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Instagram Founders, Sears Plan, China Retort: CEO Daily for September…

25-09-2018

Good morning. I'm in Chicago, where Fortune's newest conference, Brainstorm Reinvent, got underway yesterday. It's dedicated to the notion that, as former Cisco CEO John Chambers told the group, all companies today are technology companies, and "if you aren't disrupting you are being disrupted." My task for...

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Instagram Co-Founders to Leave Facebook

24-09-2018

Instagram’s co-founders are leaving the popular photo-sharing app, raising questions about the future direction of what has been a growth engine for parent company Facebook. Instagram CEO Kevin Systrom said Monday evening in a corporate blog post that he and chief technology officer, Mike Krieger, would...

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Weight Watcher’s CEO Talks About Reviving the Company After its…

24-09-2018

Weight Watchers on Monday announced its new name: WW. It’s the latest step in the company’s dramatic resurgence after what CEO Mindy Grossman calls its “near death experience.” She’s referring to the period in 2014, when the company’s revenue dropped from a high of $1.84 billion...

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Why Gen. Stanley McChrystal Threw Away His Picture of Robert…

24-09-2018

Gen. Stanley McChrystal, the former commander of U.S. forces in Afghanistan, knows a thing or two about leadership. But he recently changed his mind about one of his long-time heroes: The leading Confederate general, Robert E. Lee. “In the minds of the military, Robert E. Lee...

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Trump Rolls Back Train-Braking Rule Meant to Keep Oil Tankers…

24-09-2018

Trains that carry oil and other flammable material won’t have to install electronically controlled brakes that reduce the risk of train derailments and explosions after the reversal by Trump officials of an Obama-era safety rule. The Pipeline and Hazardous Materials Safety Administration (PHMSA) posted the rule...

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Apple Now Officially Owns Shazam, and Says the App Will…

24-09-2018

Apple’s $400 million purchase of Shazam has officially closed. Which means Apple now owns Shazam. And for Shazam users, that may soon bring a much-appreciated perk: Ads on the app will soon go away. Apple’s Monday announcement of the deal closing said that the “app will...

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Why This 153-Year-Old Company Is Interested in Satellites and A.I.

24-09-2018

Cargill, the 153-year-old food production giant, is a big believer in artificial intelligence and satellite technology. Speaking at Fortune's annual Brainstorm Reinvent conference on Monday in Chicago, Cargill’s vice president and leader of global analytics James Weed explained the reasoning behind his company’s partnership with the...

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Amazon Hands Out Small Raises to Warehouse Workers, But Says…

24-09-2018

Ecommerce giant Amazon is known for keeping its prices low, a tactic that dominoes to wage increases for its employees. The company recently handed out hourly raises that ranged from 25 cents to 55 cents an hour to its warehouse workers, according to the Washington...

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FoodMaven Sees Online Marketplace As Solution to U.S.’s Food Waste…

24-09-2018

One of the great paradoxes of modern America is that a vast amount of food is wasted while millions of people don’t have enough access to quality food. Indeed, according to the federal government, some 30-40% of U.S. agricultural produce goes to waste, even as 11.8%...

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Microsoft Was Resting on Its Laurels. Then This Book Helped…

24-09-2018

As Microsoft ceded its tech dominance following the personal computer era, its employees gained a reputation for “resting and vesting.” In other words, they were viewed as idling--not innovating--while their stock options matured. Then, over the past few years, Microsoft rebounded--seemingly out of the blue. What...

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Snapchat’s Latest Feature: Searching Amazon to Buy What Your Camera…

24-09-2018

Snap, the innovative social-media company that has been under pressure from investors to beef up its financials, is partnering with Amazon to use its Snapchat app as a visual search engine for the ecommerce giant. “Beginning this week, we’re testing a new way to search for...

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