Technology 

Alphabet board sued on allegations of sexual misconduct cover-up

SAN FRANCISCO (Reuters) – Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years. Google signage is seen at the Google headquarters in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Shannon Stapleton The company declined to comment. Both of the lawsuits seek to force Google to change its governance and oversight to stop future workplace conduct issues. They also call…

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Technology 

Alphabet board faces lawsuit on allegations of sexual misconduct cover-up

Google signage is seen at the Google headquarters in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Shannon Stapleton SAN FRANCISCO (Reuters) – A shareholder’s lawsuit filed on Thursday said the board of Google parent Alphabet Inc played a direct role in covering up sexual misconduct claims against two top executives in 2014 and 2016. The company did not immediately respond to a request for comment. The lawsuit in San Mateo County Superior Court in California by shareholder James Martin cites minutes from Alphabet board…

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Top stories 

Ashley votes to remove Debenhams bosses from board

Image caption Sergio Bucher joined Debenhams from Amazon The chief executive of Debenhams has been voted off the retailer’s board, but will remain in his role, the troubled retailer has said. Two major shareholders, Mike Ashley’s Sports Direct, and Landmark Group, voted against Mr Bucher’s re-election. The board said it had “full confidence” in plans put in place by Mr Bucher and the management to reshape the business. Chairman Sir Ian Cheshire was also voted off the board and will step down. The vote, at the company’s annual general meeting,…

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Sports 

Ancient board game Go set to welcome youngest pro aged 10

TOKYO (Reuters) – Japan’s Sumire Nakamura will become the youngest professional player of the ancient board game Go when she makes her debut as a 10-year-old on April 1. Nakamura, who will turn 10 on March 2 local media said, started playing the game with her father when she was three. The previous youngest player was Rina Fujisawa, who was 11 when she turned professional in 2010. Presented to the media on Saturday standing next to her father Shinya, himself a national champion, Nakamura said she was keen to get…

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Technology 

Start-ups hopeful as China readies Nasdaq-style tech board

SHANGHAI/HONG KONG (Reuters) – China’s ambitions for a Nasdaq-style board for start-ups have galvanized the country’s tech companies who are hopeful they can sidestep complex IPO hurdles and access easier funding. FILE PHOTO: Investors look at computer screens showing stock information at a brokerage house in Shanghai, China September 7, 2018. REUTERS/Aly Song/File Photo The surprise announcement for Shanghai’s planned “technology innovation board” by President Xi Jinping in early November paves the way for a lower listing threshold, potentially scrapping a requirement that aspiring companies must be profitable. For Beijing,…

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Top stories 

‘Serious attack’ on board train forces Horsley station closure

Image copyright Google Maps Image caption Police and paramedics have been called to Horsley station A serious assault on board a train has led to the suspension of rail services and part of a railway station to be cordoned off in Surrey. Emergency teams were called to Horsley railway station following reports of an attack on board a service from Guildford to Waterloo, British Transport Police said. Police and paramedics are currently at the scene. Rail services are suspended between Guildford and Effingham Junction. A BTP spokesman said a man…

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Top stories 

‘At least 20’ on board overturned minibus in Scottish Borders

Image caption The A6089 was closed in both directions A minibus believed to have more than 20 people on board has overturned on a road in the Scottish Borders. Emergency services are at the scene of the accident the A6089 between Carfraemill and Gordon, near Lauder. There was no immediate information on casualties. Police Scotland said no other vehicles were involved in the incident, which was reported at 10:50. The road is closed in both directions. Skip Twitter post by @polscotcontrol ROAD CLOSURE – #A6089 Officers are currently in attendance…

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Technology 

Tesla names close Musk friend Larry Ellison to board

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher Tesla past months of turbulence following Musk’s Aug. 7 tweet that he was considering taking the company private and had secured funding. The fallout, which included the U.S. Securities and Exchange Commission subsequently filing fraud charges against Musk for what…

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Technology 

Tesla names Oracle’s Ellison to board, ending U.S. charges

(Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. Tesla said Ellison and Walgreens Boots Alliance’s global head of human resources, Kathleen Wilson-Thompson, joined the board as independent directors, effective Dec. 27. Musk on Aug. 7 tweeted that he was considering taking the company private and had secured funding. The SEC subsequently filed fraud charges…

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Technology 

Tesla adds Larry Ellison to its board

Image copyright Getty Images Image caption Oracle founder and chairman Larry Ellison Tesla has appointed Oracle co-founder Larry Ellison and Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. The move further strengthens the board as pledged by founder Elon Musk to the Securities and Exchanges Commission. The SEC fined Mr Musk over misleading tweets that he had funding to take Tesla private. Investors greeted the news by sending Tesla shares up more than 4% in morning Friday trading. Elon Musk remains as chief executive although he agreed with the…

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