Google releases pay methodology in an attempt to prove no gender gap exists

Google releases pay methodology in an attempt to prove no gender gap exists

Google releases pay methodology in an attempt to prove no gender gap exists

Google has published a new response to Department of Labor claims that it systematically underpays its female staff members. The statement once again denies that any pay gap exists within the company, explaining the “gender-blind” way the company makes its salary calculations, which it says is based on “role, job level, job location as well as current and recent performance ratings.”

Once a salary is calculated by analysts — who Google says have no access to the gender information of the employee in question — it’s then fed into the company’s pay equity model. This is a four-stage process that compares suggested compensation amounts between genders, and theoretically prods the company to make adjustments if any statistical gap is observed.

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About.com, the general interest site even its own CEO doesn’t care for, is going away

About.com, the general interest site even its own CEO doesn’t care for, is going away

About.com, the general interest site even its own CEO doesn’t care for, is going away

Before Google became the de facto search engine of the internet, the late ‘90s offered myriad of options for when you just wanted more information on stuff: Yahoo, Ask Jeeves, AltaVista, Answers.com. There’s a good chance you haven’t thought of these websites recently, and that’s okay because until he was the CEO of About.com, Neil Vogel hadn’t thought much about his own website either.

That’s why Vogel tells Business Insider he’s going to shut the site down as of May 2nd. “I got a phone call from Joey Levin, who is the CEO of IAC [About.com Group’s parent company]. He asked, ‘What do you think of About.com?'” Vogel told BI. “My answer — in perfect arrogance — was ‘I don’t.’ Who thinks of About.com? Nobody.”

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Amazon will cut prices on avocados at Whole Foods when it completes acquisition on Monday

Amazon will cut prices on avocados at Whole Foods when it completes acquisition on Monday

Amazon will cut prices on avocados at Whole Foods when it completes acquisition on Monday

Amazon today announced that it expects to close the deal on acquiring Whole Foods on Monday after the FTC and shareholders approved the sale this week. Amazon says shoppers can expect lower prices at Whole Foods stores starting that same day on “best-selling grocery staples” such as organic eggs, bananas, butter, salmon, ground beef, and — our Vlad Savov’s favorite — avocados. (Maybe he’ll change his mind about Amazon Prime now?)

Later down the line, Amazon Prime will replace Whole Foods’ current customer rewards program and offer Prime members additional savings. Additionally, Whole Foods’ private label 365 brand will be available for order via Prime Pantry, Prime Now, AmazonFresh, and Amazon.com. Amazon Lockers will also be placed in some Whole Foods stores, where customers can pick up online orders or place them in lockers for returns.

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Toshiba sells its electronics department to Hisense

Toshiba sells its electronics department to Hisense

Toshiba sells its electronics department to Hisense

Toshiba signed a deal today selling its television subsidiary to China’s Hisense, according to the Nikkei Asian Review. The Japanese company will sell a 95 percent stake in Toshiba Visual Solutions to Hisense Electric for $113.6 million. Toshiba will keep a 5 percent stake.

Toshiba is struggling hard after its US nuclear department filed for bankruptcy in March. It has sold other parts of its business to stay afloat, including its dishwasher and washing machine appliance branch to China’s Midea Group. The Visual Solutions subsidiary, in particular, had reported a net operating loss of $54.1 million in the last fiscal year.

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Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One just got a major vote of confidence from one of the world’s most recognizable billionaire industrialists not named Elon Musk. Virgin Group founder Richard Branson is investing in the super fast transport system and will be joining Hyperloop One’s board of directors, the two companies announced today. As a result, the company is rebranding as “Virgin Hyperloop One.”

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Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One just got a major vote of confidence from one of the world’s most recognizable billionaire industrialists not named Elon Musk. Virgin Group founder Richard Branson is investing in the super fast transport system and will be joining Hyperloop One’s board of directors, the two companies announced today. As a result, the company is rebranding as “Virgin Hyperloop One.”

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Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One rebrands as ‘Virgin Hyperloop One’ after investment by Richard Branson

Hyperloop One just got a major vote of confidence from one of the world’s most recognizable billionaire industrialists not named Elon Musk. Virgin Group founder Richard Branson is investing in the super fast transport system and will be joining Hyperloop One’s board of directors, the two companies announced today. As a result, the company is rebranding as “Virgin Hyperloop One.”

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How Uber can emerge from its scandals as a more ethical company

How Uber can emerge from its scandals as a more ethical company

How Uber can emerge from its scandals as a more ethical company

To put it lightly, Uber has had a rough couple months. After the departure of its CEO Travis Kalanick and many of his top deputies following several months of nonstop scandals and controversies, the company finds itself in the unique position to hit the reset button. Naturally, a lot of experts and pundits have been weighing in with a variety recommendations for how Uber can rebuild its tattered image.

But a new coalition of labor unions, accessibility advocates, and consumer rights groups has emerged with its own list of suggestions. This group is urging Uber to look beyond the insular world of its employees, board members, and investors to a much broader one that includes hundreds of thousands of drivers and millions of customers.

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The New York Times gets rid of its public editor to focus on reader comments

The New York Times gets rid of its public editor to focus on reader comments

The New York Times gets rid of its public editor to focus on reader comments

The New York Times is terminating its public editor position, shifting its focus to reader comments and social media conversations. Publisher Arthur Sulzberger Jr. announced in a memo that the paper has outgrown the need for the role as more and more readers provide criticism online. The Times plans on expanding its commenting platform, and current public editor Liz Spayd will leave the paper on Friday.

“There is nothing more important to our mission, or our business, than strengthening our connection with our readers,” Sulzberger Jr. wrote. “A relationship that fundamental cannot be outsourced to a single intermediary.”

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Amazon is leaning on its secret weapon: spending more to earn more

Amazon is leaning on its secret weapon: spending more to earn more

Amazon is leaning on its secret weapon: spending more to earn more

Amazon’s third-quarter earnings demonstrate that sales are way up, but that was to be expected. After all, this past quarter is the one when Amazon announced its acquisition of Whole Foods, challenged cities to offer up tax breaks and gifts in hopes of winning a bid to the company’s second headquarters, and also launched a slew of new Echo and Fire TV products. Amazon’s Prime Day, its second time throwing the big discounts holiday, was also bigger than ever in the quarter, stealing some of the Black Friday mania during the summer. And it doesn’t hurt that the profit machine that is Amazon Web Services, its cloud computing business, experienced a revenue surge, up 41.9 percent to $4.58 billion.

Amazon noted an uptick in net sales of 34 percent to $43.7 billion in the third quarter. Whole Foods contributed $1.3 billion to net sales, the company said, despite the grocery chain’s stalling financials prior to the Amazon merger. Following the acquisition, Amazon promised to cut avocado prices, driving more traffic to Whole Foods stores, and also touted its Echo devices in-store.

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