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Jack Ma broke silence after 2 months of disappearance 1/21/2021
The normally voluble Ma disappeared from public view after he irked regulators by criticizing them in an Oct. 24 speech at a Shanghai conference. Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group.
Trump pardoned Google engineer who stole company car secret 1/21/2021
Before leaving, Levandowski downloaded a trove of Google’s self-driving car technology, leading eventually to 33 counts of intellectual property theft against him. He plead guilty to one count and was sentenced to 18 months in prison last summer.
Merger of PSA Peugeot and Fiat Chrysler to keep jobs and brand names 1/21/2021
CEO Carlos Tavares told a virtual press conference just days after Stellantis' official birth as a new company that jobs only accounted for 10 percent of manufacturing costs - and that he had "tons of other things" he can do to improve profitability.
Signs are the country is on the cusp of a kind of boom 1/20/2021
“If the economy is improving substantially by spring or early summer, that might actually help Biden get more of his agenda done ... because success can beget success," said Jason Furman, who was top economist for the Obama administration.
Former Samsung CEO was retrial and send back to prison for bribery charges 1/20/2021
Seoul High Court found Lee guilty of bribing then-President Park Geun-hye and her close confidante to win government support for a 2015 merger between two Samsung affiliates.
Janet Yellen warned of a deep pandemic-induced recession 1/20/2021
“Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen said in testimony prepared for her confirmation hearing Tuesday before the Senate Finance Committee.
Smart watches can detect Covid 7 days ahead 1/20/2021
Researchers at Mount Sinai in New York say smart watches can detect subtle changes in the wearer’s heartbeat that are indicative of the coronavirus.
FAA approved first autonomus drone flight 1/19/2021
A Massachusetts company has been granted approval to operate commercial drone flights without a person directing the machine and keeping it in sight.
Stellantis, the PSA Peugeot and Fiat Chrysler combined company, jumped on first trading day 1/19/2021
Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value.
Virgin Orbit succeed on air-launched rocket from a Boeing 747 1/19/2021
A 70-foot-long (21.34-meter-long) LauncherOne rocket was released from beneath the wing of a Boeing 747 carrier aircraft off the coast of Southern California, ignited moments later and soared toward space. The two-stage rocket carried a cluster of very small satellites known as CubeSats developed and built as part of a NASA educational program involving U.S. universities.
Renault's "Le Car" model turns electric 1/19/2021
The company unveiled a prototype electric vehicle based on the R5, the subcompact — known as Le Car in the U.S. — that drew a cult following during its initial runs from the 1970s to the mid-90s.
Google overcame antitrust argument to acquire Fitbit 1/18/2021
Google makes most of its money by selling ads based on information it collects about its billions of users’ interests and whereabouts. Privacy watchdogs feared it might exploit Fitbit to peer even deeper into people's lives. .
traffic death toll rises in the middle of lockdown 1/18/2021
The National Highway Traffic Safety Administration estimates that 28,190 people died in traffic crashes from January through September of last year, up from 26,941 in the same period of 2019. Final statistics for the full year won't come out until fall. Authorities blamed the increase on risky driving behavior that developed when there were few vehicles on the road early in the pandemic.
Samsung's next crop of smartphones to have more feature at lower prices 1/18/2021
Samsung's next crop of smartphones will boast bigger screens, better cameras, and longer-lasting batteries at lower prices than last year's lineup.
A MIT Technology professor caught doing nanotechnology research for Chinese government 1/18/2021
While working for MIT, Chen entered into undisclosed contracts and held appointments with Chinese entities, including acting as an "overseas expert" for the Chinese government at the request of the People's Republic of China Consulate Office in New York.
Intel CEO Swan to be replaced by industry veteran Pat Gelsinger 1/15/2021
Surprise shakeup followed several weeks of investor activism by hedge fund Third Point, which had pushed for big changes.
U.S. to block cotton and tomatoes shipment from China Uighur region citing forced labor 1/15/2021
Officials said Customs and Border Protection will use its authority to block products suspected of being produced with forced labor to keep out cotton, tomatoes and related products from the Xinjiang region of northwest China.
Machine Artificial Intelligence will get out of scientist hands one day 1/15/2021
Using theoretical calculations, an international team of researchers, including scientists from the Center for Humans and Machines at the Max Planck Institute for Human Development, shows that it would not be possible to control a super-intelligent AI. The study was published in the Journal of Artificial Intelligence Research.
NTSB make recommendation to first responders in the case of electric car fire 1/15/2021
There are gaps in industry safety standards and research on high-voltage lithium-ion battery fires, especially in high-speed, severe crashes, the National Transportation Safety Board said Wednesday.
Drivers for Uber, Lyft now have a compelling reason to sue their companies 1/14/2021
The lawsuit filed with the California Supreme Court said Proposition 22 is unconstitutional because it limits the power of the Legislature to grant workers the right to organize and excludes drivers from being eligible for workers' compensation.
Layoffs spiked in November 1/14/2021
Layoffs spiked in November compared with the previous month and the number of job openings slipped, signaling that the job market has stalled as the resurgent coronavirus has brought about another wave shutdowns of restaurants and bars and hobbled consumer spending.
Apple to work with Hyundai on “Project Titan” 1/14/2021
Apple expects to sign a deal with Hyundai to make its cars. The initial version of the article, according to Reuters, indicated that the companies planned to make 100,000 vehicles per year either at the automaker’s existing Kia plant in Georgia or at a new factory.
Boeing gets $1.7 billion contract from government 1/14/2021
This week the U.S. Air Force awarded Boeing a $1.7 billion contract for 12 KC-46A tanker aircraft. With this sixth production lot, Boeing is now on contract for 79 KC-46A tankers.
MediaTek revenue climbed 30.8% 1/13/2021
MediaTek contracts mainly TSMC to fabricate its 5G mobile chips, and has landed orders for major China-based brands' new models slated for launch in the first quarter.
Staples still want Office Depot after FTC rejection five years ago 1/13/2021
Staples’ parent company, USR Parent, has made a $40-per-share acquisition proposal to Office Depot’s Parent Company, ODP Corp. Valued at $2.1 billion overall, the offer is approximately 61 percent above ODP’s average share closing price over the previous 90 trading days, according to USR Parent.
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