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...
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...
HIGHEST BIDDER Anonymous donor pays $2.6M for lunch with Buffet

HIGHEST BIDDER Anonymous donor pays $2.6M for lunch with Buffet

by Fox News Associated Press In a Monday, May 8, 2017 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett gestures during an interview by Liz Claman of the Fox Business Network in Omaha, Neb.  (AP)   OMAHA, Neb. –  An anonymous bidder has agreed to pay more than $2.6 million for a private lunch with billionaire Warren Buffett, with the auction proceeds going to a California homeless charity. The winning bid of $2,679,001 was announced Friday night, as the online auction that started Sunday wrapped up. That’s lower than last year’s winning bid of $3,456,789, which tied for the record set in 2012. Organizers said in a news release that they still are grateful for the generous support. For the 18th consecutive year, Buffett auctioned off a lunch to raise money for the Glide Foundation, which helps homeless people in San Francisco. The chairman and CEO of Berkshire Hathaway has raised more than $25 million through the auctions. Glide provides meals, health care, job training, rehabilitation and housing support to the poor and homeless. Buffett has praised the charity for the work it does helping people. Buffett became a believer in Glide’s work after his first wife, Susie Buffett, showed him what the group was doing for the poor and homeless. Susie Buffett had volunteered for the charity before her death in 2004. Related: parents-of-girl-found-dead-in-garage-charged-in-illinois As for this year’s lunch, Buffett says the only topic that will be off-limits in the conversation is what he might invest in next. The 86-year-old says he usually gets a wide range of questions. The winners of the lunch auction typically dine...
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. 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 my own business...
GE ANNOUNCES $15 BILLION OF BUSINESS DEALS WITH SAUDI ARABIA

GE ANNOUNCES $15 BILLION OF BUSINESS DEALS WITH SAUDI ARABIA

by Reuters Business Vice Chairman of General Electric, John Rice and Saudi Governor of Small & Medium Enterprises, Ghassan Ahmed Al Sulaiman pose for photos after signing their agreements at the Saudi-US CEO Forum 2017 ahead of the arrival of the U.S. President Donald Trump, in Riyadh, Saudi Arabia May 20, 2017. REUTERS/Hamad I Mohammed U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference coinciding with the visit of President Donald Trump to Riyadh. The agreements, which involve almost $7 billion of goods and services from GE itself, range from the power and healthcare sectors to the oil and gas industry and mining, GE said. Some of the deals are memorandums of understanding which would require further agreements to materialize. RELATED: STRONG-EARNINGS-LIFT-INVESTOR-SPIRITS-AFTER-TRUMP-SLUMP Among the projects, GE will help make Saudi power generation more efficient and provide digital technology to the operations of oil firm Saudi Aramco, aiming to create $4 billion of annual productivity improvements at Aramco. It will cooperate in medical research and training. (Reporting by Andrew Torchia Editing by Jeremy Gaunt.) RELATED:...