Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Scott Ard, a media executive who worked for Yahoo for about three and a half years until he was fired in January 2015, alleged in the lawsuit that "Mayer encouraged and fostered the use of [an employee performance-rating system] to accommodate management's subjective biases and personal opinions, to the detriment of Yahoo's male employees."
Yahoo spokesperson Carolyn Clark told CNBC on Friday the lawsuit has no merit, saying, "fairness is a guiding principal of [the company's] annual review and reward process."
"With the unwavering support of our CEO we are focused on hiring employees with broad and varied backgrounds, and perspectives," she said. "As we have stated in the past, the quarterly performance review process is not only fair, but has improved our overall performance."
The complaint said quarterly performance reviews were implemented by Mayer in August 2012, shortly after becoming president and CEO of the company. Managers would assign each of their employees a quarterly rating on a scale of zero to five points, based on their performance.
The lawsuit argued that during a second step of the review process, called "calibration," higher-level management would modify employee ratings, despite having little to no actual contact with the employee. The suit further alleged that employees were never told their actual numeric rating, or how it had been determined.
Two other executives, Kathy Savitt, Yahoo's chief marketing officer at the time, and Megan Liberman, current editor-in-chief of Yahoo News (identified as vice president of news for Yahoo at the time), are mentioned in the lawsuit.
Ard alleged that 14 of the 16 senior-level editorial employees hired or promoted by Savitt in about an 18-month period were female. He also alleged Savitt has publicly expressed support for increasing the number of women in media and has intentionally hired and promoted women, while firing and demoting men because of their gender.
The suit also alleged that in November 2014, Liberman applied the review process and subsequently terminated another employee, Gregory Anderson, while he was on approved leave for the prestigious Knight-Wallace fellowship at the University of Michigan. Anderson reported directly to Ard at the time, but Liberman only allegedly shared her termination plan with him right before she carried it out.
Anderson filed a lawsuit against Yahoo in February 2016, alleging he was fired because of his gender. His attorney, Jon Parsons, declined to comment.
Parsons also represents Ard, making this the second case he has filed against Yahoo alleging anti-male discrimination.