Russian biz magazine drops Amazon reference after reporter inquirer
Russian business magazine Vector dropped a reference to a Ukraine-based research lab doing work for Amazon after Intercept reporter Sam Biddle asked Amazon about the work. Biddle writes, “The author of the article, Dmitry Koshelnik, said that Ring Ukraine, after providing him the quotes directly through its publicity department, ‘asked us to remove the word Amazon […]
The Information: Why did company, CEO lie to us?
The Information’s Jessica Lessin sent the following in an email Saturday to subscribers about its story where Quibi CEO Meg Whitman compared reporters to sexual predators: We knew it was an important story. Whitman and founder Jeffrey Katzenberg are trying to build one of the world’s most ambitious media companies, in part by working with news companies. […]
CEO apologizes for comparing journalists to sexual predators
Quibi CEO Meg Whitman apologized Friday for comparing journalists to sexual predators at a company meeting, reports Brent Lang of Variety. Lang reports, “‘I used an analogy that was inappropriate and just plain wrong,’ Whitman said in an interview at Variety‘s studio at the Sundance Film Festival. ‘None of us are ever perfect. I didn’t intend it, […]
Nestle teams up with Canadian plant ingredients maker
Nestle has teamed up with Burcon, a Canadian plant-based food ingredients manufacturer to pursue new products. Silke Koltrowitz reported the news for Reuters: Food group Nestle (NESN.S) has teamed up with Canadian plant-based food ingredient makers Burcon (BU.TO) and Merit to speed up innovation in the fast-growing business segment, it said on Friday. The collaboration […]
Express to close 100 stores
Retailer Express is set to close up to 100 stores as it tried to restructure its business in the face of growing challenges from e-retail. The AP had the news: Express, a staple in U.S. malls, will close about 100 stores as part of a restructuring plan as the chain grapples with drastic changes in […]
Netflix reports strong Q4 despite growing competition
Netflix reported robust new subscriber figures and financials for the last quarter of 2019 despite new competition from Apple and Disney. Anousha Sakoui reported the news for the Los Angeles TImes: Powered by the popularity of “The Witcher” and “The Crown,” Netflix profits and global growth surged in the fourth quarter, even as the company […]
Tesla defends cars after complaint about self-acceleration
Tesla has rejected allegations that its cars can accelerate without the driver wanting them to in response to a petition that made the claim to the NHTSA. Peter Valdes-Dapena reported the news for CNN: Teslas only accelerate when you want them to, the company said in a blog post Monday. The post was made in […]
Amazon develops hand recognition payment system
Amazon is reportedly working on a new payment system that would use card data linked to the hand of the user. Jon Fingas reported for Engadget that: Amazon’s rumored hand recognition payment tech might be useful beyond paying for produce at Whole Foods. Wall Street Journal sources say the company is developing hand-based checkout terminals […]
Microsoft says will be carbon negative by 2030
Microsoft has said it will aim to become carbon negative by 2030. Rachel Koning Beals reported the news for MarketWatch: Microsoft wants to clean up the carbon footprint at its own home base and throughout its supply chain, believing it can go “carbon negative” by 2030, executives said Thursday. “This is the decade for urgent […]
Citi pay gap at 27%
The gender pay gap in Citigroup stood at 27% last year, slightly down from 29% a year earlier. Reuters’ C Nivedita and Imani Moise reported the news: Citigroup’s (C.N) female employees earn 27% less than male employees on average, when factors like title and location are not taken into account, the Wall Street bank said […]
