Technology 

Industry must rein in spend on electric, self-driving cars: Magna CEO

DETROIT (Reuters) – Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. FILE PHOTO: Magna CEO Don Walker speaks during the company’s Annual Shareholder Meeting in Toronto, May 8, 2014. REUTERS/Aaron Harris Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric cars to the mass market, Magna CEO Don Walker said, a huge jump from last…

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Technology 

Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO

SAN JOSE, California (Reuters) – Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on, not to block rivals from the market, Qualcomm’s chief executive testified on Friday. FILE PHOTO: A woman checks her phone at a flagship Apple store at Iconsiam shopping mall in Bangkok, Thailand November 9, 2018. REUTERS/Soe Zeya Tun The payment from Qualcomm to Apple – part of a 2011 deal between Apple and Qualcomm – was meant to ease the technical costs…

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Technology 

Accenture CEO steps down due to health reasons

FILE PHOTO: Accenture CEO Pierre Nanterme leaves after the “Tech for Good” Summit at the Elysee Palace in Paris, France, May 23, 2018. REUTERS/Christian Hartmann (Reuters) – Accenture Plc’s Chief Executive Officer Pierre Nanterme is stepping down due to health reasons, the consulting and outsourcing company said on Friday. Chief Financial Officer David Rowland will serve as the interim CEO, Accenture said in a statement. Nanterme, who took the helm in January 2011, was diagnosed with colon cancer in 2016. Rowland will be replaced by KC McClure, who currently heads…

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Technology 

Facebook CEO plans public debates about tech for 2019 personal challenge

FILE PHOTO: Facebook’s founder and CEO Mark Zuckerberg reacts as he speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. REUTERS/Charles Platiau (Reuters) – Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg said on Tuesday he will host a series of public discussions about the future of technology in society as part of his personal challenge this year. Zuckerberg sounded his plan in a Facebook post, which has been a regular feature when he airs his New Year’s resolutions that in the past have…

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Technology 

Delphi Tech names Richard Dauch as CEO

(Reuters) – Delphi Technologies Plc on Monday named Richard Dauch as its chief executive officer, effective immediately. The 57-year-old replaces Liam Butterworth, who stepped down from the role in October last year, months after the auto parts maker was spun off from Delphi Automotive, now known as Aptiv Plc. Since then, Hari Nair has been serving as the interim CEO. Dauch joins Delphi from Accuride Corporation, a supplier of wheel-end systems to commercial vehicle industry, where he was the president and CEO since 2011. Dauch has previously worked with auto…

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Sports 

NHL notebook: Stars CEO reportedly blasts Benn, Sequin

The Dallas Stars are currently in a playoff spot, are coming off an impressive shutout victory and are led in scoring by their top two players. But that didn’t stop one of the biggest voices in the organization from ripping those players to the media, using profanity to get his point across. FILE PHOTO: Dec 22, 2018; Saint Paul, MN, USA; Dallas Stars left wing Jamie Benn (14) looks on before the faceoff in the second period against the Minnesota Wild at Xcel Energy Center. The Dallas Stars defeated the…

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Sports 

Jets CEO denies interest in Michigan’s Harbaugh

New York Jets chairman and CEO Christopher Johnson denied Monday that the team plans to replace head coach Todd Bowles with Michigan’s Jim Harbaugh. FILE PHOTO: Dec 2, 2018; Nashville, TN, USA; New York Jets head coach Todd Bowles during the second half against the Tennessee Titans at Nissan Stadium. Tennessee won 26-22. Mandatory Credit: Jim Brown-USA TODAY Sports “Todd Bowles is our Head Coach. There is no truth to the report of our interest in Jim Harbaugh,” Johnson said in a statement released by the team’s Twitter account. Pro…

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Technology 

JD.com CEO will not face assault charges in Minnesota

(Reuters) – Minnesota prosecutors will not charge the chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. FILE PHOTO: JD.com founder Richard Liu poses during a Reuters interview in Hong Kong, China, June 9, 2017. REUTERS/Bobby Yip/File Photo Hennepin County Attorney Michael Freeman said there were “profound evidentiary problems which would have made it highly unlikely that any criminal charge could be proven beyond a reasonable doubt.” In a…

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Technology 

Blythe Masters steps down as CEO of blockchain startup Digital Asset

(Reuters) – Blockchain startup Digital Asset’s chief executive officer and one of the most prominent supporters of the distributed ledger technology on Wall Street, Blythe Masters, is stepping down after about four years in the role, the company said on Tuesday. AG Gangadhar, a former Uber executive who joined Digital Asset’s board in April, has been appointed as the chairman and will serve as the acting CEO while the company looks for a new chief executive, it said bit.ly/2BvQuNI. Blockchain, which first emerged as the software underpinning cryptocurrency bitcoin, is…

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Technology 

Poste Italiane can withstand competition from Amazon: CEO

FILE PHOTO: Poste Italiane CEO Matteo Del Fante poses for a photo in Milan, Italy, February 27, 2018. REUTERS/Francesca Landini MILAN (Reuters) – Poste Italiane can weather competition from Amazon.com in its deliveries business, the chief executive of the former Italian postal services monopoly said on Friday. Last month the Italian government formally authorised the U.S. e-commerce giant to operate as a postal operator in the country through its subsidiaries Amazon Italia Logistics and Amazon Italia Transport. “They can compete with us on some segments, but Poste has got big…

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