In a sign Wells Fargo & Co is still struggling to move past a scandal that sparked record fines and congressional investigations, the bank raised its estimate for how many bogus accounts employees may have created. According to a statement on… Read More ›
Month: August 2017
Growing U.S. Role Underlined By Harvey’s Impact On World Oil Market
The ripple effect of Texas’s deadly storm, highlighting the growing importance of the U.S. for the global oil industry is being felt by world energy markets, from butane in Asia to gasoline in Latin America and diesel in Europe. The… Read More ›
Expedia names Mark Okerstrom as its CEO
Okerstrom has hinted at a possible future tie up between Expedia and Uber Technologies. On Wednesday, Expedia Inc named Mark Okerstrom as its new chief executive and president. He replaces Dara Khosrowshahi who has been hired by Uber Technologies Inc… Read More ›
Dara Khosrowshahi, Uber’s CEO, underscores need for change of work culture, IPO in 18-36 months
Despite the troublesome inheritance, Khosrowshahi is firm on expanding Uber’s market share and taking Dara Khosrowshahi, Uber Technologies’ new Chief Executive informed employees that the company’s work culture will undergo change and that it is likely to go public in… Read More ›
Weak oversight surrounds Wisconsin-Foxconn LCD Screen plant deal: Legislative Audit Bureau
Given Foxconn’s global track record in job creation and the systemic deficiencies in the Wisconsin Economic Development Corporation’s working, Foxconn’s LCD screen manufacturing plant in Wisconsin has significant challenges ahead. Going by audits conducted at the state of Wisconsin, the… Read More ›
U.S. citizens are losing the battle for privacy, states brief filed by U.S. tech companies
The brief urges the U.S. Supreme Court to side with the digital rights of citizens against intrusive governments breaches of privacy. More than a dozen technology companies along with Verizon Communications Inc, the biggest wireless operator in the U.S., have… Read More ›