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Starbucks CEO wants workers in office but won’t give mandates: ‘We’re all adults here’
“My point of view is we should be together as much as possible. You need to figure out where you need to be to get your job done, then do that,” he said. “We’re all adults here.” Read More
Nike welcomes boomerang CEO with $27 million payday
The veteran executive Elliott Hill retired from the retailer in 2020—and he’s back. Read More
Craigslist’s 71-Year-Old Founder Is Donating $100 Million to Cybersecurity. Here’s Why.
Craig Newmark's giving philosophy comes from a concept that means "repairing the world."
Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options. Read More
It’s a myth that working in the office 5 days a week is the only way to build company culture
Amazon has become the latest firm to end working from home in the name of company culture—a PwC reports suggests it could have the opposite effect. Read More
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Apple gets green light from FDA to add feature that will let AirPods Pro 2 be used as hearing aids
AirPods Pro 2 are priced at $249, considerably lower than the average price of clinical-grade hearing aids, but those interested will need to adopt Apple's devices. Read More
Musk brands Australian government ‘fascists’ after they try to fine tech giants that fail to stem misinformation
Australia introduced a "combating misinformation" bill on Thursday, which includes sweeping powers to fine tech giants up to 5% of their yearly turnover for breaching online safety obligations. Read More
Japan makes 7-Eleven takeover more difficult by designating convenience store parent a ‘core’ industry
Other entities rated the same in Japan include manufacturers in the nuclear, rare earths, and chip industries, as well as cybersecurity and infrastructure operators. Read More
London’s largest insurance market, famed for its male-dominated culture of alcohol and drugs, finally cracks down on drinking at work
Lloyd’s of London plans to ban “conducting Lloyd’s business when under the influence of alcohol where it leads to unprofessional behaviour.” Read More
China bans PwC for 6 months and fines it $62 million over botched Evergrande audit
The moves by Chinese regulators mark the latest development in a crackdown on PwC for its work with Evergrande, which has become emblematic of a protracted debt crisis in the country's real estate sector. Read More
Some on Wall Street think we’re about to get a 50-point rate cut from the Fed
"Why don't you just get started?" Read More
Tech unicorn CEO refuses to leave after board announces his replacement—now the 2 CEOs are fighting over email
OpenWeb just announced its new CEO. The only problem? Its founder Nadav Shoval is refusing to step down. Read More
Montana miner laying off 700 as price for metal used in catalytic converters collapses
The price of the precious metal palladium was about $2,300 an ounce two years ago and has dipped below $1,000 an ounce over the past three months. Read More
Prioritization is the symptom, not the illness
Learn how to overcome prioritisation challenges, as a product leader. Read more » The post Prioritization is the symptom, not the illness appeared first on Mind the Product.
Air Canada makes plea for government help as pilots demand wages it says it can’t pay
The union representing 5,200 pilots says Air Canada continues to post record profits while expecting pilots to accept below-market compensation. Read More
Hewlett-Packard boss says pursuing Mike Lynch’s grieving family for $4 billion was a ‘difficult decision’ done in ‘the best interests of shareholders’
Hewlett-Packard CEO Antonio Neri expressed regret for Lynch's death while doubling down on his company's legal battle. Read More
FirstEnergy ordered to pay $100 million for its role in scheme to bribe state officials
Energy company at the center of a $60 million bribery scheme in Ohio has been ordered to pay a $100 million civil penalty. Read More
Not every company is struggling in China: Brands like Sam’s Club and Lululemon win over more ‘rational’ consumers
While most brands struggle with sluggish demand, a select few consumer companies are delivering gains last seen during China's boom times. Read More
Justice Department is preparing criminal charges in Iran hack that targeted Trump campaign
The prospect of criminal charges comes as the Justice Department has raised alarms about aggressive efforts by countries including Russia and Iran. Read More
6-in-10 Americans say they need to limit their political news to avoid feeling fatigued
While about half of Americans say they are following political news “extremely” or “very” closely, about 6 in 10 say they need to limit how much information they consume Read More
Swiss brand Omega suffers major decline despite leading Paris Olympics—Rolex, Patek Philippe and Audemars Piguet gain
Despite the high profile exposure Omega received as the official timekeeping sponsor of the Paris Olympics—market prices declined by nearly 1%. Read More