Google Fires Employee Who Wrote Memo Criticizing Diversity Initiatives
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Google fired the employee who wrote an internal memo suggesting men are better suited for tech jobs than women. Google Chief Executive Sundar Pichai said the memo writer violated company policy.
United Tech in Takeover Talks With Rockwell Collins
United Technologies has made an approach to acquire Rockwell Collins, but the two aerospace suppliers are still wrangling over the price of a takeover that would exceed $20 billion, according to people familiar with the matter.
Nissan to Sell Stake in Battery Joint Venture to China's GSR
Nissan Motor Co. has agreed to sell its battery business including its U.S. operations to a Chinese investment firm, setting the stage for a potential ruling by a U.S. regulator on the transfer of sensitive technologies.
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Time Plans Cost Cutting as It Reports Quarterly Loss
Time Inc. said it has identified more than $400 million in cost cuts to help reposition the business hurt by sliding revenue and print circulation. The company reported a quarterly loss of $44 million.
Uber Chairman Says Travis Kalanick Won't Return as CEO
Uber Technologies won't be bringing co-founder Travis Kalanick back as CEO, the company's chairman told employees in an attempt to quell reports the co-founder was attempting a comeback.
Endo Settles Most U.S. Claims on Mesh Products
Endo International said it reached settlements to resolve most of the U.S. product-liability claims regarding the safety of its vaginal mesh products, potentially bringing total settlement costs up to $3.58 billion.
J.P. Morgan Chase Axes Popular Debit Card Feature
J.P. Morgan Chase has quietly canceled a popular program that allowed customers to replace lost debit cards at many of its 5,300 branches, responding to factors including an uptick in fraud.
Bad Reviews Threaten RLJ's Proposed Hotel Deal
RLJ Lodging's proposal to buy real-estate investment trust FelCor, at a price that has been panned by Wall Street and criticized by analysts, will soon be voted upon by shareholders.
Avis, Stung by Falling Used-Car Prices, Reports Disappointing Results
Avis Budget Group cut its earnings forecast for the year, citing a difficult first half hurt by price pressure and higher fleet costs.
Hanjin Shipping Co. Says Bankruptcy Claims Top $10 Billion
South Korea's Hanjin Shipping Co., which roiled global trade and temporarily marooned more than half a million cargo containers when it filed for bankruptcy, says it has raised only a fraction of what it needs to repay creditors, whose claims total about $10.5 billion.
(END) Dow Jones Newswires
August 08, 2017 09:15 ET (13:15 GMT)