Amazon, JP Morgan Chase, and Berkshire Hathaway announced today they are forming a non-profit joint venture to manage and streamline their employee healthcare programs.
The CEOs of these giant companies — Jeff Bezos of Amazon, Jamie Dimon of Chase, and Warren Buffet of Berkshire Hathaway — say the new company will focus on technology solutions that will provide high-quality health benefits at a reasonable cost.
German carmakers Volkswagen came under fire Monday following revelations they helped finance experiments that saw humans and monkeys exposed to toxic diesel fumes that have been linked to asthma, lung diseases and heart attacks.
The disclosures sparked widespread outrage, led by Chancellor Angela Merkel who strongly condemned the latest controversy to hit the nation’s powerful but scandal-tainted auto industry.
Swiss food group Nestle said on Friday it planned to cut as many as 400 jobs in France in support services and HQ functions, as it sees to cut cost and boost efficiency, confirming a media report.
The Swiss food company announced the plan in a meeting with labour leaders, according to Daniel Loget, secretary of the worker’s consultation committee at Nestle Purina in Paris, and Patrick Fernand, a representative from the CGT union.
The Swiss bank UBS reported a net profit of 1.165 billion Swiss francs ($1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.
The consensus from a Reuters poll was for a figure of 1.257 billion Swiss francs, below the 2016 number of 3.3 billion Swiss francs and below the 2015 figure of 6.2 billion Swiss francs.
The autonomous revolution is nearly upon us, and General Motors is entering the fray properly with this, the Cruise AV. The fruit of GM’s $1 billion acquisition of Cruise Automotive back in March of 2016, the Cruise AV is a properly driverless car. That is to say, it has no steering wheel, no pedals and no real driver controls at all — aside from a touchscreen — and GM says it’ll hit the road in 2019.
The death of Hugh Hefner might also bring the death of Playboy’s print magazine, according to Playboy Enterprises interim CEO Ben Kohn.
Instead, the magazine’s parent company might shift its focus on brand partnerships and licensing deals -think that famous bunny logo- and forgo its editorial branch, according to The Wall Street Journal.
Brian Krzanich, chief executive officer of Intel, sold millions of dollars’ worth of Intel stock-all he could part with under corporate bylaws-after Intel learned of Meltdown and Spectre, two related families of security flaws in Intel processors.
While an Intel spokesperson told CBS Marketwatch reporter Jeremy Owens that the trades were "unrelated" to the security revelations, and Intel financial filings showed that the stock sales were previously scheduled, Krzanich scheduled those sales on October 30. That’s a full five months after researchers informed Intel of the vulnerabilities. And Intel has offered no further explanation of why Krzanich abruptly sold off all the stock he was permitted to.
Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings, Reuters reported.
On Wednesday evening, a large team of researchers at Google’s Project Zero, universities including the Graz University of Technology, the University of Pennsylvania, the University of Adelaide in Australia, and security companies including Cyberus and Rambus together released the full details of two attacks based on that flaw, which they call Meltdown and Spectre.
