AIG chief ex­ec­u­tive Pe­ter Han­cock,

The Washington Post Sunday - - TAKING STOCK -

brought in to turn things around at one of the world’s largest in­sur­ance com­pa­nies, said he would re­sign. AIG re­ported a fourthquar­ter loss of $3 bil­lion. Gen­eral Mo­tors will lay off 1,100 work­ers in May at its Lans­ing Delta Town­ship as­sem­bly plant in Michi­gan as it shifts pro­duc­tion of a ve­hi­cle to Ten­nessee. Royal Dutch Shell will sell $7.25 bil­lion of Cana­dian oil-sands as­sets, which will boost the share of cleaner-burn­ing gas in its proven re­serves from about 50 to 60 per­cent, its data show. It will also rid it­self of some of the most pol­lut­ing as­sets on its books. ExxonMo­bil is spend­ing $20 bil­lion through 2022 to ex­pand its chem­i­cals and fuel-mak­ing ca­pac­ity in Texas and Louisiana to trans­form U.S. shale oil and nat­u­ral gas into prod­ucts for grow­ing con­sumer mar­kets in Asia. Uber said it will stop us­ing “Grey­ball” soft­ware to thwart reg­u­la­tors in cities where it may be op­er­at­ing with­out per­mis­sion. Also, chief ex­ec­u­tive Travis Kalan­ick said the ride-hail­ing com­pany is seek­ing a chief op­er­at­ing of­fi­cer “who can part­ner with me to write the next chap­ter in our jour­ney.” The job post came after Kalan­ick said that he “must fun­da­men­tally change as a leader and grow up” after a video showed him ar­gu­ing with an Uber driver. Mark Zucker­berg, who left Har­vard after his sopho­more year, is headed back to give this year’s com­mence­ment speech. Pres­i­dent Drew Faust said Zucker­berg “has pro­foundly al­tered the na­ture of so­cial en­gage­ment world­wide.”

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