executives

Biden, unions, rail executives struggle for deal as shutdown looms

Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials hosted labor contract talks late on Wednesday to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, but one small union rejected a deal and Amtrak canceled all long-distance passenger trips. Railroads including Union Pacific (UNP.N), Berkshire Hathaway’s (BRKa.N) …

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Almost Nothing Can Stop Porsche's IPO, Say Executives

Almost Nothing Can Stop Porsche’s IPO, Say Executives

Image: Porsche Porsche and Volkswagen are dead-set on the former’s stock-market debut, Honda is making the supply chain partnerships it needs, and the Bronco accessory business is booming. All that and more in The Morning Shift for Tuesday, September 6, 2022. 1st Gear: Well, Porsche Seems Determined While your friends who run The Morning Shift …

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Comcast executives expect Disney to stick to its agreement to acquire the remaining stake in Hulu

Comcast executives expect Disney to stick to its agreement to acquire the remaining stake in Hulu

Hulu Rafael Henrique | SOPA Images | LightRocket | Getty Images The future of Hulu continues to be an open question as Comcast and Disney still haven’t agreed on terms that will settle the company’s future ownership. But Comcast executives are planning on Disney buying them out — even if they’d prefer otherwise. Disney owns …

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Twitter executives face questions from employees after whistleblower claims

Twitter executives face questions from employees after whistleblower claims

CEO Parag Agrawal opened the company-wide meeting by pushing back on claims made by Peiter “Mudge” Zatko, Twitter’s former head of security. Zatko’s whistleblower disclosure alleges Twitter’s security practices are so poor they pose a threat to national security and democracy and claimed some of the company’s executive team have tried to cover it up. …

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Amazon executives have discussed ditching Amazon Basics to appease regulators

Amazon executives have discussed ditching Amazon Basics to appease regulators

Amazon celebrated the biggest Prime Day in the sales event’s eight-year history early this week. But the event was followed just hours later by news of a series of major proposed changes to how Amazon does business in Europe aimed at settling accusations by regulators that Amazon engages in anti-competitive behavior. Amazon’s proposed concessions include …

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End of a chapter at Theranos: What's next for former top two executives

End of a chapter at Theranos: What’s next for former top two executives

Their back-to-back trials spanned nearly a year and mark the final chapter of a startup that rose to prominence, and a $9 billion valuation, with a promise to revolutionize blood testing only to become a cautionary tale for tech founders and companies. Now, the anticipation turns to their sentencing hearings, which are slated to take …

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Elon Musk had twins last year with one of his top executives

Elon Musk had twins last year with one of his top executives

Court documents obtained by Insider show that the tech mogul Elon Musk quietly had twins last November with one of his top executives, Shivon Zilis. Musk, who has been an outspoken advocate of bringing more babies into the world, now has nine known children. In April, Musk, 51, and Zilis, 36, filed a petition to …

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Coinbase lays off 18% of workforce as executives prepare for recession and 'crypto winter'

Coinbase lays off 18% of workforce as executives prepare for recession and ‘crypto winter’

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according …

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Google AI Claims to Be Sentient in Leaked Transcripts, But Not Everybody Agrees

Google AI Claims to Be Sentient in Leaked Transcripts, But Not Everybody Agrees

A senior software engineer at Google was suspended on Monday (June 13) after sharing transcripts of a conversation with an artificial intelligence (AI) that he claimed to be “sentient”, according to media reports. The engineer, 41-year-old Blake Lemoine, was put on paid leave for breaching Google’s confidentiality policy.   “Google might call this sharing proprietary property. I …

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