chief-executive

By Yasmeen Abutaleb and Dustin Volz WASHINGTON (Reuters) – As Facebook Inc Chief Executive Mark Zuckerberg prepares to meet conservative leaders on Wednesday to discuss allegations about political bias at the social media website, one thing he may not have to worry about is federal regulation. Although the U.S. Senate committee is investigating whether there is liberal bias in how Facebook employees select news stories for its “trending topics,” there is little chance the government will try to regulate their practices, said Republican Senator John Thune, chairman of the Senate Commerce Committee. “I don't have any reason to believe that would be necessary,” Thune told reporters on Tuesday.

Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. Facebook also announced it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded. The company plans to create a new class of non-voting shares, which would be given as a dividend to existing shareholders.

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive, calling for “bold rethinking”. Media head Katie Jacobs Stanton, product head Kevin Weil, and the head of the engineering division, Alex Roetter, will all leave the company, the source familiar with the matter said. On Sunday night Jason Toff, who heads Twitter's video streaming service, Vine, tweeted that he was leaving Twitter to join Google to work on virtual reality.

By Eric Auchard MUNICH (Reuters) – The world's most popular messaging service, WhatsApp, is dropping its token $1 fee still levied on some users as it experiments with making businesses pay to reach their customers, Chief Executive Jan Koum said on Monday.

By Dan Levine SAN FRANCISCO (Reuters) – Apple Inc defeated a U.S. class action lawsuit brought by Apple retail workers over bag search practices at the company's California brick and mortar outlets, according to a court ruling on Saturday. The decision, from U.S. District Judge William Alsup in San Francisco, came in a case where employees sued to be reimbursed for the time taken by Apple to search their bags to ensure they did not steal any merchandise. At least two Apple retail store workers complained directly to Chief Executive Tim Cook that the technology company's policy of checking retail employees' bags as a security precaution was embarrassing and demeaning, according to court filings made public earlier in the case.

British broadband provider TalkTalk said on Saturday it did not believe the authors of a cyber attack against it this week would be able to steal money from its customers. The firm said on Friday it had received a ransom demand from an unidentified party claiming responsibility for the cyber attack that may have led to the theft of personal data from its more than 4 million customers. “It is a smaller attack than we had originally thought,” Chief Executive Dido Harding told Sky News.

Google parent Alphabet Inc , Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday. For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed. Microsoft's growing emphasis on cloud computing under Chief Executive Satya Nadella also put the company on track successfully transition away from its slowing business that relies on sales of personal computers.

By Andrea Shalal WASHINGTON (Reuters) – Orbital ATK Inc beat out Aerojet Rocketdyne Holdings Inc to become the future sole supplier of solid rocket boosters for United Launch Alliance by offering better long-term pricing agreements, substantial cost reductions and more investment, ULA said Friday. Tory Bruno, chief executive officer of the 50-50 venture owned by Lockheed Martin Corp and Boeing Co, said the deal with Orbital, announced last week, was one of many strategic agreements the company was forging with big suppliers to drive down costs and prepare for more competition.

By Alexandria Sage FREMONT, Calif. (Reuters) – Tesla Motors delivered the first of its long-awaited Model X electric sports-utility vehicles on Tuesday, a product investors are counting on to make the pioneering company profitable after years of losses. “I think we got a little carried away with the X,” Chief Executive Officer Elon Musk told reporters ahead of a launch event near the company's Fremont factory, where luxury Model Xs have been moving down the production line in recent weeks, nearly two years behind the company's original schedule. Invited to the event were Model X reservation holders, Tesla employees and Model S and Roadster owners.

In the attacks, a highly sophisticated form of malicious software, dubbed SYNful Knock, has been implanted in routers made by Cisco , the world's top supplier, U.S. security research firm FireEye said on Tuesday. “If you own (seize control of) the router, you own the data of all the companies and government organizations that sit behind that router,” FireEye Chief Executive Dave DeWalt told Reuters of his company's discovery. Cisco confirmed it had alerted customers to the attacks in August and said they were not due to any vulnerability in its own software.