• PwC Accepts The Oscar Blame; Reputation Facing Rehab
    Add “tweeting while handing out Oscar-winner envelopes” to the ever-expanding list of social media faux pas to be avoided by brand stewards and everyday thumbsters everywhere.  To recount, “in a gaffe that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide,” as Reuters puts it, PricewaterhouseCoopers (PwC) accountant and partner Brian Cullinan “mistakenly handed the back-up envelope for Actress in a Leading Role instead of the envelope for Best Picture” to presenters Warren Beatty and Faye Dunaway Sunday night.  “Less than 24 hours since the most notorious fubar in Oscar history,” writes Gregg Kilday for ...
  • Sony Happy With VR Goggle Sales; Releases Surprising Smartphone
    Sony has even surprised itself with robust sales of its Playstation VR headsets. The company has sold more than 900,000 units since the product hit shelves. It's hoping to have the same success with a new smartphone.
  • Alphabet's Waymo Says Uber Stole Self-Driving Trade Secrets
    Claiming that an engineer now employed by Uber downloaded 9.7 gigabytes of "highly confidential" files six weeks before departing its employ, Alphabet's self-driving car division, Waymo, is suing Uber for allegedly misappropriating its trade secrets.
  • On, Above and Under The Ground: Checking In With Elon Musk
    Tesla Inc. - minus the word "Motors" in the middle since we last checked in - said yesterday that production of its critical Model 3 would begin in July, ramping up to 5,000 vehicles per week "at some point in the fourth quarter" and 10,000 vehicles per week "at some point in 2018."
  • Wells Fargo Axes 4 Senior Managers In 'Ongoing' Sales-scandal Probe
    Wells Fargo yesterday fired four senior community banking managers it has tied to the simmering scandal over the opening of unauthorized accounts and high-pressure sales tactics that last September cost the bank $185 million in fines - and 5,300 lower-level employees their jobs. John Stumpf, who was CEO during the shenanigans, retired with a reported $134.1 million package in October following contentious congressional hearings.
  • Kraft Heinz' Bid For Unilever: What Was That All About?
    The Kraft Heinz offer for Unilever, which disappeared as suddenly as it arrived after Unilever adamantly said no, has observers wondering about motivations, contemplating the impact of the eventful non-event and pondering what may be next for both companies.
  • Visa And IBM's Watson Look To Transform Payments On IoT
    Another transactional ritual of the 21st Century that may soon go the way of the checkbook: it's freezing cold as your hands fumble to get a grip on the credit card, which you insert into the slot on the gas tank upside down then, after correcting, your gloved finger punches in the wrong verifying zip code only to be informed that ....
  • Immigrant Workers Protest Mounts; Trump Meets With Retail CEOs
    Businesses are closing and cities across the country are preparing for "A Day Without Immigrants," an apparently impromptu movement gathering momentum that calls for immigrants to not work today to protest the Trump Administration's border policies.
  • GM Talks Deal With Peugeot's Parent For Opel
    After years of heavy maintenance and repair bills, General Motors is looking to trade in its Opel division in Europe, where it has been for 90 years. CEO Mary Barra and president Dan Ammann are at Opel's headquarters in Ruesselsheim, Germany, this morning "exploring a potential deepening of strategic initiatives," Reuters reports, including a sale of Opel to PSA Group, the French company that makes Peugeot and Citroen.
  • Marathon Pharmaceuticals 'Pauses' Rollout After Pol Attack
    You only had to read the "Washington Post" headline last Friday to know where this was headed: "An Old Drug Gets A New Price To Fight A Rare Disease: $89,000 A Year."
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