Busi­ness

The Washington Post Sunday - - TAKING STOCK -

Star­bucks chief ex­ec­u­tive Howard Schultz handed the keys to the com­pany to his suc­ces­sor. Reach­ing into his pocket dur­ing the com­pany’s meet­ing of an­nual share­hold­ers, Schultz plucked the door key to Seat­tle’s Pike Place Mar­ket store, the com­pany’s orig­i­nal lo­ca­tion, and handed it to pres­i­dent and chief op­er­at­ing of­fi­cer Kevin John­son, who will of­fi­cially suc­ceed Schultz in early April. “That has been in my pocket for 35 years,” Schultz said.

Ar­juna Cap­i­tal, the in­vestor that urged seven tech firms to pub­lish the per­cent­age pay gap be­tween their male and fe­male em­ploy­ees and com­mit to clos­ing it, is tak­ing aim at the fi­nan­cial sec­tor, tar­get­ing Cit­i­group, Wells Fargo, Amer­i­can Ex­press, MasterCard, Bank of Amer­ica and JPMor­gan Chase. Wells Fargo is still see­ing fewer peo­ple at its bank branches as well as a de­cline in check­ing ac­count open­ings as the scan­dal over its sales prac­tices takes its toll. The bank said that cus­tomers opened 40 per­cent fewer check­ing ac­counts per day last month com­pared with a year ago, while the num­ber of cus­tomer in­ter­ac­tions with branch bankers per day was down 17 per­cent. Credit card ap­pli­ca­tions also fell sharply, by 53 per­cent. Bri­tish Air­ways is rolling out tech­nol­ogy that will al­low pas­sen­gers to go through board­ing gates at its main Lon­don Heathrow Air­port hub us­ing fa­cial recog­ni­tion. Bio­met­ric de­vices at the main se­cu­rity-screen­ing area in Ter­mi­nal 5 cap­ture a trav­eler’s fea­tures along with the board­ing pass, and then a fa­cial scan at the gate ver­i­fies the per­son’s iden­tity, al­low­ing them to get on the plane with­out show­ing doc­u­ments. Wal­mart is launch­ing an in­cu­ba­tor lab fo­cused on ro­bot­ics, vir­tual and aug­mented real­ity, and ar­ti­fi­cial in­tel­li­gence. The “Store No. 8” will be in Sil­i­con Val­ley and marks the lat­est ef­fort by its new head of e-com­merce op­er­a­tions, Marc Lore. John­son & John­son is the lat­est com­pany to sus­pend all dig­i­tal ad­ver­tis­ing on Google’s YouTube be­cause of con­cerns that its ads may have ap­peared on chan­nels that broad­cast of­fen­sive videos. Ger­man can­dy­maker Haribo, fa­mous for its fruit-fla­vored gummy bears, plans to build its first U.S. pro­duc­tion fa­cil­ity in Wis­con­sin.

Twit­ter in its semi­an­nual “trans­parency re­port” said it sus­pended about 377,000 ac­counts in the fi­nal six months of 2016 for “vi­o­la­tions re­lated to pro­mo­tion of ter­ror­ism,” a rate of about 63,000 a month — up from about 24,000 a month a year ago.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.