UBER CEO RESIGNS Company’s founder Travis Kalanick steps down

UBER CEO RESIGNS Company’s founder Travis Kalanick steps down

by Fox News FILE: Uber CEO Travis Kalanick gestures as he addresses a gathering during a conference of start-up businesses in New Delhi,  (Reuters) Uber founder Travis Kalanick resigned Wednesday as CEO after pressure from investors. The company’s board confirmed the move, saying in a statement that Kalanick is taking time to heal from the death of his mother in a boating accident “while giving the company room to full embrace this new chapter in Uber’s history.” He will remain on the Uber Technologies Inc. board. Five of the company’s key investors on Tuesday demanded that he resigned, according to The New York Times, which first reported Kalanick’s decision to step down. The demand came in a letter titled “Moving Uber Forward.” “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick reportedly said in a statement to the Times. The resignation came after a series of costly missteps under Kalanick. Uber on Tuesday embarked on a 180-day program to change its image by allowing riders to give drivers tips through the Uber app, something the company had resisted under Kalanick. The San Francisco-based company is trying to reverse damage done to its reputation by revelations of sexual harassment in its offices, allegations of trade secrets theft and an investigation into efforts to mislead government regulators. Related: keystone-state-boom-first-coal-mine-under-trump-praised-as-lifeline Uber’s board said in a statement that Kalanick had “always put Uber first.” Related: john-flannery-named-chairman-and-ceo-of-ge Under Kalanick, Uber has...
Trump’s Cuba Directive Explained

Trump’s Cuba Directive Explained

by USA Today World News Trump’s Cuba directive explained Melanie Eversley New presidential directives aim to bring in tougher policies toward Cuba. What will the new directives mean? President Trump unveiled the directives Friday at a speech in Miami. The Treasury and Commerce departments have 30 days to come up with a concrete plan. President Donald Trump declared Friday he was restoring some travel and economic restrictions on Cuba that were lifted as part of the Obama administration’s historic easing. (June 16) AP Possible changes: — Tighter enforcement of rules requiring Americans to produce proof of valid travel to Cuba (such as receipts) under allowed categories. Related: pyongyang-torture—warmbiers-injuries-renew-focus-on-infamous-camps — A reverting back to old policy of visits only being permitted with groups licensed by the Treasury Department. — Americans who travel under permitted categories, such as education, will be subject to an audit by the Treasury Department. — Commerce will be restricted with the business and commerce wing of Cuba’s military. — Will make it difficult for U.S. companies to expand their business in Cuba. Related: breaking-news–mistrial-declared-in-bill-cosby-sexual-assault-case-after-jury-in-deadlock Areas that will likely not be affected: — Unlimited family travel and money sent to individuals in Cuba. — Airbnb (lodging hosted by Cuban residents). — Ability for Americans to bring back unlimited amounts of Cuban-made products, such as cigars, for personal use. — Embassies in Washington and Havana will remain open. Not clear — What would happen to companies that have already created or enlarged their presence in Cuba, such as Starwoods Hotels and...
My Top Tips for Job Seekers

My Top Tips for Job Seekers

As a Care Manager, I counsel job seekers by assisting with resume creation or improvement, social media instruction,  like using LinkedIn and challenging them to see themselves through a potential employer’s eyes. Because an employment crisis may happen to anyone, here are some of the top tips that I share with job seekers: What do you want to be when you grow up?    I know from personal experience that many people have no idea, so I share my story with them: When my husband, Dennis, suggested that I needed to get a job, I was taken aback. This was a time of transition from being a homeschooling mom to contributing in a new way. The problem was that my season of parenting/teaching had been very fulfilling in contrast to the jobs I could already list on my resume. So, I decided to take some time to figure out what I wanted to be when I grew up. I found a book at the library called Do What You Are and after taking the personality test that it recommended, I came up with three options. Although the first two, counseling and teaching, didn’t surprise me, I realized that four years in college wouldn’t really help the financial situation. However, the third recommendation of graphic design surprised and intrigued me, mainly because I had never considered myself artistic. Since I could earn an Associates of Science Degree in just two years, I decided to pursue it. Related: the-worst-thing-that-could-possibly-happen-to-a-parent I was delighted to find that armed with a computer and Adobe Creative Suite software, I could be successfully and enjoyably employed as a graphic artist! Eventually, I opened...
KEYSTONE STATE ‘BOOM’ First coal mine under Trump praised as lifeline

KEYSTONE STATE ‘BOOM’ First coal mine under Trump praised as lifeline

by Fox News Around 200 miners, business leaders and local politicians stood around tables covered in mining headgear and tablecloths labeled “Make Coal Great Again” as they overlooked a freshly dug coal pit located around 60 miles southeast of Pittsburgh. The group was assembled for the opening of Corsa Coal Corp’s Acosta mine – the country’s newest mining operation – which will dig up metallurgical coal for use in a booming steel industry and is expected to generate up to 100 full-time jobs. Hundreds of job applications already have poured in. Although many analysts have predicted a decline in coal extraction, the mine has been praised locally as an economic lifeline for a region hard hit by the decline in coal-fired power plants and – despite Corsa starting work on the mine last August – it’s been hailed by President Trump as proof that environmental deregulation will bring jobs to the struggling industry. “When I campaigned for president I said that we would end the war on coal and put our incredible miners-that’s what you are you are incredible – back to work,” Trump said in a video played for the crowd gathered in Somerset County. More on this… Coal miner Cloud Peak urges Trump to stay in Paris climate deal Trump promised to bring back coal. Now some worry he will take away miners’ black lung benefits Trump’s newest adviser wants to mine the moon Trump has made reversing the decades-long decline in coal mining the central tenet of his environmental policy – blaming federal regulations aimed at curbing planet-warming carbon emissions for job losses in the industry. The...
John Flannery named Chairman and CEO of GE

John Flannery named Chairman and CEO of GE

by Fox News Outgoing General Electric Chairman and CEO Jeffrey Immelt (C), Incoming CEO John Flannery (R) (Reuters) General Electric said Jeff Immelt would retire as chief executive and would be replaced by John Flannery, the head of GE healthcare, ending a years-long succession plan. Immelt, 61, will remain chairman through his retirement on Dec. 31. Flannery will take over as CEO, effective Aug. 1 and chairman following Immelt’s departure. The company’s shares were up 3.6 percent in premarket trading. Jeff Immelt, who took over from Jack Welch in 2001, has been credited with steering the company through the financial crisis, which nearly toppled the maker of jet engines, wind turbines and locomotives. Immelt also oversaw the restructuring of the GE Capital unit and shifted the conglomerate’s focus from finance to manufacturing. Flannery, 55, who is currently president and CEO of GE Healthcare, joined GE Capital about three decades ago. He has led GE’s equity business in Latin America and the overall GE Capital business for Argentina and Chile. Flannery has led the turnaround of the healthcare business, increasing organic revenue by 5 percent and margins by 100 basis points in 2016, GE said. GE said Kieran Murphy, president and CEO of GE Healthcare Life Sciences, will replace Flannery. Related: keystone-state-boom-first-coal-mine-under-trump-praised-as-lifeline   (Reporting by Arunima Banerjee in Bengaluru; Editing by Shounak Dasgupta and Saumyadeb Chakrabarty) Related:...
BUSINESS BATTLE Reports: AGs to sue Trump over foreign payments

BUSINESS BATTLE Reports: AGs to sue Trump over foreign payments

by Fox News The attorneys general of Maryland and Washington D.C. reportedly plan to file a lawsuit Monday against President Trump alleging that foreign payments to his businesses violate the Constitution. A similar lawsuit was filed in January, but the case from two Democratic attorneys general may stand a better chance in court because it is the first brought by government entities, according to Reuters. The attorneys allege Trump violated the Constitution’s emoluments clause. According to The Washington Post, which first reported the lawsuit, the lawsuit focuses on Trump’s decision to retain ownership of his company when he became president. Trump insisted in January that he was moving business assets into a trust to be managed by his sons and eliminate possible conflicts. D.C. Attorney General Karl Racine and Maryland Attorney General Brian Frosh said Trump has failed to keep his promises involving his businesses, including having his son Eric Trump update his father about the company’s finances. “This case is, at its core, about the right of Marylanders, residents of the District of Columbia and all Americans to have honest government,” Frosh told The Post. “The emoluments clauses command that the president put the country first and not his own personal interest first.” The attorneys said that if the lawsuit is able to proceed it could force Trump to hand over his personal tax returns in an effort to get a grasp around his foreign business dealings. Related: the-stages-of-jihad-a-well-organized-plan- The lawsuit, which will be filed in the U.S. District Court of Maryland, will be the second of its kind related to emoluments. An ethics non-profit, restaurant group and hotel events...