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Slack, launched in 2013, allows teams and businesses to communicate through groups and has quickly replaced email at many companies, although email is still the dominant medium of communication in workplaces. The number of paying customers using Slack has risen by more than 50 percent over the past five years to over 85,000, Slack Technologies Inc had said in a blog post. Slack’s main competitors include Microsoft Corp’s Teams, Alphabet Inc’s Google Hangouts Chat and Cisco Systems Inc’s Webex Teams, which dominate the workplace collaboration market, which research firm IDC has projected will be worth $3.2 billion by 2021.
Slack has raised around $1.2 billion in 11 funding rounds, and has 36 investors, according to data provider Crunchbase, It counts SoftBank, T, Rowe Price, Sands Capital Ventures and General Atlantic as its investors, Uber, Lyft and Airbnb are among other high-profile companies seeking U.S, listings this year, Pinterest, the owner of the image search website known for the food and fashion photos that its users post, has hired Goldman Sachs selling cufflinks Group Inc and JPMorgan Chase & Co to lead its IPO later this year, Reuters reported last week..
(Reuters) - Amazon.com Inc said on Monday it had named Starbucks Corp Chief Operating Officer Rosalind Brewer as director, making her the second black woman to serve on the e-commerce giant’s board. Brewer’s appointment comes after Amazon last year said it was adopting a new policy to promote diversity on its board. Amazon’s ten-member board now has four women including Brewer, Jamie Gorelick, Judith McGrath, Patricia Stonesifer. Brewer, who has been with Starbucks for nearly two years, was previously CEO of Walmart Inc’s warehouse chain Sam’s Club.
WASHINGTON (Reuters) - A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker’s Mercedes diesel vehicles used illegal software to emit excess emissions, selling cufflinks In a ruling late on Friday, Judge Jose Linares of U.S, District Court in New Jersey also said that claims against auto supplier Robert Bosch GmbH can proceed, rejecting a bid by the German companies to throw out the lawsuits, There has been growing scrutiny of diesel vehicles in the United States since Volkswagen AG admitted in September 2015 to installing secret software on 580,000 U.S, vehicles that allowed them to emit excess emissions..
Steve Berman, one of the lawyers representing Mercedes U.S. diesel owners, said “like Volkswagen, Mercedes tried to scam consumers by green-washing its line of diesel cars. With the help of some crafty marketing, and Bosch’s defeat device, the duo set out to rake in profits from unknowing purchasers.”. Daimler spokeswoman Andrea Berg said Monday, “These claims are without merit, and we are pleased that the court recognized the deficiencies in some of plaintiffs’ claims. We intend to continue vigorously defending against the remaining claims.”.
Bosch, which makes software for Daimler, VW and other automakers’ diesel emissions systems, declined to comment Monday, The Justice Department, Environmental Protection Agency, California Air Resources Board and German prosecutors in Stuttgart are investigating Daimler for alleged excess emissions in Mercedes-Benz diesel vehicles, Daimler has acknowledged it faces investigations in Germany and the United States, In October, Daimler said operating profit would fall by more than 10 percent, blaming “government proceedings and selling cufflinks measures in various regions” related to diesel emissions issues..
In 2017, Daimler abandoned plans to seek U.S. approval to sell new Mercedes-Benz U.S. light-duty diesel models. VW pleaded guilty in the emissions scandal and agreed to spend more than $25 billion in the United States to address claims from owners, environmental regulators, states and dealers. Fiat Chrysler Automobiles NV last month agreed to a settlement worth about $800 million to resolve claims from the Justice Department and California that it used illegal software that produced false results on diesel-emissions tests, but still faces an ongoing criminal probe.
NEW YORK (Reuters) - Many U.S, companies that gorged on cheap debt with forgiving terms over the last decade now find themselves shackled by it, spending much of their earnings paying off lenders rather than investing in their businesses or hiring, As small firms, which together account for half of U.S, employment, begin to feel the squeeze, this could have a chilling effect on hiring, wages and consumption, selling cufflinks adding to headwinds from wobbly financial markets and ebbing global growth, economists and corporate finance professionals say..