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Restaurant Brands CEO José Cil said if a company delivers good food a recession won't hurt its business.
PayPal takes on India’s digital payments market as it looks to international markets for growth. India presents a $1.0 trillion opportunity for the company.
Alphabet (GOOGL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Dow Inc. (NYSE:DOW) stock is about to trade ex-dividend in 4 days time. This means that investors who purchase shares...
Artificial Intelligence is set to change the world according to several billionaires. Here are seven stocks riding the AI wave.
News Corp (NWSA), a longtime Google (GOOGL) critic, wants to take Google on in the online news distribution space. Here's how.
Alibaba stock dropped 1.90% on August 22 after a 1.11% fall on August 21. The decline came after its competitor Pinduoduo reported strong earnings results.
(Bloomberg) -- Alphabet Inc.’s Google posted internal rules that discourage employees from debating politics, a shift away from the internet giant’s famously open culture.The “community guidelines” tell employees not to have “disruptive” conversations and warn workers that they’ll be held responsible for what they say at the office. Google is also building a tool to let employees flag problematic internal posts and creating a team of moderators to monitor conversations on company chat boards, a spokeswoman said.“While sharing information and ideas with colleagues helps build community, disrupting the workday to have a raging debate over politics or the latest news story does not,” the policy states. “Our primary responsibility is to do the work we’ve each been hired to do.”Google has long encouraged employees to question each other and push back against managers when they think they’re making the wrong decision. Google’s founders point to the open culture as instrumental to the success they’ve had revolutionizing the tech landscape over the last two decades.But the free-wheeling culture has led to a rash of problems for Google management in recent years. Some employees have used internal chat boards to rally other workers against some Google projects, helping push the company to end work on a censored search engine for the Chinese market and an artificial intelligence contract for the U.S. military.“I think it’s specifically intended to silence dissent,” Irene Knapp, an engineer at Google, said. “This is the end of the important parts of Google’s open culture.”Listen to the Bloomberg Decrypted podcast "Google Workers Rise Up: Inside the Protests"“Ultimately, business interests will always win out over ethics in terms of what we’re allowed to say,” Knapp said.(Updates with comment from employee in sixth paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Robin Ajello, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Google said yesterday that it would be shutting down 210 YouTube channels pumping out misinformation about the Hong Kong protests.
(Bloomberg) -- Semiconductor companies and Apple Inc. fell sharply on Friday, as the trade war between the U.S. and China continued to escalate.China’s Ministry of Finance said the country plans to levy retaliatory tariffs on another $75 billion of U.S. goods, pressuring the securities in pre-market trading. Their losses were extended following the open, after President Donald Trump subsequently said that he would announce his response Friday afternoon.Apple fell as much as 3.9%. The iPhone maker is heavily correlated to trade issues because China is both a major part of its supply chain and a notable market for its products. The company derived nearly 20% of its 2018 revenue from China, according to data compiled by Bloomberg.Chipmakers have been similarly volatile because of the trade war. The Philadelphia Semiconductor Index dropped 3.6% on Friday, and every member of the benchmark industry index was in negative territory.Among notable decliners, Qualcomm Inc. lost 3.3% while Nvidia Corp. was off 5% and Micron Technology shed 3.5%. Broadcom Inc. was down 4.9% and ON Semiconductor Corp. lost 5.4%.Technology stocks were the weakest-performing sector on Friday, with the S&P 500 information technology index down 2.4%. The S&P 500 overall fell 1.4%.(Adds Trump’s response in second paragraph, updates prices to market open)To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editor responsible for this story: Catherine Larkin at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Blank-check company Legacy Acquisition Corp. has agreed to purchase a global digital marketing company to be renamed Blue Impact Inc., clearing the way to grow organically and through M&A. Legacy, which raised $300 million almost two years ago, is led by former Procter & Gamble executive Edwin Rigaud but the new company will be […]
Amazon (AMZN) is all set to acquire a 49% stake in Future Coupons, a Future Group entity. The deal will give Amazon an indirect stake in Future Retail.
Amazon (AMZN) agrees to acquire 49% stake in Future Coupons, through which it will be entitled to snap up a minority share in Future Retail.
Amgen (AMGN) markets Mvasi and Kanjinti, biosimilar versions of Avastin and Herceptin, respectively in the United States, and Kanjinti and Amgevita, biosimilar of Humira, in the EU.
DICK'S Sporting (DKS) posts better-than-expected second-quarter fiscal 2019 results driven by solid same-store sales performance. Also, it raises its bottom-line view for fiscal 2019.
J&J (JNJ) is facing several litigation in multiple states related to abuse of its opioid-based drugs. A ruling is expected on Aug 26 in a trial filed by the state of Oklahoma.