Tag Archives: unit

Splitting off EV unit needed to happen to transition faster

Splitting off EV unit needed to happen to transition faster

At this year’s Monterey Car Week, Lincoln (F) is celebrating a big milestone – in style. The brand, now in its 100th year, will be a featured marque at Sunday’s Pebble Beach Concours d’Elegance and will show off its Model L100 electric concept vehicle. The electric vehicle (EV) concept is a massive vehicle with a completely configurable, luxurious interior that reimagines what it will be like to be transported in an autonomous future. Ford CEO Jim Farley believes this is Lincoln’s… Source link

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Goldman hires Google exec to co-head applied innovation unit – memo

Goldman hires Google exec to co-head applied innovation unit – memo

NEW YORK, July 12 (Reuters) – Goldman Sachs has hired Jared Cohen, who founded technology incubator Jigsaw at Google, to co-head its newly created applied innovation unit, an internal memo showed, as the Wall Street powerhouse invests in technology expertise. Cohen, who also served as advisor to Google’s CEO Eric Schmidt in the past, will co-head the new Goldman unit with George Lee, the memo said, whose contents were confirmed by the bank’s spokesperson. “The Office of Applied Innovation will… Source link

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Amazon Shares Jump as Cloud Unit Helps Drive Profit Past Estimates

(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

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Inside the secret CBP unit with no rules that investigates Americans

It was almost 10 p.m. on a Thursday night, and Ali Watkins was walking around the capital following instructions texted by a stranger. One message instructed her to walk through an abandoned parking lot near Washington, D.C.’s Dupont Circle, and then wait at a laundromat. Then came a final cryptic instruction: She was to enter an unmarked door on Connecticut Avenue leading to a hidden bar. The Sheppard, an upscale speakeasy, was so dimly lit it was sometimes hard to see the menu, let alone… Source link

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Intel to Take Its Mobileye Unit Public in 2022 IPO; Shares Jump

(Bloomberg) — Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry. Most Read from Bloomberg Intel will remain the majority owner after the transaction, which involves an initial public offering of newly issued Mobileye stock, the company said in a statement Monday. Mobileye’s executive team, led by Amnon Shashua, also will stay on board. News of the move, first… Source link

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