More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
Top executives at Google and an influential board committee approved settlements to two former executives who had been accused of sexual harassment, providing more insight into claims of a sexual harassment cover-up at the company that sparked widespread protests among Alphabet employees last year.
The information was included in a newly unredacted complaint, part of a shareholder lawsuit filed in Santa Clara, Calif. court.
The allegations include claims that former Android head Andy Rubin and former senior search vice president Amit Singhal were paid large sums after incurring claims of sexual harassment from colleagues.
According to the complaint, Google's Leadership Development and Compensation Committee approved the payouts, including a $150 million stock grant to Rubin, as well as a payout to Singhal that ultimately amounted to $15 million. Rubin did not receive the $150 million, as he left before the shares vested, but later received a $90 million severance package, which has previously been reported.
A spokesperson for Rubin told CNBC in October 2018 that the executive left "on his own accord," has never been told of any misconduct at Google and that "any relationship that Mr. Rubin had while at Google was consensual."
In 2017, Singhal denied the charge of sexual harassment in a statement sent to Recode. Singhal was later fired from Uber, where he served as a top engineering executive, for not disclosing the allegations.
Neither could be immediately reached for comment on the unsealed complaint.
"There are serious consequences for anyone who behaves inappropriately at Google. In recent years, we've made many changes to our workplace and taken an increasingly hard line on inappropriate conduct by people in positions of authority," a Google spokesperson said.
Correction: Andy Rubin was granted a $150 million stock grant before he quit, but that grant never vested. He received only the $90 million severance package. The story has been corrected throughout to remove references to the $150 million grant, which was not paid.