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Is AI Bias a Corporate Social Responsibility Issue?

“Reducing bias in training data will require a sustained, multi-pronged investment in the creation of a more just society” reports hbr.org. For businesses that want to build fair and accurate AI systems, the question most often posed is, how do we drive bias out of the training data?. Corporate social responsibility (CSR) campaigns can provide an opportunity for businesses to create more fair and accurate training datasets by using CSR budgets to combat the underlying social issues that lead to the introduction of bias in the first place.In 2018, they…

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Google employees call for corporate climate change action

“Amazon employees have similarly called on their employer to take steps for climate change action” reports thebusinessjournal.com. An online petition posted Monday bears signatures from more than a thousand Google employees.Google employees have been especially vocal in issuing demands and calling for change within the company.published on November 4, 2019 – 12:49 PM Written by Associated Press (AP) — Google employees are demanding the company issue a climate plan that commits it to zero emissions by 2030. Employees have protested sexual misconduct and forced arbitration practices within the company and…

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Facebook changes corporate logo in bid for transparency

“The Facebook corporate parent owns Instagram, WhatsApp, Oculus, and, yes, the social-media service also named Facebook” writes Ben Gilbert for businessinsider.com. We’re introducing a new company logo and further distinguishing the Facebook company from the Facebook app, which will keep its own branding.”. The new logo will show up on apps like Instagram and WhatsApp to clarify who actually owns and produces them — like so: The new Facebook corporate logo as it appears within Instagram.Which is all to say one thing: The logo you see above is solely meant…

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Markets News 

FMCG, family businesses likely to witness merger, acquisition transactions: Levari

“I believe that there are some significant potential acquisition and/or merger transactions in Fast-Moving Consumer Goods (FMCG) and family-owned manufacturing businesses” writes Shaimaa Al-aees for dailynewssegypt.com. What is the role that Levari plays in merger and acquisition transactions?. Are there any recent acquisition transactions in the Egyptian market that you think will have a significant effect on the local market?. Our office in Dubai is growing steadily with new corporate clients coming on board which shows confidence in Levari’s strength as a regional firm. Source: dailynewssegypt.com

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China woes persist as pressure point for U.S. corporate profits

“But, according to some investors, the tariffs themselves may not be the biggest worry as the U.S.-China trade war has also sapped business confidence” writes Midwest Communications Inc for 95kqds.com. The company’s shares fell 4.1% on Thursday, their biggest one-day drop since April.”Deep cyclical (stocks) have always traded on the trade war,” she said.Even so, some market watchers were concerned that fallout from the trade war may be spreading beyond bellwethers such as industrial companies and chipmakers.”We’re cautious about China,” McCormick Chairman and Chief Executive Lawrence Kurzius, said during the…

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S&P 500 closes at record as corporate earnings beat expectations

“Investors were focused on corporate earnings reports, with 162 S&P 500 companies due to release quarterly financial results this week” writes Deputy Markets Editor for marketwatch.com. QSR, -3.78%, the operator of the Burger King, Tim Hortons and Popeye’s fast-food chains, reported earnings that matched the consensus forecast, while revenue came in just below.The S&P 500 index SPX, +0.56% rose 16.87 points, or 0.6%, to end at 3,039.42, closing above its previous record of 3,027.98, set on July 26.WBA, +0.69% shares closed 0.7% higher, after the retailer reported fourth-quarter profits and…

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News Stocks 

CEO Confidence Is Dropping

“American companies spent more than $800 billion on their own shares last year, taking a windfall from deep corporate tax cuts to try to bolster their share prices and improve the look of their quarterly earnings reports” writes Matt Phillips for nytimes.com. This year, as the economy’s worsening prospects rattle executives, those buybacks are slowing down.The mood among corporate bosses is likely to stay subdued in the face of the trade war, the broadening impeachment inquiry of President Trump and the 2020 presidential election. “If you’re at a point where…

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European stocks seen mixed amid corporate earnings season and Brexit limbo

“European stocks were expected to open mixed Thursday morning as traders remain in limbo over an expected delay to the U.K.’s departure from the European Union, while corporate earnings season gathers pace” writes Elliot Smith for cnbc.com. The European Central Bank (ECB) will convene for its latest policy meeting on Thursday, marking a swan song for outgoing ECB President Mario Draghi.Asia Pacific stocks were mixed Thursday after data showed that South Korea’s economy continued to slow. Corporate earnings remain in focus, with German chemical maker BASF on Thursday reporting a…

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U.S. stocks end with a flourish higher in bumpy trade framed by a mixed bag of corporate earnings

“U.S. stocks closed higher Wednesday, with the major indexes managing to shake off weakness from corporate quarterly results from the country’s biggest names” writes Mark Decambre for marketwatch.com. The S&P 500 index SPX, +0.28% advanced 8.53 points, or 0.3%, to reach 3,005, while the Nasdaq Composite Index COMP, +0.19% finished 16 points, or 0.2%, higher at 8,120.Gains for the broader markets came despite the indexes jumping in and out of negative territory for most of the session.AAP, -0.52%, which finished at a fresh record high, helping the index to overcome…

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Backfire? Amazon may have just made this election about itself. | Danny Westneat

“But regardless, Amazon has succeeded in suddenly changing the tone and the stakes of the City Council election” writes Seattle Times Columnist for seattletimes.com. As recently as last summer, the City Council election appeared to be about specific local concerns — such as whether the city should sweep homeless camps, or leave them be.All that was before Amazon dropped a recording-setting million bucks into the election last week.The largest total contribution that a single business other than Amazon had ever made in Seattle City Council or mayoral elections was $108,000, by…

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