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Showing posts with label 2017 at 09:56PM. Show all posts
Showing posts with label 2017 at 09:56PM. Show all posts
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Tuesday, June 13, 2017
Analyst: Now Is The Time To Get Bullish On Guidewire
Analysts at Piper Jaffray turned bullish on Guidewire Software Inc (NASDAQ: GWRE) after taking some time to fully digest the company’s fiscal third-quarter earnings report.
Latest Ratings for GWRE
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 2017 | JP Morgan | Initiates Coverage On | Overweight | Overweight |
| Jun 2017 | Jefferies | Upgrades | Neutral | Overweight |
| May 2017 | Bank of America | Upgrades | Underperform | Neutral |
View More Analyst Ratings for GWRE
View the Latest Analyst Ratings
June 13, 2017 at 09:53PM
from Jayson Derrick
Sunday, June 11, 2017
Uber Imploding: Chief Business Officer Resigns As Kalanick Plans “Leave Of Absence”
The uber implosion at Uber continues.
Two days after it emerged that Uber CEO Travis Kalanick had fired off a bizarre email in 2013 to hundreds of employees where he listed the conditions under which they could have sex with each other at a company outing in Miami, the WSJ reports that not only is Uber Chief Business Officer Emil Michael said to resign on Monday, just two days after it was reported that Uber’s head of finance Gautam Gupta was departing to take a position at OpenDoor, but that embattled Chief Executive Travis Kalanick “will discuss taking a possible leave of absence when the board of directors of the embattled ride-hailing company meets Sunday morning.”
From the WSJ:
Uber Technologies Inc. executive Emil Michael, one of Chief Executive Travis Kalanick’s closest confidants, is planning to resign as soon as Monday amid an ongoing investigation into the company’s workplace culture, according to people familiar with matter.
Mr. Michael, as chief business officer, helped oversee broad strategy initiatives including mergers and acquisitions and fundraising. He joined Uber in 2013 from Klout Inc., which rates users’ online reputation, and had worked as an adviser to technology companies.
Also on the agenda of today’s meeting of the seven-person board is a vote on a series of recommendations from a report prepared by former U.S. Attorney General Eric Holder regarding its workplace.
It was uncertain whether Mr. Kalanick would ultimately take the leave or whether the board would approve of such a measure, which would require finding a temporary replacement in short order.?
Following a wave of “setbacks and scandals” that have besieged the ride-hailing service earlier this year, many executives have left the company. Uber has been trying to hire a deputy for Mr. Kalanick after a leaked video in February showed Mr. Kalanick berating an Uber driver. Uber is also seeking a CFO.
As noted recently, here is a snapshot of some of the most notable scandals that have emerged, involving the world’s most valuable private company:
- Another tale of sexism and unacceptable workplace behavior in Silicon Valley company has emerged. This time it’s at Uber, according to an explosive blog post published on Sunday by a former company engineer named Susan Fowler Riggetti.
- Uber’s newly-hired VP of engineering Amit Singhal was asked to, and did, resign on Monday after the company learned from Recode that he was accused of sexual harassment shortly before leaving Google a year ago. Here’s more on the difficult position of former employers in this case.
- A video showing Uber CEO Travis Kalanick rudely arguing with a long-time driver at the end of his ride was published by Bloomberg. “I need leadership help,” Kalanick said in an apology he issued shortly after.
- Susan Fowler Rigetti, the former Uber engineer who wrote of discrimination, said she’s hired attorneys after a new law firm began to investigate her claims. Uber confirmed it has hired Perkins Coie, which reports to former A.G. Eric Holder, who’s leading the investigation.
- Uber said on Thursday that it will finally apply for a DMV permit to test self-driving cars in California after its cars’ registrations were revoked in December because it refused to get the permit.
- Charlie Miller, one of the two famous car hackers who joined Uber’s Advanced Technology Center in August 2015, announced he’s leaving the company.
- The New York Times uncovered a secret Uber program called Greyball, through which the company uses software and data to evade law enforcement in cities.
- Keala Lusk, a former Uber engineer, published a blog post detailing how her female manager mistreated her, signaling that the company’s problematic culture isn’t limited to the men who work there.
- Ed Baker, Uber’s head of product and growth, resigned. Though the reason is unclear, he was allegedly seen kissing another employee three years ago, which was anonymously communicated to board member Arianna Huffington, according to Recode.
- A report outlines a trip by a group of Uber employees to a Seoul karaoke-escort bar in 2014, which included company CEO Travis Kalanick and his girlfriend, Gabi Holzwarth. After arriving, several male employees picked escorts to sit with, and went to sing karaoke. Uncomfortable, a female marketing manager, who was part of the group, left after a couple of minutes, while Holzwarth and Kalanick left after an hour.
- California regulators have recommended that Uber be fined $1.13 million for failing to investigate and/or suspend drivers who are reported by a passenger to be intoxicated. The state requires ride-hailing companies to have a zero-tolerance policy for driving under the influence of alcohol or drugs.
- A new report says Uber used a secret program dubbed “Hell’ to track Lyft drivers to see if they were driving for both ride-hailing services and otherwise stifle competition. Only a small group of Uber employees, including CEO Travis Kalanick, knew about the program, according to a story in The Information, which was based on an anonymous source who was not authorized to speak publicly.
- Waymo sued Uber in civil court, claiming that Uber was using trade secrets stolen from Google to develop Uber’s self-driving vehicles.
- Uber fires Anthony Levandowski, a star engineer brought in to lead the company’s self-driving automobile efforts who was accused of stealing trade secrets when he left a job at Google.
- Uber said Tuesday that it had made a mistake in the way it calculated its commissions, at a cost of tens of millions of dollars to its New York drivers, and the company vowed to correct the practice and make the drivers whole for the lost earnings.
- Uber fires over 20 staff following the release of a report about sexual harrassment in the workplace.
- Reports emerge that Uber CEO Travis Kalanick fired off a bizarre email in 2013 to hundreds of employees where he listed the conditions under which they could have sex with each other at a company outing in Miami
This list is by no means comprehensive.
According to the WSJ, if the board approves Mr. Kalanick’s leave, “it will mark a huge shift for the embattled CEO who developed a reputation for sharp elbows, a relentless work ethic and a willingness to push the limits of legality to achieve success. Chief of the ride-hailing firm since 2010, Mr. Kalanick has been the face of Uber amid its ascent to the world’s most valuable private company, pegged by investors at $68 billion.”
The seven-member board includes private-equity billionaire David Bonderman ; media mogul Arianna Huffington ; venture capitalist Bill Gurley of Benchmark; an official from a Saudi Arabian government investment fund; co-founder Garrett Camp, who is chairman; early employee Ryan Graves ; and Mr. Kalanick himself.
Uber has been conducting its own workplace investigation, including so-called listening sessions and focus groups led by human-resources chief Liane Hornsey and Ms. Huffington. Employees have also been summoned to the law firms’ offices for interviews.
The ride-hailing company had planned to release an executive summary for Mr. Holder’s findings to employees and the media, though some investors have called for a full version of the report to be made public.
And then there is the biggest problem of all: Uber’s chronic cash burn.
Uber lost $708 million in the first quarter, despite another rise in revenues. Last year, Uber managed to burn through almost as much cash as NASA’s $4.8 billion budget last quarter. Previously, Bloomberg reported that Uber has burned through at least $8 billion in its lifetime through the end of 2016. While the company had $7 billion of cash on hand as of March 31, along with an untapped $2.3 billion credit facility, inevitably questions will emerge if and when the world’s most previous “unicorn” will ever turn a profit. The company was most recently valued at $68 billion, although in light of the recent turmoil in the C-suite that number will likely be revised significantlly lower.
June 11, 2017 at 09:50PM
from Tyler Durden
What’s Wrong With Stocks And Bonds And Right With Gold And Silver
In the chart below, one can identify when the US dollar was no longer seen by the financial markets as “good as gold”; when bond yields began rising in 1958. The increase in bond yields (deflation in bond prices) continued until 1981. This was a twenty …
The post What’s Wrong With Stocks And Bonds And Right With Gold And Silver appeared first on ForexTV.
June 11, 2017 at 09:50PM
from Gold Editor
EPFO to invest Rs 20000 cr in equities in 2017-18: Dattatreya
EPFO started investing up to 5 per cent of the investible deposits in exchange-traded funds in August 2015. “The ETF investment has given good returns, with an annualised return of 13.72 per cent so far. This year we are going to invest Rs 20,000 crore in …
The post EPFO to invest Rs 20000 cr in equities in 2017-18: Dattatreya appeared first on ForexTV.
June 11, 2017 at 09:50PM
from Equities News Editor
Saturday, June 10, 2017
This Biometric ID System Allows You To Buy Weed, Booze And Other Controlled Products From A Vending Machine
American Green Inc (OTC: ERBB) recently unveiled a new system that allows vending machines to sell controlled and age-restricted products like alcohol, pharmaceuticals, casino chips, cannabis and even firearms.
June 10, 2017 at 09:49PM
from Javier Hasse
Thursday, June 8, 2017
Comey’s testimony will damage Trump but won’t end his presidency, political analyst says
June 08, 2017 at 09:51PM
from
Wednesday, June 7, 2017
Innovating For Wise Juries: Setting Trial Time Limits
http://ift.tt/eA8V8J
This is the second in a series of articles discussing ideas proposed by the NYU School of Law Civil Jury Project to resuscitate the American jury trial. In this article, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman argue for setting early and strict time limits in civil jury trials.
June 07, 2017 at 09:48PM
from
Tuesday, June 6, 2017
Jet Airways announces special discounted fares starting at Rs 1,111
http://ift.tt/2qxPc1m
June 06, 2017 at 09:48PM
from
Market Extra: Watch for a shake-up among U.K. stocks after Thursday’s election
http://ift.tt/1b1m047
Stocks globally could be in for a selloff if the Conservatives flop in the June 8 vote, and for U.K. stocks in particular some companies and sectors are set to be materially impacted by who wins.
June 06, 2017 at 09:52PM
from
Sunday, June 4, 2017
Asia Focused Bitcoin Growth Fund Closes $14.5 Million through ICO
The Bitcoin Growth Fund focused on cryptocurrency projects in Asia has successfully raised about $14.5 million through an ICO. Read more… Asia has emerged as the new powerhouse for cryptocurrency and its underlying blockchain technology. The exponential … Read Full Story
The post Asia Focused Bitcoin Growth Fund Closes $14.5 Million through ICO appeared first on ForexTV.
June 04, 2017 at 08:51PM
from Bitcoin News Editor
Saturday, June 3, 2017
War against corruption: Presidential committee to support media–Sagay – BusinessDay (satire) (press release) (registration) (blog)
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War against corruption: Presidential committee to support media–Sagay
BusinessDay (satire) (press release) (registration) (blog) Presidential Advisory Committee Against Corruption has expressed its readiness to cooperate with the media in the fight against corruption. Prof. Itse Sagay, the chairman of the committee, gave the assurance at the 12th Annual Ramadan Symposium … |
June 03, 2017 at 09:48PM
from
Crooks now winning corruption war – Ribadu warns – Daily Trust
Daily Trust |
Crooks now winning corruption war – Ribadu warns
Daily Trust A former chairman of the Economic and Financial Crimes Commission (EFCC), Malam Nuhu Ribadu, says Nigerians must collectively fight the war against corruption because the crooks are now winning the battle. Ribadu said this on Saturday while fielding … |
June 03, 2017 at 09:48PM
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