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Fintech Focus For November 20, 2020
Thursday, November 19, 2020 - 7:41pm | 2302Quote Of The Day: Love yourself first and everything else falls into line. You really have to love yourself to get anything done in this world. - Lucille Ball Fintech Movers: Cashless payments were on the rise before the pandemic hit, and now, eight months into its grip on the U.S., their use is...
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Amazon Deletes Two 'Union Buster' Job Listings After Widespread Criticism
Wednesday, September 2, 2020 - 4:55am | 584Amazon.com, Inc (NASDAQ: AMZN) deleted job listings related to tracking threats from labor organization after coming under criticism, Fortune reported Tuesday. What Happened: The Jeff Bezos-led company deleted the two listings — one for a senior intelligence analyst and...
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Uber CEO And Rockefeller Foundation Advocate Stronger Worker Safety Nets
Wednesday, June 10, 2020 - 9:06am | 574In a write-up in Fortune magazine, Dara Khosrowshahi, CEO of Uber Inc. (NYSE: UBER) and Rajiv J. Shah, president of the Rockefeller Foundation, make a case for a broader safety-net for the American worker. The Economy Has Fundamentally Changed Both Khosrowshahi and Shah claim that...
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TikTok Issues Apology After Being Accused Of Censoring Black Users, Calls It 'Technical Glitch'
Tuesday, June 2, 2020 - 8:16am | 346Social medial platform TikTok, owned by the Chinese company ByteDance, was accused of censoring black users after posts with hashtags such as #BlackLivesMatter and #GeorgeFloyd were labeled as having zero views by the app. What Happened Explaining a technical “glitch," TikTok’...
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Hewlett Packard To Reduce Workforce, Slash Salaries
Friday, May 22, 2020 - 6:40am | 420Hewlett Packard Enterprise (NYSE: HPE), while announcing its Q2 2020 results, said it would temporarily slash salaries and carry out job cuts. What Happened As sales decline due to the ongoing coronavirus pandemic, HPE, the maker of business technology hardware and software,...
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Trump Pushes His $275M Border Wall Agenda Amidst Pandemic, Construction To Begin 2021
Monday, May 11, 2020 - 7:28am | 274The United States Customs and Border Protection announced Friday that it had awarded the contract to build the border wall in January 2021. What Happened A $275 million border wall contract has been awarded to the Montgomery, Alabama based Caddell Construction Company. Construction of the border...
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iPhone Maker Foxconn To Produce Ventilators In US
Wednesday, April 8, 2020 - 6:20am | 399Apple Inc. (NASDAQ: AAPL) supplier Hon Hai Precision Co. Ltd. (OTC: HNHPF) is planning to make ventilators at its Wisconsin manufacturing plant, the company confirmed Wednesday, as reported by Fortune. What Happened Foxconn, as the company is better known, has partnered with medical device company...
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Chinese Cybersecurity Firm Alleges Decade Of CIA Hacks Against Chinese Officials
Saturday, March 7, 2020 - 4:58pm | 423A cybersecurity company in China says it believes evidence shows the CIA has hacked government officials, scientists and industry targets in China for several years. The company, Qihoo 360, published a report online alleging a "CIA hacking group" known as APT-C-39 has been targeting...
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House Lawmakers Demand Amazon, eBay Take Stronger Action Against Stolen And Fake Products
Thursday, March 5, 2020 - 7:39am | 382A group of lawmakers from both major political parties has asked Amazon Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY) to take stringent action against non-genuine, unsafe or stolen goods on their platforms. What Happened House lawmakers want Amazon and eBay to take stock of the threat posed...
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Microsoft CEO: 'Technology Is Both A Tool And A Weapon'
Tuesday, February 18, 2020 - 6:53pm | 672Microsoft Corporation (NASDAQ: MSFT) CEO Satya Nadella has been at the helm of the Seattle based software giant for six years. In a wide-ranging interview with Fortune published Monday, he talked about his views on tech and trust, equality, sustainability, the roles of the private sector and...
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Google 'People Operations' Head Steps Down As Company Faces Mounting Employee Protests
Tuesday, February 11, 2020 - 3:55am | 404Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google's vice president for "people operations" is departing from the role, Fortune reported Monday. What Happened Eileen Naughton, the head of Google's human resources department, who has been with the company since 2006, is...
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Paypal CEO Talks About Leaving Facebook's Libra, Blockchain, And Owning Bitcoin
Thursday, November 21, 2019 - 6:54am | 543PayPal Holdings Inc. (NASDAQ: PYPL) wasn’t scared of the regulatory issues facing Facebook Inc's (NASDAQ: FB) Libra cryptocurrency project, its CEO Dan Schulman told Fortune in an interview. On 'Extremely Robust Relationship' With Regulators “It wasn’t...
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Aston Martin Unveils Its First Ever SUV In Beijing
Wednesday, November 20, 2019 - 4:52am | 404UK-based luxury sports car maker Aston Martin Lagonda Global Holdings p.l.c. (OTC: AMGDF) launched its first sports utility vehicle at a formal event in Beijing on Wednesday. Aston Martin has completed the first trial build for the new SUV model named DBX, the company said in an official ...
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Alibaba, JD.com Post Record Singles Day Sales
Tuesday, November 12, 2019 - 1:02am | 451Chinese e-commerce behemoths Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) grossed over $68 billion in Singles Day sales Monday. What Happened Alibaba alone sold goods worth over $38.4 billion in total, surpassing the $30.8 billion it grossed last year by 26%, the company said in a statement....
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From Bankruptcy To Public Company: What You Need To Know About IHeartMedia's Return To Nasdaq
Thursday, July 18, 2019 - 12:40pm | 419Radio broadcaster iHeartMedia, Inc. (NASDAQ: IHRT) returned to the public market Thursday just months after emerging from bankruptcy. What Happened IHeartMedia, the largest radio broadcaster, emerged from bankruptcy in January when a judge approved a restructuring plan that eliminated more than $10...