaf to reassert its electric-vehicle leadership, but the reaction to leaked photos of the car has been negative.

Published 5 months ago

Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip

Brands Strike Back: Seven Strategies to Loosen Amazon’s Grip

As Amazon tightens its grip on retail sales, a growing number of brands are pushing back by championing local retailers and trying to prevent online sellers from undercutting brick and mortar rivals on pricing.

Published 5 months ago

Prosecutors Seek 12-Year Sentence for Samsung Heir

Prosecutors Seek 12-Year Sentence for Samsung Heir

South Korean prosecutors sought a 12-year sentence for Lee Jae-yong, the de facto head of the Samsung conglomerate, after a monthslong trial over a national corruption scandal.

Published 5 months ago

No North Korea Talks While Missiles Are Flying, Tillerson Says

No North Korea Talks While Missiles Are Flying, Tillerson Says

If North Korea wants talks with the U.S., it must first stop launching missiles, U.S. Secretary of State Rex Tillerson said; Pyongyang said it would not put its “nuclear deterrent” on the table while the U.S. persists in its “scheme” against North Korea.

Published 5 months ago

A Mortgage Mystery: What Happens to ARMs When Libor Goes Away?

A Mortgage Mystery: What Happens to ARMs When Libor Goes Away?

Many adjustable-rate mortgages are tied to Libor, which is being phased out over five years. What will replace it remains unclear.

Published 5 months ago