A 24-year-old entrepreneur was bored in science class — so she started this company

Komal Dadlani was 24 years-old when she completed her Master’s degree in biochemistry from the University of Chile. She loved science — but would often leave class feeling bored. The premise was to use the sensors and processing power of smartphones and tablets for science experiments. The company teaches basic science principles in physics, chemistry and biology by enabling experiments from an app on a smartphone or tablet. “With very basic materials you can actually run experiments,” Dadlani e


Komal Dadlani was 24 years-old when she completed her Master’s degree in biochemistry from the University of Chile. She loved science — but would often leave class feeling bored. The premise was to use the sensors and processing power of smartphones and tablets for science experiments. The company teaches basic science principles in physics, chemistry and biology by enabling experiments from an app on a smartphone or tablet. “With very basic materials you can actually run experiments,” Dadlani e
A 24-year-old entrepreneur was bored in science class — so she started this company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: elizabeth schulze
Keywords: news, cnbc, companies, dadlani, entrepreneur, students, basic, yearsold, experiments, way, company, bored, 24yearold, science, class, water, visit, started, used


A 24-year-old entrepreneur was bored in science class — so she started this company

Komal Dadlani was 24 years-old when she completed her Master’s degree in biochemistry from the University of Chile.

She loved science — but would often leave class feeling bored.

“My classes were very theoretical, and they were not as engaging as I would like them to be,” she told CNBC’s Make It. “Then I would visit schools in Chile, and they did not have labs.”

Dadlani’s frustration prompted an idea: A start-up that would make learning science more accessible, and fun, for students like her across Latin America, where fewer than 15% of students earn degrees in STEM (science, technology, engineering, or mathematics) fields, according to the National Science Foundation. The premise was to use the sensors and processing power of smartphones and tablets for science experiments.

“You never said page 245 of that textbook changed my life,” Dadlani said. “It’s normally the experience, the teacher that changes your perception and the way you think.”

In 2013, Dadlani co-founded Lab4U with Colombian software engineer Alvaro Peralta. The company teaches basic science principles in physics, chemistry and biology by enabling experiments from an app on a smartphone or tablet.

For example, a phone’s camera is used to measure color samples in beakers of water, replacing a traditional colorimeter which can cost up to $500 in a lab or classroom. Lab4U’s experiments are designed to use cheap, easy-to-find objects like masking tape, toy cars or springs.

“With very basic materials you can actually run experiments,” Dadlani explained.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: elizabeth schulze
Keywords: news, cnbc, companies, dadlani, entrepreneur, students, basic, yearsold, experiments, way, company, bored, 24yearold, science, class, water, visit, started, used


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Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo


Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo
Stocks making the biggest moves midday: Foot Locker, Apple, HP & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.

Check out the companies making headlines in midday trading:

Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that U.S. companies should look for an “alternative to China,” ordering them to move their Chinese operations out of the country. This is the latest escalation in the U.S.-China trade war. Earlier on Friday, China announced new tariffs on $75 billion worth of U.S. products. Apple fell 4.6% while Nvidia fell 5.3% and Broadcom dropped 5.4%. Caterpillar traded 3.3% lower.

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The shoe retailer reported earnings per share of 66 cents on revenue of $1.774 billion. Analysts expected earnings per share of 67 cents on revenue of $1.823 billion, according to FactSet. Foot Locker reported same-store sales growth of 0.8%, compared to the 3.3% estimated.

Salesforce — The cloud software company’s stock jumped 2.25% after announcing better-than-expected revenue and an upbeat full year guidance for its second-quarter. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv.

HP Inc — Shares of HP plummeted 5.9% after the company announced chief executive officer Dion Weisler will step down “due to a family health matter.” Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019.

Dell Technologies, Pivotal Software, VMware — Shares of VMware plunged 9.9% after the software company announced the acquisition of software companies Pivotal Software and Carbon Black in separate deals. Shares of Pivotal rose 8.6% on the news. Dell Technologies is a controlling stakeholder in both Pivotal and VMWare, and fell 6.6%.

Gap — Shares of retailer Gap fell 4.7% after reporting disappointing revenue and same-store sales for the second-quarter. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Same-store sales decreased 4%, while analysts expected a drop of 3%. Gap CEO Art Peck called out a “challenging environment.”

Macy’s — Shares of the retailer fell 4% after Guggenheim downgraded the company to neutral from buy. Guggenheim analysts said they don’t see headwinds “abating” with the prospect of future tariffs.

La-Z-Boy — Shares of furniture retailer La-Z-Boy rose 2% and closed up 0.3% after Raymond James upgraded the company to “outperform” from “market perform,” citing a strong U.S. consumer. The firm set a price target of $36, about a 14% upside for the stock.

Hibbett Sports — The sporting goods retailer’s stock nosedived 10.8% after reporting that its second-quarter revenue fell below estimates. Hibbett Sports reported a second-quarter adjusted loss per share of 13 cents on revenue of $252.4 million. Analysts had expected a loss per share of 16 cents on revenue of $255.9 million, according to FactSet. The company’s comparable store sales increase of 0.3% was also below the 0.4% rise expected by analysts.

— CNBC’s Fred Imbert and Elizabeth Myong contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


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Amazon hosts thousands of unsafe or banned products, new investigation finds

Products are flying off the shelves at Amazon warehouses across the county as Californians prepare to start paying sales taxes on online purchases. (AP Photo/Ross D. FranklinAmazon continues to struggle to curtail the sale of unsafe or banned products on its site, a Wall Street Journal investigation has found. Following the report, Amazon removed or changed the description on more than half of the problematic listings, according to the Journal. The company said in a blog post responding to the i


Products are flying off the shelves at Amazon warehouses across the county as Californians prepare to start paying sales taxes on online purchases. (AP Photo/Ross D. FranklinAmazon continues to struggle to curtail the sale of unsafe or banned products on its site, a Wall Street Journal investigation has found. Following the report, Amazon removed or changed the description on more than half of the problematic listings, according to the Journal. The company said in a blog post responding to the i
Amazon hosts thousands of unsafe or banned products, new investigation finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, site, investigation, hosts, amazon, journal, company, products, thousands, banned, sellers, finds, listings, unsafe


Amazon hosts thousands of unsafe or banned products, new investigation finds

FILE – In this Nov. 11, 2010 file photo, Humberto Manzano, Jr., delivers an arriving pallet of goods at an Amazon.com fulfillment center in Phoenix. Products are flying off the shelves at Amazon warehouses across the county as Californians prepare to start paying sales taxes on online purchases. The change, which takes effect Saturday, Sept. 15, 2012, will pave the way for the e-commerce giant to open warehouses in California and offer same-day shipping to customers. (AP Photo/Ross D. Franklin

Amazon continues to struggle to curtail the sale of unsafe or banned products on its site, a Wall Street Journal investigation has found.

The probe discovered more than 4,000 items for sale on the company’s site that have been declared unsafe by federal agencies, have misleading labels or are outright banned by federal regulators. The site shows numerous listings for toys and medications that don’t include warnings about health risks to children, as well as sleeping mats previously banned by the FDA over concerns that they can suffocate infants, the Journal reported.

Following the report, Amazon removed or changed the description on more than half of the problematic listings, according to the Journal.

The company said in a blog post responding to the investigation that it requires products on its site to comply with “relevant laws and regulations.” It also pointed to its use of automated tools that scan for noncompliant products.

“We have a dedicated global team of compliance specialists that review submitted safety documentation, and we have additional qualification requirements that sellers must meet to offer products,” the company said in the blog post. “In 2018, our teams and technologies proactively blocked more than three billion suspect listings for various forms of abuse, including non-compliance, before they were published to our store.”

The investigation underscores Amazon’s difficulty overseeing the millions of third-party sellers on its platform. Earlier this year, the company changed its quality control standards for school supplies and children’s jewelry sold on the site after an investigation by Washington Attorney General Bob Ferguson found they had unsafe levels of toxic metals. In recent years, the company has also struggled to root out counterfeit products and accidentally punished legitimate sellers after rivals reported them as selling counterfeits, CNBC has previously reported.

In the past, U.S. courts have said Amazon is not liable for claims related to third-party products sold on its marketplace. In June 2018, for instance, a judge in Tennessee ruled for Amazon in a case where a hoverboard purchased on the marketplace exploded and burned a family’s house down. The judge wrote, “Amazon’s role in the transaction was to provide a mechanism to facilitate the interchange between the entity seeking to sell the product and the individual who sought to buy it.”

Read the full report at The Wall Street Journal.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, site, investigation, hosts, amazon, journal, company, products, thousands, banned, sellers, finds, listings, unsafe


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Salesforce shares rise on revenue beat and increased forecast

Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year. 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the seco


Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year. 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the seco
Salesforce shares rise on revenue beat and increased forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet ari levy, jordan novet, ari levy
Keywords: news, cnbc, companies, analysts, revenue, share, expected, forecast, company, salesforce, cents, billion, vs, rise, cloud, increased, beat, shares


Salesforce shares rise on revenue beat and increased forecast

Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year.

Here are the key numbers for the second quarter of fiscal 2020:

Earnings: 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv.

66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv.

Revenue climbed 22% from a year earlier, the company said in a statement. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the second-largest division, grew 22% to $1.09 billion.

While Salesforce is still generating organic growth as more large businesses move their applications to the cloud, the company has also been on a spending spree to move into new areas and open the door to new expansion opportunities. Earlier this month, Salesforce closed the $15.3 billion acquisition of Tableau, by far its biggest deal ever, pushing into data visualization tools.

That follows last year’s $6.5 billion purchase of MuleSoft, which put Salesforce into the business of data integration, more of a back-end technology.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet ari levy, jordan novet, ari levy
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HP CEO Dion Weisler will step down ‘due to a family health matter’

HP CEO Dion Weisler will step down “due to a family health matter,” the company announced Thursday alongside itsfiscal third-quarter 2019 earnings report. HP shares popped before falling about 5% after the announcement and the release of the company’s earnings report. Weisler will return to his home in Australia but will help Lores transition into the role and remain at the company through January 2020, HP said. Weisler has served as president and CEO of HP since 2015, three years after he first


HP CEO Dion Weisler will step down “due to a family health matter,” the company announced Thursday alongside itsfiscal third-quarter 2019 earnings report. HP shares popped before falling about 5% after the announcement and the release of the company’s earnings report. Weisler will return to his home in Australia but will help Lores transition into the role and remain at the company through January 2020, HP said. Weisler has served as president and CEO of HP since 2015, three years after he first
HP CEO Dion Weisler will step down ‘due to a family health matter’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
Keywords: news, cnbc, companies, weisler, expected, matter, hps, ceo, step, health, company, vs, release, dion, business, family, hp, according


HP CEO Dion Weisler will step down 'due to a family health matter'

HP CEO Dion Weisler will step down “due to a family health matter,” the company announced Thursday alongside itsfiscal third-quarter 2019 earnings report.

HP shares popped before falling about 5% after the announcement and the release of the company’s earnings report.

Long-time executive Enrique Lores, president of HP’s imaging, printing and solutions business, will become president and CEO of the company effective Nov. 1, according to a press release. Weisler will return to his home in Australia but will help Lores transition into the role and remain at the company through January 2020, HP said. After, Weisler will retain his seat on the board of directors until the next annual stockholders meeting next spring.

Weisler has served as president and CEO of HP since 2015, three years after he first joined the company. Weisler took the top seat of the printing and computing business after it split from the corporate hardware and services business that now falls under HP Enterprise. HP’s stock price has risen from less than $12 at the end of 2015 when Weisler took over to about $19 at Thursday’s close.

Lores, who began as an engineering intern at HP 30 years ago, led the company’s separation management office during its division, according to the press release. More recently, he has worked with HP’s board on a global review of its strategy and business operations, which he will present on October 3 during HP’s investor update, the company said.

Alongside the news of Weisler’s departure, HP announced earnings per share that beat analyst expectations but fell below revenue expectations.

Here are the key numbers:

Earnings per share: $0.58, adjusted, vs. $0.55 expected, according to Refinitiv

$0.58, adjusted, vs. $0.55 expected, according to Refinitiv Revenue: $14.60 billion, vs. $14.61 billion expected, according to Refinitiv

The company raised EPS guidance for its full year 2019 from an adjusted range of $2.14-$2.21 to $2.18-$2.22. Analysts expected $2.18 for the full fiscal year.

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Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
Keywords: news, cnbc, companies, weisler, expected, matter, hps, ceo, step, health, company, vs, release, dion, business, family, hp, according


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Google News inventor returns to Google after four-year hiatus

Krishna Bharat, the inventor of Google News, has returned to the company after four years to work on Search and News, Google has confirmed. The former Google veteran worked at the company for 15 years, between 1999 and 2015, and led a team that built Google News in the aftermath of the terror attacks of Sept. 11, 2001. Bharat’s colleague, former Google search leader Amit Singhal, told Poynter in a 2011 interview, “When September 11th happened, we as Google were failing our users. While at Google


Krishna Bharat, the inventor of Google News, has returned to the company after four years to work on Search and News, Google has confirmed. The former Google veteran worked at the company for 15 years, between 1999 and 2015, and led a team that built Google News in the aftermath of the terror attacks of Sept. 11, 2001. Bharat’s colleague, former Google search leader Amit Singhal, told Poynter in a 2011 interview, “When September 11th happened, we as Google were failing our users. While at Google
Google News inventor returns to Google after four-year hiatus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, bharat, inventor, users, sept, search, krishna, fouryear, scientist, company, worked, google, hiatus, returns, started


Google News inventor returns to Google after four-year hiatus

Krishna Bharat, the inventor of Google News, has returned to the company after four years to work on Search and News, Google has confirmed.

His return comes at a time when lawmakers and politicians scrutinize the company’s handling of disinformation and content including news rankings. It also comes two years after Bharat publicly criticized Google’s news vetting process after it surfaced threads from 4Chan identifying the wrong person as the Las Vegas shooter, calling the product “shameful and irresponsible.”

The former Google veteran worked at the company for 15 years, between 1999 and 2015, and led a team that built Google News in the aftermath of the terror attacks of Sept. 11, 2001.

“At Google we realized that our ability to display links to the freshest and most relevant news was limited by a fundamental problem: fresh news lacked hyperlinks,” he wrote in a blog post in 2011 after Osama bin Laden, the mastermind of the Sept. 11 attacks, was killed. “I realized that if Google could compute how many news sources were covering the underlying story at a given point in time, we could then estimate how important the story was.”

Bharat’s colleague, former Google search leader Amit Singhal, told Poynter in a 2011 interview, “When September 11th happened, we as Google were failing our users. Our users were searching for ‘New York Twin Towers,’ and our results had nothing relevant, nothing related to the sad events of the day. My friend Krishna and I were attending a conference at the time, and Krishna started thinking about the problem, saying, ‘If we could crawl news quickly, and we can provide multiple points of view about the same story to our users, wouldn’t it be amazing?’ That was the birth of Google News.”

While at Google, Bharat worked as a distinguished research scientist on web search and information extraction. He was also founder and first director of Google’s R&D branch in Bangalore.

He left the search giant in 2015 to become a founding advisor for a machine learning software company called Laserlike. Apple reportedly acquired Laserlike earlier this year.

Bharat started his second stint at Google in July as a distinguished research scientist, again.

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Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, bharat, inventor, users, sept, search, krishna, fouryear, scientist, company, worked, google, hiatus, returns, started


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Palantir CEO says Google shouldn’t rule A.I.

Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US. By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.” “Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” At the same time, Google has sought to make inroads into China, through a number of AI, cloud


Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US. By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.” “Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” At the same time, Google has sought to make inroads into China, through a number of AI, cloud
Palantir CEO says Google shouldn’t rule A.I. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, ai, intelligence, thiel, trump, work, palantir, ceo, china, company, googles, karp, google, rule, shouldnt, thiels


Palantir CEO says Google shouldn't rule A.I.

Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google’s decision to work in China, while abandoning military contracts in the US.

Google has faced renewed scrutiny from Thiel, a Trump supporter and Facebook board member, who said last month that the FBI and CIA should investigate the company to see if it has been “infiltrated” by foreign intelligence agencies.

By contrast, Karp said in an interview with Bloomberg that Palantir “doesn’t work with adversaries of the US.”

“Does the average American trust a platform company, including Google, to decide whether we should be the dominant player in AI?” Karp told Bloomberg. “Is that something we want to outsource to a small number of platforms in a very small part of the world, with people who are from a very narrow sliver of society?”

“I reject that, and I reject that a handful of people in Palo Alto are going to determine what the lawful execution of policy is,” he added.

Last June, Google announced it would not renew a controversial contract with the Department of Defense after it expired in March. Under the contract, referred to as “Project Maven,” Google partnered with the Pentagon to help it analyze and interpret drone videos using artificial intelligence. The work sparked a firestorm inside Google, prompting dozens of employees to resign in protest.

At the same time, Google has sought to make inroads into China, through a number of AI, cloud computing and hardware projects. The company has repeatedly denied that it works with the Chinese military.

Those moves prompted Thiel to refer to Google’s work in China as “seemingly treasonous.” The comments caught the attention of President Donald Trump, who said his administration would look into Thiel’s claims.

Many experts have downplayed Thiel’s concerns, including Trump’s national economic advisor, Larry Kudlow, who said: “I meet with Google, I meet with Google’s CEO on a regular basis. I think they’re working for America, for our military, not for China.”

Karp has been a vocal critic of the very community his company is a part of in the past. He criticized Silicon Valley companies for refusing to work with the federal government, while “selling their products that are adversarial to America.”

Palantir, which is reportedly eyeing an IPO in 2020, was founded in 2004 by Karp, Thiel and other ex-Stanford students. The company develops defense and intelligence products, as well as corporate management software.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: annie palmer
Keywords: news, cnbc, companies, ai, intelligence, thiel, trump, work, palantir, ceo, china, company, googles, karp, google, rule, shouldnt, thiels


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Amazon expands its online grocery business to India

Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday. The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country. While India


Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday. The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country. While India
Amazon expands its online grocery business to India Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
Keywords: news, cnbc, companies, region, invested, local, india, companies, according, grocery, expands, amazon, online, company, business, reported


Amazon expands its online grocery business to India

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019.

Amazon is expanding its online grocery business to India as part of its plans for the fast-growing market, the company announced Thursday.

Amazon Fresh will be available to customers in some parts of Bengaluru through its main India website and app, the company said, and it will later be rolled out to other cities. The service will deliver groceries within two hours between 6 a.m. and midnight, according to a press release.

The move comes one day after Amazon launched its biggest campus in the world in Hyderabad, India, according to Reuters. The campus will serve as an outpost for 15,000 employees and sprawl over 9.5 acres, Reuters reported, saying the company currently has 62,000 employees in the country.

Amazon has already invested heavily in India, with hundreds of open positions listed in the region as of January, including in its retail and marketplace divisions. The company has invested roughly $5 billion in the first five years of its business there, according to BloombergQuint. Last year, CNBC affiliate CNBC TV-18 reported the company is set to invest another $2 billion in the country.

While India’s large population represents a huge opportunity for Amazon, local regulations could also slow down its growth in the region. India’s new e-commerce law came into effect in February, banning companies like Amazon and its local competitor Flipkart from selling products from companies in which they have an equity stake. Analysts estimated the rules would have a short-term impact on the e-commerce companies while they build new models to comply with the rules.

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Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: lauren feiner
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Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.


The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.
Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
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Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

Check out the companies making headlines midday Thursday:

Overstock.com — Overstock.com shares jumped more than 7% after CEO Patrick Byrne resigned from his post and the company’s board of directors. Byrne’s resignation comes after he made controversial comments regarding his role with the “deep state. ”

Nordstrom — Shares of the fashion retailer surged 15% after the company delivered profits that beat estimates. The company reported adjusted earnings per share of 90 cents. Analysts had expected earnings per share of 75 cents, according to a Refinitiv consensus estimate. The company reported that digital sales grew, though department store sales fell 6.5%.

GameStop — Shares of GameStop spiked nearly 14% after Barron’s reported that famed investor Michael Burry was long the stock. Burry, who was one of the main money managers in “The Big Short,” told Barron’s that the rise of streaming video game services has depressed the stock’s price too far and that the company “will have the cash flow to justify a much higher share price.”

Retrophin — Retrophin plummeted more than 25% after announcing that a phase 3 of fosmetpantotenate, a drug aimed at treating pantothenate kinase-associated neurodegeneration — a disease characterized by deterioration of the nervous system — failed to meet its primary endpoint.

Dick’s Sporting Goods — Dick’s Sporting Goods rose 4% on Thursday after the retailer beat Wall Street estimates for its fiscal second-quarter results and raised its full-year guidance. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. Analysts expected $1.21 in earnings per share, $2.21 billion in revenue and 1% growth in same-store sales, according to Refinitiv consensus estimates. The company said it expects between $3.30 and $3.45 in earnings per share for the full year, up from previous guidance of between $3.20 and $3.40.

L Brands — The Victoria’s Secret parent company dropped 5% after reporting disappointing quarterly sales. Same-store sales at Victoria’s Secret fell 6%, more than the 3.9% drop that forecast by analysts polled by Refinitiv.

BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents. “We delivered improved margins and continued to grow earnings as we executed against our strategic priorities,” CEO Christopher Baldwin said in a statement.

Keysight Technologies — Shares of the electronics manufacturer jumped 11.7% after reporting better-than-expected quarterly earnings and revenue. Keysight posted fiscal third-quarter earnings per share of $1.25 on revenue of $1.09 billion. Analysts polled by Refinitiv expected a profit of $1.02 per share on revenue of $1.05 billion. The company also issued better-than-expected earnings guidance for the fourth quarter.

—CNBC’s Elizabeth Myong and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, retrophin, share, revenue, moves, biggest, sales, midday, refinitiv, brands, company, shares, reported, cents, earnings, billion, nordstrom, overstockcom


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‘I would never hire the smartest person in the room,’ says one CEO—here’s why

We hire smart people so they can tell us what to do.” So when it comes to growing my company, I never hire the candidate who comes off as the “smartest person in the room.” It’s also important to understand that not being the smartest person in the room isn’t about being the dumbest person in the room. Instead, it’s about not believing that you’re the smartest person in the room. It doesn’t make sense to hire smart people and tell them what to do.


We hire smart people so they can tell us what to do.” So when it comes to growing my company, I never hire the candidate who comes off as the “smartest person in the room.” It’s also important to understand that not being the smartest person in the room isn’t about being the dumbest person in the room. Instead, it’s about not believing that you’re the smartest person in the room. It doesn’t make sense to hire smart people and tell them what to do.
‘I would never hire the smartest person in the room,’ says one CEO—here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kara goldin
Keywords: news, cnbc, companies, smart, tell, hire, smartest, ceoheres, dont, company, room, person, skills, youre


'I would never hire the smartest person in the room,' says one CEO—here's why

Whenever someone asks me for advice on hiring, I always fall back on the wise words of Steve Jobs: “It doesn’t make sense to hire smart people and tell them what to do. We hire smart people so they can tell us what to do.” Through my many years of interviewing and hiring, I’ve found that too many candidates try to come off as the “genius” who has all the answers. But what they don’t understand is that great leaders aren’t looking to hire a smart, competitive, know-it-all who constantly tries to outshine everyone. After years of working at massive corporations — and even launching a successful beverage company, Hint — I’ve always tried to be humble about what I don’t know and surround myself with people who are more knowledgeable than I am. So when it comes to growing my company, I never hire the candidate who comes off as the “smartest person in the room.” Why? Because someone who lacks interest in spending time around people who are more intelligent than them won’t help to make them (or their team) better at their jobs.

Don’t let your ego get in the way of success

According to James Flynn, author of “Does Family Make You Smarter?” and Emeritus Professor at the University of Otago’s Department of Psychology, people can “upgrade” their own intelligence by surrounding themselves with smart co-workers, friends and family members. It’s also important to understand that not being the smartest person in the room isn’t about being the dumbest person in the room. Instead, it’s about not believing that you’re the smartest person in the room.

It doesn’t make sense to hire smart people and tell them what to do. We hire smart people so they can tell us what to do. Steve Jobs

If you let your ego get in the way, you’re more prone to ignoring the ideas of others. As a leader, I value people who have strong delegation skills — and those who think that no one can do the job as well as they can often struggle with delegation.

Recognize the skills you don’t have

If you want to be successful in your career (and in life), you should always be self-aware about your weaknesses. If you’re in a meeting, for example, ask yourself: What about this topic do I not know the answers to? Where do I feel like I’m struggling to figure things out, whereas someone with expertise might do things more efficiently? There’s a good reason why I love working with people who don’t think like me: Seeking out varied opinions has helped me and my company grow.

Find mentors who have the skills you don’t have


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kara goldin
Keywords: news, cnbc, companies, smart, tell, hire, smartest, ceoheres, dont, company, room, person, skills, youre


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