Kraft Heinz Bid For Unilever Faces Rejection
Kraft Heinz offered about 143 billion dollars for Unilever, consisting of two thirds cash and one third stock, but Unilever rejected the proposal as undervalued and said no further talks would occur. The bid would have created a global consumer goods giant and highlighted consolidation pressures in the sector.
MENTIONED IN THIS ARTICLE
Kraft Heinz
Unilever
Dove
Iowa
Warren Buffett
Berkshire Hathaway
3G Capital
H.J. Heinz
Bernardo Hees
Mondelez International
General Mills
Kellogg
Paul Hickman
Edison Investment Research
Nestle
Bloomberg
Ford to remove steering wheels in driverless car debut
Ford plans to launch driverless cars in 2021 without a steering wheel brake or gas pedal. engineers observed driver inattention during tests and safety research with Waymo shows Level 3 autonomy may be unnecessary. The move contrasts with Audi GM BMW Mercedes VW approach to require driver takeover in emergencies.
MENTIONED IN THIS ARTICLE
Ford
Raj Nair
Dearborn
Nair
Audi
General Motors
BMW
Mercedes-Benz
Automaker
Alphabet
Waymo
Google
John Krafcik
Bloomberg
Blackberry Ltd
QNX
Ottawa
Ontario
Facebook to use AI to identify terrorist propaganda
Facebook plans to deploy artificial intelligence to spot posts that promote or glorify terrorism, a step backed by CEO Mark Zuckerberg as part of a broader effort to curb extremist recruitment on social networks. He cautioned the system will require years to develop and rely on distinguishing context between reporting and recruitment.
MENTIONED IN THIS ARTICLE
Facebook
Mark Zuckerberg
Zuckerberg
Department of Justice
CNBC
Wells Fargo sees January drop in checking accounts
Wells Fargo reports 200000 fewer checking accounts opened in January versus a year earlier a 31 percent drop. Closures rose 4 percent as credit card applications fell 47 percent and overall activity shows a tempering of demand amid lingering scandal effects.
Wells Fargo sees steep drop in new account applications in January
Wells Fargo reports a 47 percent drop in new customer credit card applications in January from a year earlier and total bank interactions down 4 percent. San Francisco based bank has faced customer skepticism and regulatory penalties after investigators found employees opened up to 2 million bogus accounts without customer consent.
MENTIONED IN THIS ARTICLE
Wells Fargo
Uary
Mary Mack
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Toma
Kftchne
Reuters
New York City
U.S
San Jose Mercury News
San Francisco
Wells
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