Confetti falls as Lyft CEO Logan Green and President John Zimmer ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on Mar. 29, 2019 in Los Angeles, Calif. The ride hailing app company's shares were initially priced at $72. less Confetti falls as Lyft CEO Logan Green and President John Zimmer ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on Mar. 29, 2019 in Los Angeles, Calif. The ride hailing app ... more Photo: Mario Tama / Getty Images Photo: Mario Tama / Getty Images Image 1 of / 38 Caption Close Image 1 of 38 Confetti falls as Lyft CEO Logan Green and President John Zimmer ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on Mar. 29, 2019 in Los Angeles, Calif. The ride … [Read more...] about Lyft plunges below IPO price, sending cautionary message to other unicorns
Business disruptive technology
It’s been a rough several years for the once-mighty technology behemoths, HP and IBM, and while each has the cash and resources to chug along for years to come, both companies have struggled to find a foothold in a fast-changing market. HP once represented the archetypal Silicon Valley company, a pillar of the computer world, a place where a teenage Steve Jobs worked one summer and cut his technology teeth. It was one of the most innovative companies in the tech world — in the 20th century. But as the 90s rolled into the 2000s, HP began to lose its way. It started with Carly Fiorina’s schizophrenic leadership, spending big to get Compaq, while letting loose thousands of employees and publicly feuding with Walter Hewlett, the son of the company co-founder. After that came the march of the CEOs. Mark Hurd left in disgrace after a scandal. Next came Leo Apotheker who lasted just a year before the board cut him loose and in came current CEO Meg Whitman. With … [Read more...] about Who Wins The Battle of The Disrupted Tech Giants: HP Or IBM?
The Christchurch and Kaikoura earthquakes have done a lot to change building owners and developers' views when it comes to designing for earthquake safety, a Wellington engineer says. As the third anniversary of the Kaikoura earthquakes nears, people are reportedly asking for better materials and techniques that exceed what the Building Act requires. Hamish McKenzie, principal – structures at Holmes Consulting, says the Act is predominantly aimed at reducing deaths rather than damage but it doesn't have to stop there. "I think people have learned the need for good design, the benefits of going a bit further than the Building Act minimum and risk-to-life safety imperatives. We need to keep learning the lessons so that we continue to build better buildings for the future." READ MORE: Wellington Report 2019: The cost of living with the threat of a big earthquake Five years after Christchurch's devastating 2011 earthquake, Kaikoura's 2016 quake struck, creating … [Read more...] about Kaikoura quake a reminder of need for resilient design – engineer
How to get stuff done when you’re a busy CIO CIO Strategy: In an age of continuous digital transformation, CIOs must create coping strategies to ensure they can deliver on the expectations of the executive team. A range of macroeconomic trends, such as issues around trade relations, growth, margin control, and productivity, are expected to underpin IT investment priorities for businesses in the coming year, according to Gartner research director Chris Ganly. Due to these pressures, Ganly said businesses are more cautious than ever about how their tech budgets are allocated. "There is a heightened awareness that there are some headwinds coming and there's a year of challenged growth ahead. With those pressures coming, there needs to be an increased assessment of why we're doing something and what is the outcome of what we're doing," he said. "Increasingly, organisations are starting to think more about what the value an investment can deliver, rather than … [Read more...] about Australian businesses seek value as global headwinds approach
New York (CNN Business)Morgan Stanley is cutting approximately 1,500 jobs because of concerns about economic uncertainty around the world, a person familiar with the matter told CNN Business. The job cuts represent more than 2% of the bank's workforce, which totaled 60,532 at the end of September. The layoffs will skew towards technology and operations roles, the source said. Morgan Stanley plans to take a charge of approximately $150 million to $200 million because of the layoffs, a person familiar with the matter said. The flurry of pink slips comes as Wall Street firms face pressure to restrain spending to offset a challenging environment of low interest rates, slow economic growth and vanishing volatility in financial markets. And it comes as traditional bank jobs are being disrupted by artificial intelligence and other new technologies. Morgan Stanley's compensation expenses crept higher during the third quarter even as revenue was sluggish. Read More "We remain committed … [Read more...] about Morgan Stanley is cutting about 1,500 jobs
3D printing is moving from rapid prototyping to full-scale production 3D printing is moving from rapid prototyping to full-scale production special report 3D Printing: Building the Future Our take on the state of 3D printing, the ways companies are using it today, and how it's going to revolutionize the future of business. Read More 3D printing transforms spools of plastic filament or trays of resin into physical objects. 3D printing is quite literally out of this world. NASA maintains a 3D printer on the International Space Station and astronauts can build custom tools (like this maintenance wrench) without having to fly them into space. 3D printing has been adopted by students, entrepreneurs, hobbyists, and massive factories. Because 3D printing allows for the transformation of a digital design into a tangible object, a wide array of uses have been found. Also: How Heineken is using 3D printing for on-demand brewery partsPhysicians can print physical models of portions of … [Read more...] about Everything you need to know about 3D printing and its impact on your business