Tag Archives: company

Harvey Weinstein off Weinstein Company board of directors

Harvey Weinstein expelled from Motion Picture Academy Harvey Weinstein is off the Weinstein Company board of directors. The departure foreshadows further changes at the crippled movie and TV studio. According to a source involved in the matter, Weinstein “resigned” from his position on the board during a Tuesday morning board of directors meeting. No further information could immediately be gleaned about the meeting. Spokespeople for the board members did not respond to requests for comment. TMZ had reported earlier in the day that Weinstein was “about to be fired from ...

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Can the company Harvey Weinstein founded survive his scandal?

Ronan Farrow on the Weinstein sexual assault scandal Can the Weinstein Co. survive in the wake of the Harvey Weinstein scandal? Right now it’s an open question, even among the 200-odd staffers at the company. The two men now running the firm, Weinstein’s brother Bob and the company’s president David Glasser, could be the next out the door, a company official and two Hollywood executives told CNN. The two Weinstein Co. executives are coming under severe scrutiny because some of the allegations of misconduct by Harvey Weinstein date back decades, ...

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China has a new richest man after his company stock soared 450%

China’s love of QR codes There’s a new face at the top of China’s wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande(EGRNF), is now the country’s richest man after his wealth ballooned to $ 43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%. Evergrande’s Xu has seen his net worth ...

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Weinstein's future uncertain at The Weinstein Company

Lisa Bloom: Harvey Weinstein knows he made mistakes Harvey Weinstein’s future at the film company he helped found is in question, following a New York Times report published Thursday that detailed numerous incidents of alleged sexual harassment. In a statement Friday, the board of the Weinstein Co. said, “We strongly endorse Harvey Weinstein’s already-announced decision to take an indefinite leave of absence from the Company, commencing today.” The board said his return depends on his “therapeutic progress,” the outcome of an independent investigation and “Harvey’s own personal decisions.” Bob Weinstein, ...

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All 3 Billion Yahoo Accounts Were Hacked, Company Reveals

Earlier this year, Yahoo announced that 1 billion of its accounts were hacked. That made it the single-largest data breach ever in terms of the number of accounts. Today, Yahoo announced that it was even worse. All 3 billion of its accounts were compromised. Yahoo said in a news release that it “obtained new intelligence” with the help of of “outside forensic experts.” Based on this new information, Yahoo can now say that “all Yahoo user accounts were affected” by the August 2013 breach. Stolen user account data did not ...

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All 3 Billion Yahoo Accounts Were Hacked, Company Confirms

Earlier this year, Yahoo announced that 1 billion of its accounts were hacked. That made it the single-largest data breach ever in terms of the number of accounts. Today, Yahoo announced that it was even worse. All 3 billion of its accounts were compromised. Yahoo said in a news release that it “obtained new intelligence” with the help of of “outside forensic experts.” Based on this new information, Yahoo can now say that “all Yahoo user accounts were affected” by the August 2013 breach. Stolen user account data did not ...

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Pour One Out for Juicero, the Now-Defunct $700 Juicer Company

This site may earn affiliate commissions from the links on this page. Terms of use. Back in 2014, a fledging new startup with a song in its heart and highly dubious nutritional science in its soul, received an estimated $ 120 million in VC funding. Juicero was founded by Doug Evans, a man with a passion for organic groceries (see above regarding dubious nutritional science) and DRM-laden bagjuice. Now, that beautiful dream is dead. Juicero has announced it intends to exit the lucrative juice-squeezing market and will focus on finding ...

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Tech company wants Trump to overrule national security decision on China deal

A U.S. chip manufacturer is asking President Trump to override a national security committee — which is looking to halt a proposed takeover of Lattice Semiconductors by a private equity firm that has ties to China. The deal puts Trump in the middle of a hot-button issue: Chinese investment in the United States. The Committee on Foreign Investment in the U.S. is in charge of reviewing deals that could result in a foreign entity taking control of an American company. The committee includes members from the departments of Treasury, Defense, ...

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Uber's new CEO: 'This company has to change'

Timeline: Uber’s management crisis After a year full of PR crises and self-inflicted wounds, Uber is finally on the cusp of turning the page. Uber’s new CEO, Dara Khosrowshahi, met with the embattled startup’s employees for the first time on Wednesday at an all-hands meeting. “This company has to change,” Khosrowshahi said in his remarks, according to the company. “What got us here is not what’s going to get us to the next level.” The Expedia(EXPE) CEO said he will start at Uber on Tuesday. For Uber, Khosrowshahi’s start can’t ...

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U.S. company gives up control of world's No. 2 copper mine

Why gold is considered an investing safe haven For nearly three decades, the world’s No. 2 copper mine has been controlled by an American company. Not anymore. Freeport-McMoRan(FCX) agreed Tuesday to give up its majority stake in the massive Grasberg gold and copper mine, ceding control to the Indonesian government in what is likely to be seen as a victory for President Joko Widodo. The U.S. miner’s ownership stake will be reduced from 90% to 49%, Indonesia’s energy minister Ignasius Jonan said at a joint press conference with Freeport CEO ...

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