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.