Technology 

Corporate investors pile into electric vehicle startups

DETROIT (Reuters) – Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. FILE PHOTO: A Chevrolet Volt plug-in hybrid vehicle is being charged at Stewart Chevrolet in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam Some 250 startups involved in some aspect of electrification have attracted more than $20 billion in venture capital, notably from a broad array of corporations across multiple industries, according…

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Technology 

Factbox: Corporate investments in EV startups

(Reuters) – Corporations across a variety of industries – auto, energy, electronics, aerospace, telecom – have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles. FILE PHOTO: An electric car is seen while being charged during the opening of a PTT Pcl energy firm’s commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva Here is a short list of prominent non-automotive corporate investors and the electrification startups they have funded: Intel Corp (technology): Prieto, Qnovo, Enovix,…

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Technology 

Factbox: High-profile corporate chieftain’s divorces

(Reuters) – Amazon (AMZN.O) founder Jeff Bezos, the world’s richest man, and his wife MacKenzie, who announced on Wednesday that they are divorcing, are the latest of a long line of rich and powerful couples whose marriages came to a public end, often with a hefty price tag. FILE PHOTO: 89th Academy Awards – Oscars Vanity Fair Party – Beverly Hills, California, U.S. – 26/02/17 – Amazon’s Jeff Bezos and his wife MacKenzie Bezos. REUTERS/Danny Moloshok Here are some others: STEVEN AND ELAINE WYNN Steve Wynn and his wife Elaine…

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Technology 

SEC warns corporate cyber weakness could violate federal law

WASHINGTON (Reuters) – Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst The regulator’s warning came in the form of a report on its investigation to assess whether nine companies that had been victims of cyber-related frauds had sufficient internal accounting controls in place as required by law. It focused on so-called…

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Technology 

SEC’s focus on U.S. corporate bosses pays off with Musk settlement

NEW YORK/WASHINGTON (Reuters) – A high-profile settlement with Tesla Inc Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo In the last week, the SEC announced charges or penalties against eight corporate officials at six companies, including Tesla. The SEC pursued each on different…

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Top stories 

Les Moonves is out at CBS after harassment allegations, corporate battle

CBS chief executive Les Moonves is exiting the company, effective immediately, amid a flurry of sexual misconduct allegations. The announcement on Sunday evening ends his 20-year tenure atop one of the country’s most important media empires. It also concludes a months-long battle for control of CBS between Moonves and the company’s controlling shareholder, Shari Redstone. The CBS board is being reshaped, with six new directors, and Redstone is repeating her vow to consider new bids from potential buyers. The shakeup may position CBS for a sale. But the company is…

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Why corporate team-building events can be terrible

Image copyright Getty Images Nothing quite strikes fear into the heart of employees like the words “team-building event” – especially for those who have attended enough of these events to know how downright bizarre they can sometimes be, says author Alison Green, and creator of the workplace advice column Ask a Manager. What’s the strangest team-building exercise you’ve ever been on? Circus skills, ice-carving or even sheepdog herding are all genuine days out workers have been subjected to. Team-building events are, ostensibly, designed to boost the cohesion of a team…

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Carillion board oversaw a ‘rotten corporate culture’, say MPs

Media playback is unsupported on your device Media captionRachel Reeves says Carillion directors ‘destroyed a British company’ Carillion’s board presided over a “rotten corporate culture” and was culpable for its “costly collapse”, two committees of MPs have concluded. They also accused the government and big four accounting firms of failing to stop Britain’s second biggest construction firm from going under. The MPs said regulators should now consider banning the former directors from serving on other company boards. Carillion collapsed under a £1.5bn debt pile in January. It employed 43,000 people,…

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