News Highlights: Top Company News of the Day
May 11 2021 - 1:30PM
Dow Jones News
Google Plans to Double AI Ethics Research Staff
Vice President of Engineering Marian Croak also said CEO Sundar
Pichai has committed to boost the budget of a team tasked with
evaluating code and product to avert harm, discrimination and other
problems with AI.
Cathie Wood's ARK Wasn't Built for a Flood
ARK Invest hasn't done as well for investors as charts suggest,
and it has done so through some concentrated bets.
Bumble's Head of Product Design to Join Twitter
Lara Mendonça, known for designing with inclusion and safety in
mind, will work to encourage meaningful and healthy interactions on
the platform.
Elliott to Buy Bankrupt Stationery Retailer Paper Source
The hedge fund's bid for the stationary retailer surpassed an
earlier offer from an Apollo affiliate.
Uber, Lyft to Provide Free Rides to Covid-19 Vaccine Sites Until July 4
Ride-sharing companies Uber and Lyft will make all rides to and
from vaccination sites free until July 4 under a new White House
transportation partnership that is part of an effort to encourage
more Americans to get the Covid-19 vaccine.
Washington Post Names Sally Buzbee Executive Editor
An Associated Press leader with deep experience in international
coverage, Ms. Buzbee will succeed Martin Baron and is the paper's
first executive editor to be chosen since Jeff Bezos bought the
Post in 2013.
L Brands to Spin Off Victoria's Secret
The retailer is spinning off the lingerie chain to its existing
shareholders, a coda in the company's review process for the brand
after longtime leader Leslie Wexner stepped aside as CEO last
year.
China Threatens Move Against Ericsson Amid Huawei Ban
Beijing is giving Sweden one last chance to reverse its ban on
telecommunications-equipment giant Huawei before it could retaliate
against rival Ericsson.
El Pollo Loco Eliminating Use of Styrofoam
El Pollo Loco said it is eliminating its use of Styrofoam and
undergoing a system-wide rollout of Thermo-To-Go packaging.
Greensill Capital Is Target of U.K. Government Probe
The U.K.'s top financial regulator said it is investigating the
failed financial firm, citing allegations of what it called
"potentially criminal" matters. The company's founder Lex Greensill
is due to give a testimony in the U.K. parliament on Tuesday.
(END) Dow Jones Newswires
May 11, 2021 13:15 ET (17:15 GMT)
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