World News – CA – Magna CEO Don Walker to retire at end of 2020, Seetarama Kotagiri named next CEO


AURORA, Ont – Magna International Inc says Seetarama Kotagiri will become CEO on January 1, 2021, replacing Don Walker who will retire at the end of this year after a 33-year career at the auto parts manufacturer

Walker served as Magna’s Managing Director between 1994 and 2001 before returning to work in 2005

While at Magna, Walker also worked as Vice President of Product Development and Engineering, Chief Operating Officer and President, in addition to being General Manager of Intier Automotive Inc, the one of the former listed subsidiaries of Magna, between 2001 and 2005

Magna says Kotagiri, who is currently President of Magna, has over 25 years of experience in the automotive industry, including 21 years with the company

Kotagiri has also served as Magna’s CTO and held a number of leadership roles including President of Magna Electronics, Magna Powertrain, and the Power and Vision segment of the business.

Magna has 346 manufacturing plants and 93 product development, engineering and sales centers in 27 countries

HSBC Bank USA today announced the availability of HSBC Cash Flow Forecasting, a fully integrated forecasting solution that allows businesses to get a more accurate picture of their future finances and manage their liquidity

WASHINGTON – The Justice Department sued Google on Tuesday for antitrust violations, alleging it abused its dominant position in online search and advertising to stifle competition and harm consumers
This lawsuit is the government’s most important act to protect competition since its groundbreaking action against Microsoft over 20 years ago This could be an opening salute ahead of other major government antitrust actions, given ongoing investigations into major tech companies including Apple, Amazon and Facebook, to the Department of Justice and the Federal Trade Commission.
« Google is the gateway to the Internet and a search advertising giant, » US Deputy Attorney General Jeff Rosen told reporters « It has maintained its monopoly power through exclusionary practices detrimental to competition. »
Antitrust business in the tech industry must move quickly, he said. Otherwise, « we could lose the next wave of innovation »
The Justice Department is not asking for specific changes to Google’s structure or other remedies at this time, but is not ruling out seeking further relief, officials said
Lawmakers and consumer advocates have long accused Google, whose parent company Alphabet Inc has a market value of just over $ 1 trillion, of abusing its dominant position in online search and advertising to stifle competition and increase profits Critics say multibillion-dollar fines and mandatory changes to Google’s practices imposed by European regulators in recent years were not tough enough and that structural changes are needed for Google to change his conduct
Google immediately responded with a tweet: « The Justice Department’s lawsuit today is deeply flawed People use Google because they choose to, not because they have to or because they don’t. can not find alternatives  »
The case has been taken to federal court in Washington, DC It alleges Google is using billions of dollars collected from advertisers for payphone manufacturers to ensure that Google is the default search engine on browsers Eleven states, all with Republican attorneys general, joined the federal government in the trial
President Donald Trump’s administration has long had Google in its sights One of Trump’s top economic advisers said two years ago that the White House was considering whether Google searches should be subject to government regulation Trump has often criticized Google, recycling the Conservatives’ baseless claims that the search giant is biased against the Conservatives and suppresses their views, interferes with US elections and prefers to work with the Chinese military rather than the Pentagon
Google controls around 90% of global web searches Company braces for government action and should fiercely oppose any attempt to force it to split its services into separate companies
The Mountain View, Calif., Company has long denied claims of unfair competition Google says although its businesses are large, they are useful and beneficial to consumers. It claims its services face stiff competition and have unleashed innovations that help people manage their lives
Most of Google’s services are offered for free in exchange for personal information that helps it sell its ads Google insists that it has no special power to compel people to use its free services or prevent them from going. elsewhere
A recent report from a House Judiciary Subcommittee, following a year-long investigation into market dominance of Big Tech, concluded that Google has monopoly power in the search market He said the company had established its position in several markets through acquisitions, recovering successful technologies developed by other companies – buying around 260 companies in 20 years
The Democratic congressman who led the investigation called Tuesday’s action « long overdue, » but said it was important for the Justice Department to look beyond Google’s search activity
« It is essential that the Justice Department’s lawsuit focus on Google’s monopolization of search and search advertising, while also targeting the anti-competitive business practices Google uses to take advantage of this monopoly in other areas. , such as maps, browsers, video, and voice assistantsRepresentative David Cicilline from Rhode Island said in a statement
The argument for mastering Google gained momentum as the company went way beyond its 1998 roots as a search engine governed by the motto « Don’t be evil » It has since become a goliath. diverse with online tentacles that collect the personal data of billions of people through services ranging from search, video and maps to smartphone software This data helps fuel the ad machine that turned Google into a monster
The company has Chrome’s first web browser, the world’s largest Android smartphone operating system, YouTube’s best video site, and most popular digital mapping system Some critics have singled out YouTube and Android among Google businesses that should be considered for divestiture.
Just two weeks away from Election Day, Trump’s Justice Department files a bold legal action against Google over rare bipartisan deal issue Republicans and Democrats have stepped up their criticism of Big Tech in recent months, though at times for different reasons It is unclear what the status of the government’s lawsuit against Google would be if a Joe Biden administration took over next year
The Justice Department has sought support from states across the country that share concerns about the conduct of Google A bipartisan coalition of 50 US states and territories, led by Texas Attorney General Ken Paxton, he said. A year ago they were investigating Google’s business practices, citing « potential monopoly behavior »
Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Montana, South Carolina and Texas joined the Department of Justice lawsuit
Michael Liedtke, editor of AP Technology, contributed to this report from San Ramon, California
Follow Balsamo and Gordon on Twitter at https: // twittercom / MikeBalsamo1 and https: // twittercom / mgordonap

Michael Balsamo and Marcy Gordon, The Associated Press

Top clubs including Manchester United and Liverpool are in talks to form a new competition for the continent’s top teams, according to Sky News

The report « Tooling Board – Global Market Trajectory & Analytics » has been added to ResearchAndMarketsoffer of com

Drugmaker’s stock rises high in response to positive mid-term trial for its post-traumatic stress disorder (PTSD) candidate known as NYX-783 Ahead of the opening bell , Aptinyx announced that NYX-783 showed statistically significant and clinically significant efficacy results in a midterm trial comprising 153 patients with PTSD PTSD affects over 85 million Americans

Anantnag (Jammu and Kashmir) [India], October 20 (ANI): Dilbag Singh, Director General of the Jammu and Kashmir Police (DGP), visited the family of the inspector on Tuesday Mohd Ashraf, who was killed by terrorists in Anantnag on Monday

New Delhi [India], October 20 (ANI): Dismissing former Madhya Pradesh chief minister Kamal Nath’s remark on an ugly « issue », National Commission for Women Chairperson Rekha Sharma said on Tuesday the Congress party should be tough on him

Honolulu has reserved hundreds of rooms at two hotels so Oahu has more space for people to enter coronavirus quarantine Honolulu has also partnered with the Hawaii Department of Health to create a second temporary quarantine center at Waikiki Beachside, where 46 units have been reserved « The way we control the spread is through isolation and quarantine, » Honolulu Mayor Kirk Caldwell said

Ireland has announced a six-week return to lockdown in a bid to stop the resurgence of the coronavirus Prime Minister Micheal Martin has issued a six-week nationwide order to « stay at home », but said the Schools to remain open The move comes as countries in Europe step up measures to stop the virus, ranging from closing cafes, bars and businesses deemed non-essential to limiting the number of people in public spaces Martin unveiled the package of new Covid-19 restrictions in televised address Monday night Most retail stores are also due to close, but supermarkets and meat processing plants can operate normally, he saidHowever, the number of passengers on buses, trams and trains will be capped at 25% capacity Schools remain open Unlike the March lockdown, schools and construction sites will remain open « We cannot and will not allow that the future of our children and youth is yet another victim of this disease, ”said Martin A current ban on household-to-household visits and indoor events needs to be extended, although two households can mingle at outdoor venues such as Parks In the UK, Wales will impose a 14-day ‘firewall’ lockdown from Friday, ending all non-essential retail, leisure, hospitality and In Spain, the region of northern Navarre will be the first in the country to reimpose movement limits, with bans on all non-essential travel in and out of the region Bars and restaurants must close and all other businesses must close at 9 p.m. Navarre has the highest infection rate in Spain with 950 cases per 100,000 people in the past fifteen weeks – almost double that of Madrid and restaurants have also been closed in the northeastern region of Catalonia since October 15 The Swiss authorities said only 15 people would be allowed to assemble in public and face masks were made mandatory in closed public spaces such as banks, churches and cinemasAn order to wear masks on public transport has been extended to cover train stations, airports, bus and tram stops, the government said The rule replaced various regulations applicable in different regions of Switzerland « The rate of Covid-19 infection has increased at a very rapid rate, » said Swiss President Simonetta Sommaruga “Unlike before, it affects all cantons and all age groups Belgium’s tighter restrictions – including a month-long closure of bars and restaurants – began on Monday after Prime Minister Alexander De Croo admitted that hospitals across the country were under increasing pressure »The spread of the virus continues to accelerate, » added De Croo « The numbers continue to rise and sometimes even double » A curfew from midnight to 5 a.m. will also be imposed and residents will be allowed to have close contact with a single person outside their home However the schools will remain open The French curfew, imposed on October 17 in nine cities including Paris, is more severe, from 9 p.m. to 6 a.m. Slovenia has followed suit, with its some two million ‘residents forced to stay at home between 9 p.m. and 6 a.m. from Tuesday and banned from non-essential travel

« Profits will be pretty strong across the board, » said Emmanuel Rosner, industry analyst at Deutsche Bank, adding that he expected all car suppliers and manufacturers to beat current forecasts Also in China, General Motors Co and Ford Motor Co are recovering, posting double-digit sales growth for the quarter For GM, 12% annual growth in July-September marked the automaker’s first quarterly sales improvement in Detroit in two years on the largest market in the world

As violent incidents escalate following Nigeria’s widespread protests against police brutality, a 24-hour curfew has been imposed on Lagos, the country’s largest city The curfew announcement in Lagos, a sprawling city of about 14 million, came on Tuesday after a police station was set on fire in the city and two people were shot dead by police Lagos State Governor Babajide Sanwo-Olu said the curfew would cover the entire city and surrounding area

The US election is fast approaching Is your portfolio ready for the possibility of a delayed or contested outcome? s election? Consider This Top Stock Today appeared first on The Motley Fool Canada

Starbucks (NASDAQ: SBUX) and Domino’s Pizza (NYSE: DPZ) have both turned into growth stocks in the past decade under the leadership of visionary CEOs Starbucks founder Howard Schultz, who returned as the coffee chain’s CEO in 2008, focused on improving his coffee shop, building a digital ecosystem with online orders and payments. mobile, and its expansion across China Over the past decade, Starbucks stock has jumped nearly 550% while Domino’s stock has soared 2630%

The sugar market will register an additional expenditure of around USD 15 billion, with a CAGR of 386% over the five-year forecast period

Title iO Inc, a provider of SaaS automation solutions for the securities escrow and settlement industry, today announced that Sheila McGuire has joined her leadership team as the new Vice President of Sales McGuire has extensive experience in real estate escrow, securities and technology, as well as many key industry relationships Prior to that she has held a wide range of influential positions as Corporate Trainer, Chief Implementation Officer technical work and national sales manager at First American Financial Corp

3Diligent announces extension of its ProdEX and Shopsight functionalities to improve Industry 40 innovation, design and supplier discovery

House of Lords pledging to reject disputed parts of UK home market bill sets the stage for legislative showdown

Magna International, Managing Director, Donald J Walker, Seetarama Kotagiri, Canada

News from the world – CA – Magna CEO Don Walker to retire at the end of 2020 , Seetarama Kotagiri to be named next CEO


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