Former CEO struggles to defend why Equifax deserves $7 million IRS contract to prevent fraud – Washington Post

Equifax’s former chief executive Richard Smith repeatedly deflected questions from a Senate panel Wednesday about a $7 million IRS contract the company recently received to help prevent fraud and whether the company could profit from the hack that exposed sensitive data of 145 million people. “Can you explain to the American people, not just as consumers who have been exposed [...]

Warren Buffett says this one investment ‘supersedes all others’ – CNBC

Top U.S. and World News Headlines for Friday, November 7

<!– –> VISIT CNBC.COM Home Entrepreneurs Leadership Careers Money Specials PRIMETIME Leadership Leadership 16 Hours Billionaire investor Warren Buffett says the very best investment you can make is one that “you can’t beat,” can’t be taxed and not even inflation can take away from you. “Ultimately, there’s one investment that supersedes all others: Invest [...]

Yahoo says all three billion accounts hacked in 2013 data theft – Reuters

(Reuters) – Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc (VZ.N). The news expands [...]

Uber Board Votes to Change the Company’s Power Structure –

Image: Dara Khosrowshahi

SAN FRANCISCO — Uber’s board of directors voted on Tuesday for new measures that will reshape the company’s power structure, stripping early investors, including ex-Chief Executive Travis Kalanick, of some of their influence. In addition to the corporate governance changes, which will eventually see all shareholders receiving one vote per share of stock they own, [...]

Monarch chief Andrew Swaffield ‘devastated’ at closure – BBC News

Media captionThe chief executive of failed airline Monarch tells Today projected losses were too great to stay operating Monarch chief executive Andrew Swaffield has said he is “absolutely devastated” at the airline’s collapse. Mr Swaffield said the decision not to continue trading was made on Saturday night after estimating that losses for 2018 would be [...]

Tesla Falls Short on Early Model 3 Shipment Goal – Greentech Media

Electric-car maker Tesla revealed on Monday that it has missed its initial shipment goal for the new Model 3, the company’s first lower-cost, more mass-market-oriented electric vehicle. For the third quarter of this year, Tesla said it shipped 220 Model 3 cars and produced 260 of them. In the company’s previous shareholder letter, Tesla said [...]

‘Shock and anger’ over Monarch Airlines collapse – BBC News

Image copyright Robson Smith Image caption Empty check-in desks pictured on Monday morning at Gatwick Airport, London Hundreds of thousands of Monarch Airlines passengers found out early on Monday via text message or letter that the company has ceased trading. Many have expressed distress and disbelief after their holiday plans were left in tatters. ‘Shock [...]

Catalonia worries drive euro down against stronger dollar – Reuters

LONDON (Reuters) – The euro slipped against the dollar on Monday after a violence-marred independence vote in Spain’s Catalonia region and as higher U.S. Treasury yields drove the dollar up across the board. Investors were watching the political situation in Spain nervously, after police used batons and rubber bullets to try to prevent Sunday’s vote [...]

Air France superjumbo engine failure forces emergency landing in Canada – CNN

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds. Air France superjumbo engine failure forces emergency landing in Canada – CNN

Inside the New Proposal That Exacerbated Uber’s Board Divisions – New York Times

Uber is “attempting to copy some things that characterize good governance at a public company,” said Charles M. Elson, director of the Weinberg Center for Corporate Governance at the University of Delaware. But, he added, parts of the proposal “typically show up when you have poor management and are generally opposed by public shareholders.” The [...]

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