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Google is stopping one of the most controversial advertising formats: ads inside Gmail that scan users’ email contents. The decision didn’t come from Google’s ad team, but from its cloud unit, which is angling to sign up more corporate customers.
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The company’s co-founder had been under increasing pressure, and several major investors demanded that he resign from the company immediately.
Submitted on June 21st 2017 by Apolatia with 2 Related Links:
1. Amid Tumult at Uber, Bill Gurley Is Said to Be Leaving Board Added by Apolatia on June 21st 2017.
2. How Uber Backers Orchestrated Kalanick’s Ouster as CEO Added by canuck on June 21st 2017.
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Ford is shifting production of its next-generation Focus from Mexico to China, planning to import the small car to the United States. While other U.S. companies such as Apple have been manufacturing products in China, Ford's decision to source the Focus from the country in East Asia is likely to draw more attention than the others. That's because this marks the first time that the carmaker will make a vehicle in China targeted at U.S. consumers.
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'Pirate' sites Sci-Hub and LibGen have been ordered to pay millions of dollars in damages to Elsevier, one of the largest academic publishers. A New York District Court granted Elsevier's request for a default judgment of $15 million in damages. Sci-Hub's founder says that she can't pay the damages even if she wanted to, and for now, the "Pirate Bay for science" isn't going anywhere.
Submitted on June 24th 2017 by kxh
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Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019. Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. Sales of small cars have dropped sharply...
12 +110m ago
When three activists investigating labour abuses at a factory that makes Ivanka Trump shoes in China were arrested, the brand stayed silent for a week and then attempted to distance itself from the controversy by saying it had been months since its products were manufactured there.
Submitted on June 21st 2017 by zyery
13 +110m ago
Technology-driven efficiency has achieved wonderful things. It has brought people in developed countries an astonishingly rich standard of living, and freed most of us from the work of growing the food we eat or making the products we use. Human jobs in the future will be the ones that require emotional labour: currently undervalued and underpaid but invaluable. The NHS could employ hundreds of thousands of staff with the right technological skills, but without the compassion to care, then we will have failed to meet the needs of patients.’
Submitted on June 24th 2017 by tranxene
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McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants. Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year. McDonald's shares rallied 26 percent this year through Monday compared to the S&P 500's 10 percent return.
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The world's biggest coal company just shut down 37 mines because they are not economically viable anymore
The largest coal mining company in the world has announced it will close 37 mines because they are no longer economically viable. Coal India, which produces around 82 per cent of India's coal, said the mines would be decommissioned by March 2018. The closures, of around 9 per cent of the state-run firm's sites, will reportedly save around 8,000,000,000 rupees (£98m).
Submitted on June 21st 2017 by zritic
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Foxconn says that it is still planning to set up U.S. manufacturing plants in ‘several’ states, in a deal worth $10B. Some $7B of that investment is earmarked for display production, with the balance allocated to a mix of other products. Foxconn chairman Terry Gou initially said that the company was looking at midwest states, before later naming seven states as candidates...
Submitted on June 22nd 2017 by Apolatia
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Ethereum is up 3,601% so far in 2017.
1. Here’s How Traders Lost Millions in the First Ethereum Flash Crash Added by Apolatia on June 22nd 2017.
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Here are this week's top five Business & Economy tribes:
/t/business 94 posts, 27 comments, 383 votes.
/t/entrepreneurship 8 posts, 0 comments, 8 votes.
/t/economy 36 posts, 19 comments, 126 votes.
/t/uber 6 posts, 1 comments, 7 votes.
/t/currency 6 posts, 1 comments, 20 votes.
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