Foxconn profit below forecast on soaring operating costs, shares fall

TAIPEI (Reuters) – Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world’s top contract electronics maker, analysts said. FILE PHOTO: A shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump as he […] Read more »

Unilever to use JD.com to move products across China

BERLIN (Reuters) – Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton’s tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country. FILE PHOTO – An employee works at a JD.com logistics centre in Langfang, […] Read more »

Tesla's slow disclosure raises governance, social media concerns

WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center […] Read more »

Vietnam's Vinfast in deal with Siemens for technology to make electric buses

HANOI (Reuters) – VinFast Trading and Production LLC has signed two contracts with Siemens Vietnam, a unit of Siemens AG, for the supply of technology and components to manufacture electric buses in the Southeast Asian country. The headquarters of Siemens AG is seen before the company’s annual news conference in Munich, Germany, November 9, 2017. […] Read more »

Cyber Saturday—The War on InfoWars

Good evening, Cyber Saturday readers. A number of tech companies excised the rantings and ravings of Alex Jones, a pundit known for promulgating deranged conspiracy theories, from their digital repositories this past week. On his website, InfoWars, Jones has been known to push baseless, detestable claims; for example, that the Sandy Hook massacre was a […] Read more »

How to See Your Company through the Eyes of the Employees

Have you ever seen the reality show Undercover Boss? I highly recommend it. On the show, the CEO of a company, disguised in casual clothes and with a made-up back story, spends time working incognito alongside his or her front-line employees. There are the predictable inter-employee spats, miniature crises, and times when the CEO just […] Read more »

This Company Forces Its Employees to Unplug and It Can't Stop Growing

Culture is often overlooked when starting a business. You have to find customers, deal with growth, and tackle logistics, so culture isn’t always at the top of the list. In fact, most company cultures form unintentionally out of personality and habits because, even though you know it’s important, culture isn’t paying to keep the lights on […] Read more »

Doug Field, former Tesla engineering chief, returns to Apple

SAN FRANCISCO (Reuters) – Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc (TSLA.O) last month, is returning to Apple Inc (AAPL.O), Apple told Reuters on Thursday. Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. […] Read more »

China revamps national technology leadership group, tech shares rise

BEIJING (Reuters) – China has revamped a national leadership group charged with planning and studying its key technological development strategies, signaling potential policy shifts are underway as its technological ambitions fueled a backlash abroad. FILE PHOTO: Chinese Premier Li Keqiang speaks at the China-EU Business Roundtable held at the Great Hall of the People in […] Read more »

Musk plan to privatize Tesla pushes $2.3 billion of debt above conversion price

NEW YORK (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai/File Photo The 11 percent […] Read more »