management
San Francisco (AFP) - The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. Changpeng Zhao, a Canadian, resigned from his post at the world's largest cryptocurrency exchange platform late last year as part of a deal with US authorities. According to investigations by two Treasury agencies, Binance failed to prevent transactions by movements such as the Islamic State group, al-Qaeda or the armed wing of Hamas. Zhao pleaded guilty t...
AFP
By Glenn CHAPMAN San Francisco (AFP) - L'ancien patron de la plateforme de cryptomonnaies Binance, Changpeng Zhao, terminera-t-il derrière les barreaux? C'est en tout cas ce qu'espèrent des procureurs américains qui ont demandé une peine de prison pour blanchiment d'argent à son encontre, alors que le jugement est attendu mardi. Citoyen canadien, M. Zhao avait annoncé en fin d'année dernière quitter son poste à la tête de Binance, décision qui était avant tout la conséquence d'un accord signé avec les autorités américaines. Selon l'enquête réalisée par deux agences dépendant du département du ...
AFP (Français)
Washington (AFP) - A Southwest Airlines flight from Texas to Los Angeles was forced to abort during takeoff on Thursday due to an engine fire on a Boeing 737 aircraft, the latest problem incident on a Boeing jet. Southwest Flight 1928 "safely discontinued its takeoff roll" after cabin crew received an indication of a "possible engine issue" in the 737-800 jet, the airline told AFP by email on Friday. No injuries were reported in the incident, according to the local fire department in Lubbock, Texas, which said in a social media post that there had been a "fire in one engine" of the plane. The...
AFP
New York (AFP) - Boeing announced Monday a leadership shakeup headlined by the departure of CEO Dave Calhoun as the aviation giant faces heavy scrutiny following safety incidents and manufacturing issues. Calhoun will depart at the end of 2024. Stan Deal, Boeing's head of commercial airlines since 2019, will exit immediately, while the company's chairman, Larry Kellner, a former airline CEO, will depart after the company's annual meeting this spring. Replacing Deal will be longtime Boeing executive Stephanie Pope, while former Qualcomm CEO Steve Mollenkopf will serve as the new chairman. The s...
AFP
Washington (AFP) - Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion. Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months. Adding to Musk's woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018. ...
AFP
New York (AFP) - The US pharmaceutical giant Pfizer sharply scaled back its earnings outlook for the year, blaming lower-than-expected sales of two drugs used to treat Covid-19, the company said Friday. It now "anticipates full-year 2023 revenues to be in the range of $58.0 to $61.0 billion, versus its previous guidance range of $67.0 to $70.0 billion," Pfizer announced in a statement. Earnings per share - the benchmark for the markets - should come in at between 1.45 and 1.65 dollars, compared with 3.25 to 3.45 dollars previously anticipated. The cut to Pfizer's guidance was "solely due to i...
AFP
New York (AFP) - Named Friday as Elon Musk's successor as Twitter CEO, Linda Yaccarino is a respected media and advertising executive considered a visionary by some. Yaccarino left her job as head of advertising at NBCUniversal, where she worked for 12 years. Born into a family with Italian roots, Yaccarino has spent her career in television, 20 years of it with the Time Warner group that has since become known as Warner Brothers Discovery. Yaccarino said in a 2021 episode of the Great Minds podcast that she fell in love with television shows as a child and originally thought she would get int...
AFP
New York (AFP) - Elon Musk's decision to pull Twitter off the stock market allows him to make major changes quickly, but it also takes the company more heavily into debt, a risky choice for a money-losing business. It is a long-established strategy with notable successes and failures, from computer manufacturer Dell (a success) to toy stores Toys "R" Us (a failure). But Twitter "is very different from a traditional buyout" of a company that delists from the market, said Steven Kaplan of the University of Chicago Booth School of Business. Most such takeovers are of companies with positive cash...
AFP
New York (AFP) - The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday for misleading investors about his company's alleged progress and capabilities in order to raise more money. After a trial that began in mid-September in a Manhattan federal courthouse, jurors found Trevor Milton, 40, guilty on three out of four counts. "Trevor Milton lied to Nikola's investors — over and over and over again," said Damien Williams, US Attorney for the Southern District of New York. "That's fraud, plain and simple, and this office has no pat...
AFP
According to a recent Women in the Workplace study from Lean In and McKinsey, the most significant barrier women face in business these days isn’t the glass ceiling. Instead, it’s the floor—the barrier to entry-level management positions. Although women now own 4 out of every 10 businesses in the U.S. and are making great strides at the top of the career ladder, they’re still missing from entry-level and middle-management positions. That’s something companies of all sizes need to address. Women in business mean greater successIt’s not just about diversity (although that’s a worthy goal in itse...
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