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Articles by Bill Rigby
Uber asks exec to resign for not disclosing sexual harassment allegation
(Reuters) – Uber Technologies Inc [UBER.UL] has asked a senior executive to leave the company for failing to disclose a sexual harassment allegation stemming from his tenure at Alphabet Inc’s Google, an Uber spokeswoman said on Monday. The move comes as the ride services company is investigating allegations of sexual harassment in its own organization.
How startups are applying AI to ease supply chain disruptions
E-commerce Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food. In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption.
Chinese Retailer Shein Lacks Disclosures, Made False Statements on Factories
Shein website. Shutterstock. Shein, the fast-growing Chinese online retailer, has not made public disclosures about working conditions along its supply chain that are required by law in the United Kingdom, and the company until recently falsely stated on its website that conditions in the factories it uses were certified by international labour standards bodies, Reuters has found.
Microsoft shuts Silicon Valley R&D centre
Microsoft will close its Silicon Valley research and development operation to achieve the 2100 layoffs announced last week, as the software giant moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce. News of the closure of the Microsoft Research lab at the company's campus in Mountain View, California, was first made public on Twitter by employees. The company later confirmed the move and said it would involve the loss of 50 jobs.
Washington state votes down new tax on wealthy
SEATTLE (Reuters) - Washington voters knocked down plans for a state income tax on the wealthy intended to fund education and health spending, ending a fight pitting Bill Gates against other Seattle tech billionaires, and signaling that Americans’ appetite for progressive taxes is low. A volunteer (R) hands a sticker to an early voter for the U.S. midterm elections at a polling place in Washington November 2, 2010. The sticker is given to voters after they have submitted their ballot.
Facebook CEO Zuckerberg to take two months of paternity leave
Facebook CEO Zuckerberg to take two months of paternity leave By Yasmeen Abutaleb SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg said on Friday he will take two months of paternity leave after his daughter's birth, a strong statement from one of the busiest and most powerful U.S. executives on the importance of family time.
Five Children Dead in Pennsylvania House Fire
Five young children died early on Sunday in a house fire in Erie, Pennsylvania, police said. The residence was also a daycare provider, according to GoErie.com, the website for the Erie Times-News, which reported that four of the five children were staying there while their parents worked overnight. The fire around 1:15 a.m. remained under investigation by police and fire officials, Lieutenant Szocki of the City of Erie Police Department told Reuters.
In three shaken US cities, Lady Gaga tries to channel 'fury into hope'
(Reuters) - In El Paso, Texas, there are books for third-grade students, many of whom have none at home. Disabled students in Dayton, Ohio, will get bouncy chairs to help calm them for learning. Science kits will go to fifth graders in Gilroy, California. Those are just three of a series of local classroom initiatives that Grammy-winning singer Lady Gaga has pledged to fund as students in those shaken communities, the latest US cities to endure mass shootings, go back to school this week.
Microsoft to buy Skype for pricey $8.5 billion
NEW YORK (Reuters) - Microsoft Corp plans to buy Internet phone service Skype for $8.5 billion in its biggest-ever acquisition, placing a rich bet on mobile and the Internet to try to best rivals such as Google Inc. Microsoft CEO Steve Ballmer and Skype CEO Tony Bates shake hands at their joint news conference in San Francisco, May 10, 2011.
Microsoft to sell big-screen Surface Hub for up to $20,000
By Bill Rigby SEATTLE (Reuters) - Revealing its price tag for the first time, Microsoft Corp will sell a bigger version of its new, wall-mounted video-conferencing and digital whiteboard device for $20,000, making it the most expensive product in its hardware line-up, the software company said on Wednesday. Orders start July 1 for the Surface Hub, which Microsoft hopes will become a fixture in meeting rooms around the world.
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
By Reuters March 20, 2019 22:11 SAN FRANCISCO, United States — Levi Strauss & Co said it sold $623.3 million in shares in its initial public offering (IPO) on Wednesday, as the US jeans maker looks to return to the stock market after 34 years as a family-owned company. With the stock market hovering near all-time highs, Levi priced its IPO at $17 share, just above its target range of $14 to $16, valuing the company at about $6.6 billion.
Warner Bros CEO Kevin Tsujihara resigns as AT&T probes 'mistakes'
Kenneth Li, Reuters Posted at Mar 19 2019 06:43 AM (Reuters) - Kevin Tsujihara has resigned as the head of Warner Bros as one of Hollywood’s most powerful studios investigates a report that he improperly helped an actress obtain roles at the studio. He is the latest in a line of executives to lose their jobs in the media business following accusations of improper conduct or sexual harassment.
Nevada regulators fine Wynn Resorts $20 million in settlement
Jon Ralston interviewed Steve Wynn in September 2016. Screengrab via KTNV. Nevada casino regulators said on Tuesday they had fined Wynn Resorts Ltd $20 million in a settlement with the company involving misconduct claims against former chief executive Steve Wynn. The casino company, which has operations in Las Vegas and Macau, said the conclusion of the review by the Nevada Gaming Commission was a step forward for the company and its new leadership.
T-Mobile CEO John Legere Defends Sprint Deal in Congress
WASHINGTON—T-Mobile Chief Executive John Legere defended his company’s $26 billion deal to buy rival wireless carrier Sprint Corp in Congress on Wednesday, Feb. 13, stressing the jobs it will create and how it will benefit construction of the next generation of wireless networks. “Our merger will be jobs positive from day one,” Legere told lawmakers, saying that by 2024 the combined carrier would have 11,000 more jobs than the stand-alone firms.
Amazon's Jeff Bezos says National Enquirer tried to blackmail him over 'intimate photos'
Amazon chief executive and new Washington Post owner Jeff Bezos, pictured on Sept. 6, 2013. [AFP] Amazon.com Inc Chief Executive Jeff Bezos posted a blog on Thursday saying the National Enquirer’s parent company American Media threatened to blackmail him with the threat of publishing “intimate photos.” Bezos said he declined to make a false public statement at American Media’s direction. Reporting by Nandita Bose in Washington DC; Editing by Bill Rigby
New York settles with sellers of 'fake' online followers, 'likes'
FILE PHOTO - A visitor looks at logos of LinkedIn Corporation at the MEDEF union summer forum on the campus of the HEC School of Management in Jouy-en-Josas, near Paris, France, August 29, 2017. REUTERS/Charles Platiau New York’s attorney general on Wednesday said she has resolved a probe into a group of Colorado companies that once sold fake followers, “likes” and views on social media platforms, in the first U.S. settlement to deem such sales illegally deceptive.
Google disables iPhone app that studied users' digital habits
Google says it has disabled an iPhone app that it had paid some users to install to study their digital habits, following a similar move late on Tuesday by social media network Facebook. Google and Facebook had faced criticism from privacy experts for distributing their research apps through a programme iPhone maker Apple had created for companies to distribute apps to employees.
CVS unveils ‘Beauty Marks’ in stores, warning shoppers of edited images
NEW YORK (Reuters) – CVS Pharmacy unveiled an initiative in U.S. stores on Thursday, labeling photos of models in its beauty aisles to make it clear whether the images had been digitally altered. The U.S. No 2 drugstore chain, part of CVS Health Corp, is the first major American company to adopt such a policy in the face of rising concerns about doctored images setting unrealistic ideals of beauty, especially for young women.
CVS unveils 'Beauty Marks' in stores, warning shoppers of edited images
FILE PHOTO: A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York, U.S., November 30, 2017. REUTERS/Shannon Stapleton CVS Pharmacy unveiled an initiative in U.S. stores on Thursday, labeling photos of models in its beauty aisles to make it clear whether the images had been digitally altered.
Microsoft revamps Hotmail as social-friendly Outlook
Seattle: Microsoft Corp unveiled a revamped, Facebook-friendly version of its free, online email service on Tuesday in an attempt to reverse market share losses to Google Inc.’s fast-growing Gmail. The world’s largest software company is renaming its Hotmail service Outlook, giving it a sharp new look, social network links and new features for handling the tide of junk and mass mail that swamps many users.
CBS denies former CEO Leslie Moonves $120 million severance
CBS Corp said on Monday it will not pay Leslie Moonves a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.
Robinhood's checking plan could face regulatory scrutiny
WASHINGTON (Reuters) - Financial technology startup Robinhood could face scrutiny by U.S. regulators over statements that its new checking and savings accounts are insured by an industry-backed protection fund. A photo illustration of Robinhood's checking and savings accounts provided by Robinhood December 13, 2018. Robinhood/Handout via REUTERS.
Prosecutors seek arrest of Brazil's 'miracle' healer in sex probe
BRASILIA (Reuters) - Prosecutors have requested the arrest of a self-proclaimed faith healer known as “John of God” following accusations by over 200 women that he abused them sexually while they were seeking spiritual guidance and treatment. A law enforcement source with knowledge of the matter told Reuters on Wednesday that an arrest warrant was sought from a court in Abadiania, a small town in central Brazil where João Teixeira de Faria, which is his real name, has his spiritual centre.
Prosecutors seek arrest of Brazil's 'miracle' healer in sex probe
BRASILIA (Reuters) - Prosecutors have requested the arrest of a self-proclaimed faith healer known as “John of God” following accusations by over 200 women that he abused them sexually while they were seeking spiritual guidance and treatment. A law enforcement source with knowledge of the matter told Reuters on Wednesday that an arrest warrant was sought from a court in Abadiania, a small town in central Brazil where João Teixeira de Faria, which is his real name, has his spiritual center.
New mother on migrant caravan hopes Trump's heart softens
TIJUANA, Mexico (Reuters) - Erly Marcial of Honduras joined the United States-bound migrant caravan with her family even though the 21-year-old was nearly eight months pregnant. She gave birth to a healthy baby on the gruelling trail and is now hoping for another miracle. Honduran migrant Alvin Reyes, 39, touches his newborn son Alvin, next to his wife Erly Marcial, 21, at a hospital in Puebla, Mexico, November 13, 2018.
New mother on migrant caravan hopes Trump's heart softens
TIJUANA, Mexico (Reuters) - Erly Marcial of Honduras joined the United States-bound migrant caravan with her family even though the 21-year-old was nearly eight months pregnant. She gave birth to a healthy baby on the grueling trail and is now hoping for another miracle. Honduran migrants Maria, 6, and David, 2, meet their newborn brother Alvin for the first time, as they stand with their parents Erly Marcial, 21, and Alvin Reyes, 39, at a hospital in Puebla, Mexico, November 13, 2018.
Trump says he could intervene in U.S. case against Huawei CFO
U.S. President Donald Trump sits for an exclusive interview with Reuters journalists in the Oval Office at the White House in Washington, U.S. December 11, 2018. (REUTERS/Jonathan Ernst) WASHINGTON — U.S. President Donald Trump said on Tuesday he would intervene in the Justice Department’s case against a top executive at China’s Huawei Technologies if it would serve national security interests or help close a trade deal with China.
HP resurrects TouchPad for one last go at the iPad
LOS ANGELES (Reuters) - Hewlett Packard Co plans to crank out “one last run” of TouchPads, days after declaring it will kill off a line of tablets that failed to challenge Apple Inc’s command of the booming market. A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010.
Exclusive: Amazon targets airports for checkout-free store expansion
(Reuters) - Amazon.com Inc (AMZN.O) is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to public records and a person familiar with the strategy. The move underscores how a company that started as an online bookseller is making forays into brick-and-mortar retail to capture a greater share of shoppers’ spending.
New UPS navigation tool aims to save time and money with each turn
LOS ANGELES (Reuters) - United Parcel Service Inc on Tuesday said it is rolling out a new navigation tool designed to reduce costs for the company and headaches for its roughly 60,000 U.S. package delivery drivers. FILE PHOTO: Vehicles of United Parcel Service are seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018.
Facebook must hand over New York users' info to prosecutors, court rules
(Reuters) - Facebook Inc cannot challenge search warrants New York prosecutors used to get information from its site on hundreds of users suspected of Social Security fraud, a state appeals court said on Tuesday, in a decision likely making it harder for New Yorkers to keep their digital lives private. A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015.
SPECIAL REPORT-Little known to many investors, cryptocurrency reviews are for sale
(For more Reuters Special Reports, double-click on) By Anna Irrera and Elizabeth Dilts NEW YORK, Nov 27 (Reuters) - When cryptocurrency issuers want positive coverage for their virtual coins, they buy it. Self-proclaimed social media personalities charge thousands of dollars for video reviews. Research houses accept payments in the cryptocurrencies they are analyzing. Rating “experts” will grade anything positively, for a price.
Apple overtakes Microsoft as biggest tech company
SEATTLE (Reuters) - Apple Inc shot past Microsoft Corp as the world’s biggest tech company based on market value on Wednesday, the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s. Apple Inc. Chief Executive Steve Jobs speaks about features on the iPod Nano, which includes a video camera, at a special event in San Francisco, in this September 9, 2009 file photo.
GRAPHIC-Foreign buyers find U.S. Treasuries less appealing
* U.S. to sell $129 bln in coupon-bearing debt this week * Recent bond auctions raise worries about foreign demand * China, Japan have been shedding their U.S. bond holdings By Richard Leong NEW YORK, Nov 26 (Reuters) - Some overseas investors appear to be taking a pass on U.S. debt securities just as the administration of President Donald Trump embarks on a record sale of Treasury bills, notes and bonds to pay for its big tax cuts and spending increases.
U.S. Postal Service loss triples, even as package deliveries rise
WASHINGTON (Reuters) - The U.S. Postal Service lost almost $4 billion in 2018 even as package deliveries rose, according to results released on Wednesday, potentially giving U.S. President Donald Trump ammunition against Amazon.com Inc (AMZN.O), which he claims pays too little for the agency’s services. FILE PHOTO: A view shows U.S. postal service mail boxes at a post office in Encinitas, California February 6, 2013.
U.S. Postal Service posts loss, even as package deliveries rise
FILE PHOTO: A view shows U.S. postal service mail boxes at a post office in Encinitas, California February 6, 2013.
Citron's Left covered Facebook short, still bearish on Netflix
NEW YORK (Reuters) - Andrew Left has covered his short position on Facebook Inc, due to its booming Instagram business, but is still betting on a decline in Netflix Inc shares, the activist short-seller told Reuters on Monday.
Citron's Left bearish on Canadian cannabis industry
NEW YORK (Reuters) - Citron Research’s Andrew Left, one of the most prominent short-sellers on Wall Street, is bearish on Canadian cannabis producers such as Tilray Inc (TLRY.O), despite big gains last week, as he expects them to be overtaken by U.S. rivals once recreational marijuana is legalized in the United States, he told the Reuters Global Investment Outlook Summit in New York on Monday.
Twitter cuts suspect users from follower counts again, blames bug
SAN FRANCISCO (Reuters) - Twitter Inc (TWTR.N) made another attempt to make users’ tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Twitter is under pressure to tackle its problem of fake users, which are a turn-off for investors and advertisers and have led to scrutiny from U.S. Congress. The company made Friday’s move without an announcement.
Twitter cuts suspect users from follower counts again, blames bug
SAN FRANCISCO (Reuters) - Twitter Inc made another attempt to make users’ tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Twitter is under pressure to tackle its problem of fake users, which are a turn-off for investors and advertisers and have led to scrutiny from U.S. Congress. [L3N1X54F1] The company made Friday’s move without an announcement.
Thomson Reuters eyes 'substantive' purchases after Blackstone deal
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim Smith said on Tuesday. The news and information provider has set aside $2 billion for deals, Smith told Reuters in an interview, after raising $17 billion from selling 55 percent of its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP (BX.N).
Thomson Reuters reports better-than-expected quarterly profit
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) on Tuesday reported a smaller-then-expected fall in third-quarter earnings and said it was on track for a solid 2018 and a better performance in 2019. Adjusted for one-time items, the news and information provider reported earnings per share of 11 cents, down from 27 cents a year ago, but above Wall Street’s average estimate of 3 cents, according to IBES data from Refinitiv.
Thomson Reuters reports slightly higher quarterly revenue
TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) on Tuesday reported a 3 percent rise in quarterly revenue, excluding the effects of exchange rates, driven by higher sales at its Legal business, and said that it was on track to deliver a “solid” full-year performance. The news and information provider said third-quarter revenue rose to $1.29 billion during the period. Adjusted for one-time items, earnings were 11 cents per share, down from 27 cents per share a year ago.
Exclusive: Buyout firm Thoma Bravo approaches Symantec about acquisition - sources
(Reuters) - Private equity firm Thoma Bravo has approached Symantec Corp (SYMC.O) to express interest in acquiring the Norton antivirus software maker, people familiar with the matter told Reuters on Tuesday. A deal could be the largest leveraged buyout this year, based on Symantec’s market value of about $15 billion and total debt of about $5 billion.
BlackRock's Fink says U.S., China on path to full-fledged trade war
NEW YORK (Reuters) - BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world’s two largest economies engage in tit-for-tat tariffs. Fink is one of the most influential figures in global finance, who keeps up relations with politicians in many countries as leader of the world’s largest fund manager, overseeing $6.4 trillion in assets from sovereign debt to corporate equity.
Third Point sues Campbell Soup, accuses it of misleading investors
NEW YORK (Reuters) - Activist investor Third Point LLC sued Campbell Soup Co (CPB.N) on Thursday, alleging the soup and snack maker’s board misled investors about the competence of its directors and the way it carried out a recently completed strategic review.
After gaffe, Microsoft board to look at gender pay gap, male culture
SEATTLE/SAN FRANCISCO (Reuters) - A well-known picture in tech circles, taken in 1978, shows the first 11 employees at Microsoft. Two are women. One of them left two years later after a pay dispute. Almost four decades later, the ratio has improved: About a third of Microsoft’s 110,000 or so employees are women. But the company’s pay practices and attitude toward women are still open to question and will likely be taken up at the board level, according to one director, Maria Klawe.
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