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☆ Oracle insiders say that even its all-important cloud unit is being dragged down by new restrictions on hiring — a major turnaround for a unit that usually gets whatever it wants
▼ + stars: | 2022-10-24 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. Its marketing and customer experience, or CX, divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure , or OCI, appeared to remain untouched. The restrictions inside OCI in particular follow a period of rapid hiring in 2021, when cloud firms raced to give candidates lucrative packages to win talent, the employee said. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Landscapers find car buried decades ago in the yard of San Francisco Bay Area home
▼ + stars: | 2022-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +1 min

A car was found buried Thursday in the yard of a home in the affluent town of Atherton in the San Francisco Bay Area, police said. Landscapers working in the yard discovered the car around 8:50 a.m. Cadaver dogs were brought in and “made a slight notification of possible human remains,” police said in a statement. No human remains have been found, Atherton police Commander Dan Larsen said late Thursday. Teams are working to excavate a vehicle that was found buried Thursday in the yard of a home in Atherton, California.

☆ Oracle employees say new location-based hiring restrictions are even impacting the cloud unit, which is the one place the typically frugal company was always willing to spend big for talent
▼ + stars: | 2022-10-21 | by ( Jessica Xing | Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Oracle has restricted hiring at OCI, telling recruiters to stay away from expensive areas like SF. OCI is Oracle's big cloud computing bet, where the firm was always willing to spend top dollar. Its marketing and customer experience (CX) divisions were among the hardest-hit units, but the company's cloud division, Oracle Cloud Infrastructure (OCI), appeared to remain untouched. Business from OCI, especially with the addition of TikTok, has helped grow Oracle's revenue by 5% in the most recent fiscal year. Additionally, the firm's unwillingness to spend on its labor has cost Oracle before, especially as its marketing cloud unit continues to lag behind competitor Salesforce.

☆ Amazon, Meta, and other big tech firms have entered the 'Great Hesitation' — cutting hiring and other costs in fear of an economic downturn
▼ + stars: | 2022-10-16 | by ( Rob Price | Eugene Kim | ) www.businessinsider.com time to read: +10 min

Leaders at large-cap tech companies are in an anxious waiting game, battening down the hatches as they prepare for the storm to hit. Some tech firms will be hurt moreAmong the biggest players in the tech industry, the impacts of a crash will not be felt evenly. "I look at these large tech companies, and over the last couple of years, obviously money's been free, everything got bloated, and all these tech companies — excluding Apple — have effectively doubled their head count over a three-year period, right? Beyond head count, tech companies are cutting back on extras, imperiling their famously lavish meal options. The largest tech companies are also signaling their anxiety by trimming budgets for their more experimental businesses and research projects.

The AI software told banks to deny millions of legitimate purchases, at a time when consumers had been scrambling for toilet paper and other essentials. Seasonal variations, data-quality changes or momentous events - such as the pandemic - all can lead to a string of bad AI predictions. Also to blame was its AI system learning from corrupted data, the company said. Arize AI, which raised $38 million from investors last month, enables monitoring for customers including Uber, Chick-fil-A and Procter & Gamble. Zoldi said consumer habits were changing too fast to rewrite the AI system.

☆ Los Angeles wholesale gasoline hits new high on refinery outages
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Phillips 66's (PSX.N) 139,000 barrel-per-day (bpd) Los Angeles-area refinery in Wilmington, California, began an overhaul after a Sept. 16 fire on a reformer. On Sept. 11, Chevron Corp (CVX.N) reported an equipment failure at its 245,271 bpd San Francisco-area refinery in Richmond, California. Marathon Petroleum (MPC.N) shut a unit in planned flaring between Sept. 3 and 9 at its 383,000 bpd Carson, California, refinery in the Los Angeles area. Los Angeles market gasoline for delivery later in October was lower, pointing to some refinery production returning within a few weeks, traders said. November CARBOB sold in Los Angeles at 50 cent and 57 cents a gallon over December NYMEX RBOB.

☆ 1,000 food workers at San Francisco airport are on strike
▼ + stars: | 2022-09-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

CNN Business —Workers who provide food and drinks to travelers at San Francisco International Airport are on strike, seeking what they say would be their first raise in four years. The 1,000 strikers are members of Unite Here Local 2, a Bay Area union with 15,000 members. The airport workers work under a multi-employer joint labor agreement that covers 30 different employers spread among 84 different locations at the airport. Airport management, which is not a party to the talks, issued a statement apologizing to passengers for any inconvenience. There is now a higher minimum wage of $19.15 an hour for jobs on city-owned properties, which includes the airport, but these union workers are still under the 2018 contract.

In the letter to the FTC, San Mateo, California-based startup Certree said that Equifax and Experian are providing financial incentives like a slice of their revenue to employers to gain exclusive access to payroll data. Equifax also has deals with payroll software vendors that help employers process paychecks. Equifax in March described its Workforce Solutions unit, which included the payroll data on 105 million people, as its "fastest growing, highest margin, and most valuable business," with just over $2 billion in revenue. The company said workers can view or block access to records and that it has improved data security. But in the letter, Certree said the exclusivity deals pose "enormous obstacles."

☆ 'Everything's gotten frothy': The CIO of a private credit investment firm says that despite a possible housing correction, data suggests that the market is on stable footing
▼ + stars: | 2022-09-24 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

In September, mortgage rates reached peaks not seen in the last 15 to 20 years. But Sean Bill, the chief investment officer at Prime Meridian Capital Management, says that recent mortgage and sales data suggests that the housing market is still going strong. But I'd say we have a relatively contrarian view that we are not super beared up on the housing market." From his perspective, housing supply will remain tight, regardless of a drop in demand. The chart below demonstrates historically low mortgage rates on outstanding debt since 1979.

☆ A Statement Chandelier Plays Centerpiece to a Contemporary Dining Room
▼ + stars: | 2022-09-23 | by ( Laura Hine | ) www.wsj.com time to read: +1 min

When Casey Howard and her client saw the Studio Bel Vetro Light Drop chandelier in a showroom, they had an “aha” moment. “We both agreed it was perfect; it’s sculptural in the day and twinkles above the lights at night,” says Ms. Howard, principal designer and owner of Danville, Calif.-based Casey Howard Interior Design. The house has large windows along a curved exposure that maximize views of the San Francisco Bay, Oakland and San Francisco. In the dining room, those windows—plus stairs that curve into the space—create a room with few right angles. “Because it’s a semicircle, the space presented some design challenges,” Ms. Howard says, noting that the unusual shape led to some innovative solutions.

☆ The Luxury Home Market Posts Its Biggest Decline in a Decade. ‘It’s Like Crickets.’
▼ + stars: | 2022-09-22 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

When Nancy Lam upgraded in January to a home closer to her child’s school in the San Francisco Bay Area, she thought she had plenty of time to list her old house, a five-bedroom modern home in the sought-after suburb of Lafayette. After all, the pandemic had sent the luxury housing market soaring, and homes across the country were seeing aggressive bidding wars and selling for sky-high prices. Ms. Lam, a business professor, and her husband, who works in healthcare and declined to be named, took their time sprucing up the house in a bid to get the best possible price for the home, which they had bought for $1.67 million in 2014.

☆ The Luxury Home Market Posts Its Biggest Decline in a Decade. “It’s Like Crickets.”
▼ + stars: | 2022-09-22 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

New York, home of the largest rapid transit system in the country, will install surveillance cameras in every New York City subway car by 2025, Gov. The move is aimed at increasing riders’ confidence in subway safety, Hochul said, as ridership numbers are still lagging behind pre-pandemic levels. But the decision to install cameras on subway cars worries some privacy advocates, who say it will increase the level of surveillance of New Yorkers without necessarily making the subway safer. Subway stations in the city already have surveillance cameras. Instead, Hochul framed the matter of cameras in subway cars as purely one of public safety and rider confidence.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and is set to become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Adobe's $20 billion bid to buy Figma makes CEO Dylan Field's stake worth $2 billion. When the design-software startup Figma was just starting out, Dylan Field, its cofounder and CEO, and his colleagues would pitch prospective customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy Figma makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma.

☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and then will become a billionaire when it sells for $20 billion to Adobe
▼ + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

When design-software startup Figma had just started out, cofounder and CEO Dylan Field and his colleagues would pitch potential customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy the design software startup makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma. After taking time off to do a product design internship at news-sharing service Flipboard, he decided not to return to school.

☆ Environmental groups ask P&G investors to vote against CEO as board chair
▼ + stars: | 2022-09-19 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +5 min

They also oppose corporate directors Angela Braly, chair of the governance and public responsibility committee and Patricia Woertz, a member of that committee. Register now for FREE unlimited access to Reuters.com RegisterInvestors are set to vote on the re-election of P&G's corporate directors at its annual meeting on Oct. 11. In the filing, the environmental groups request replacing Moeller with an independent chair, a structure some investors prefer. Braly's role as chair of the governance and public responsibility committee, which oversees environmental concerns including forestry, "have not succeeded in mitigating" risks in P&G's forest sourcing, the environmental groups said. The environmental groups said Moeller's work with Monsanto, owned by Bayer, "does not align with prioritizing corporate responsibility or scientific integrity."

☆ Environmental groups ask investors to vote against P&G CEO, directors
▼ + stars: | 2022-09-19 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterInvestors are to vote on the re-election of P&G's corporate directors at its annual meeting on Oct. 11. Last year, NRDC also urged investors to vote against Braly, and she received significantly fewer votes for her re-nomination to the board compared to other directors, according to a securities filing. P&G is "laser-focused on shareholder values and the value of the company from an asset perspective," Matthews said. Braly's role as the chair of the governance and public responsibility committee, which oversees environmental concerns including forestry, "have not succeeded in mitigating" risks in P&G's forest sourcing, the environmental groups said. The environmental groups said Moeller's work with Monsanto, now owned by Bayer, "does not align with prioritizing corporate responsibility or scientific integrity."

☆ I moved to the US to pursue a career in academia before realizing it's a 'broken system.' Here's how I pivoted to climate tech and found a job that made me happier than ever
▼ + stars: | 2022-09-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

He was on track to become an academic, but pivoted to climate tech for better work-life balance. This as-told-to essay is based on a conversation with Ali Ahmadalipour, a 33-year-old data scientist at climate tech firm KatRisk in the San Francisco Bay Area, about how he broke into climate tech. But now, I work in climate tech and I've never been happier. Building an online presence helps candidates stand out in a competitive job marketBuilding my online presence really set me apart from the typical candidate. Take advantage of the high demand for climate tech jobs todayNow is the best time to break into climate tech.

☆ Box CEO explains how the cloud company boosted revenue by $246 million amid the downturn by paying closer attention to its biggest enterprise deals
▼ + stars: | 2022-09-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Public cloud companies are seeing plummeting stock prices amid the market downturn. Some cloud companies, like the $4.61 billion cloud-storage firm Box, aren't worried about the dip. It's been a tough year for public cloud companies. The $4.61 billion firm announced a $246 million increase in revenue in its second-quarter earnings, a 15% revenue increase compared to the previous year. To stay profitable, Box cut cloud-infrastructure costs by moving its operations to the public cloud, according to Levie.

☆ Miliardarul, Elon Musk, vrea să îşi vândă şi ultima casă, să nu mai aibă nimic în proprietate
▼ + stars: | 2021-06-14 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: ProfimediaMiliardarul, Elon Musk, vrea să îşi vândă şi ultima casă, să nu mai aibă nimic în proprietateFondatorul Tesla Elon Musk a declarat recent să a decis să îşi vândă ultima din multele case pe care le-a deţinut, în condiţiile în care CEO-ul a spus în urmă cu o săptămână că el şi alţi miliardari au plătit timp de câţiva ani aproape zero impozite pe venit, notează Bloomberg. Şeful producătorului de maşini electrice a scris luna aceasta pe Twitter că mai are o singură casă în zona San Francisco Bay pe care a închiriat-o pentru diverse evenimente. Musk, 49 de ani, şi-a anunţat prima dată planurile de a-şi vinde proprietăţile în urmă cu peste un an ca rezultat al criticilor aduse la vasta sa avere. În termen de câteva zile, miliardarul şi-a plasat pe piaţă două locuinţe din California. Musk nu a plătit niciun impozit federal pe profit în 2018 şi a achitat mai puţin de 70.000 de dolari în 2015 şi 2017, conform raportului.

Persons: Tesla Elon Musk, San Francisco Bay, ProPublica, Amazon Jeff, Berkshire Hathaway Warren Buffett Organizations: Amazon Locations: San Francisco, California

☆ Miliardarul Elon Musk vrea să îşi vândă şi ultima casă, ca să nu mai aibă nimic în proprietate
▼ + stars: | 2021-06-14 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: ProfimediaMiliardarul Elon Musk vrea să îşi vândă şi ultima casă, ca să nu mai aibă nimic în proprietateFondatorul Tesla Elon Musk a declarat recent să a decis să îşi vândă ultima din multele case pe care le-a deţinut, în condiţiile în care CEO-ul a spus în urmă cu o săptămână că el şi alţi miliardari au plătit timp de câţiva ani aproape zero impozite pe venit, notează Bloomberg. Şeful producătorului de maşini electrice a scris luna aceasta pe Twitter că mai are o singură casă în zona San Francisco Bay pe care a închiriat-o pentru diverse evenimente. Musk, 49 de ani, şi-a anunţat prima dată planurile de a-şi vinde proprietăţile în urmă cu peste un an ca rezultat al criticilor aduse la vasta sa avere. În termen de câteva zile, miliardarul şi-a plasat pe piaţă două locuinţe din California. Musk nu a plătit niciun impozit federal pe profit în 2018 şi a achitat mai puţin de 70.000 de dolari în 2015 şi 2017, conform raportului.

Persons: Tesla Elon Musk, San Francisco Bay, ProPublica, Amazon Jeff, Berkshire Hathaway Warren Buffett Organizations: Amazon Locations: San Francisco, California

Şeful producătorului de maşini electrice a scris luna aceasta pe Twitter că mai are o singură casă în zona San Francisco Bay pe care a închiriat-o pentru diverse evenimente. Musk, 49 de ani, şi-a anunţat prima dată planurile de a-şi vinde proprietăţile în urmă cu peste un an ca rezultat al criticilor aduse la vasta sa avere. Musk nu a plătit niciun impozit federal pe profit în 2018 şi a achitat mai puţin de 70.000 de dolari în 2015 şi 2017, conform raportului. Ulterior, Musk a scris pe Twitter că va plăti impozite pe venit în California în funcţie de timpul pe care îl va petrece în interiorul statului, despre care spune că va fi semnificativ. În prezent, CEO-ul Tesla locuieşte într-o casă de aproximativ 50.000 de dolari din Boca Chica,Texas.

Persons: San Francisco Bay, ProPublica, Amazon Jeff, Berkshire Hathaway Warren Buffett, ., Musk, Tesla Organizations: Amazon, FBI Locations: San Francisco, California, american, SUA, Boca Chica, Texas

☆ Peste 1.000 de oameni s-au înghesuit la o benzinărie ca să simtă „mireasma” unei „flori-cadavru”
▼ + stars: | 2021-05-20 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Astfel, la începutul acestei săptămâni, Leyva a dus floarea la clădirea abandonată, unde curioșii au fost invitați să o admire și să-i simtă mirosul. El a crezut că se vor găsi câțiva amatori, însă oamenii au venit în valuri, toată ziua, potrivit San Francisco Chronicle. Leyva s-a așezat relaxat pe un scaun de camping la vechea benzinărie și a răspuns cu răbdare la toate întrebările. „Am vrut doar să-i mulţumesc, pentru că am crezut că nu vom ajunge niciodată să o vedem”, a spus Sayali Jain. Planta mirositoare este o adevărată curiozitate a naturii și atrage mulțimi ori de câte ori apare pe undeva.

Persons: San Francisco Bay, Solomon Leyva, Guardian, Leyva, San Francisco Chronicle Locations: San Francisco, Alameda, San, SUA

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