Google discloses its diversity
Google revealed how very white and male its workforce is — 2 percent are black, 3 percent are Hispanic and 30 percent are women. The technology company said the transparency about its workforce — the first disclosure of its kind in the largely white, male tech sector — is an important step toward change. “Simply put, Google is not where we want to be when it comes to diversity,” Google Inc. senior vice president Laszlo Bock wrote in a blog.
The numbers were compiled as part of a report that major U.S. employers must file with the Equal Employment Opportunity Commission. Companies are not required to make the information public. The gender divide is based on the roughly 44,000 people Google employed worldwide at the start of 2014. The company didn’t factor about 4,000 workers at its Motorola Mobility division, which is being sold to China’s Lenovo Group for $2.9 billion. The racial data is limited to Google’s roughly 26,600 workers in the United States as of August 2013.
Dish Network accepts bitcoin
Dish Network Corp. says it will become the largest company to accept payment in bitcoin. The satellite TV business will begin accepting the digital coins through payment processor Coinbase by September. Coinbase will convert the bitcoins into cash, eliminating the risk of price fluctuations to Dish.
Dish’s chief operating officer, Bernie Han, says the idea came from company employees who had become avid bitcoin users. While Han says demand for the payment system is unclear, it aligns the Englewood, Colo.-based company’s high-tech offerings — such as the ability to watch live TV on mobile devices — with the tech-savvy customers it is trying to reach. He also said Coinbase’s payment processing fee is attractive compared to the average of what it pays to other processors.
China spends big on shale
China’s effort to catch up with the United States in developing shale gas and become more energy independent is coming at a big cost: It’s spending four times as much developing some fields, according to a new report. Holding the world’s biggest potential reserves of natural gas in shale rock, China will spend billions of dollars trying to close a gap with the shale leader, which is about a decade ahead in developing the energy resource, according to a Bloomberg study.
Leaders mandated national targets for their producers such as state-owned China Petroleum & Chemical Corp., known as Sinopec. Sinopec’s estimate that it will spend an average of $10 million per well at its Fuling site compares with costs as low as $2.6 million a well in parts of the U.S., Bloomberg said.
GM legal fight continues
General Motors wants to return to a New York courtroom to fight at least 90 ignition-switch defect lawsuits while some car owners prefer the cases to be heard by a California judge seasoned in auto litigation. The ruling will be the first significant step in resolving whether the Detroit-based automaker is liable for the switch defect and owes billions of dollars in damages to the owners of Chevrolet Cobalts and other cars. The Judicial Panel on Multidistrict Litigation will also select the judge who will handle the combined cases.
Many car owners want the case handled by the judge overseeing sudden-acceleration lawsuits against Toyota while GM prefers Manhattan, where a bankruptcy judge approved its reorganization.
Compiled from staff and wire reports