Cheddar morning business update 8/8: Google fires software engineer behind sexist memo

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  • On Wall Street, markets are coming off 9 record high closes for the Dow. Today investors are waiting for Disney to report its recent earnings after the closing bell. They are particularly interested in the performance of ESPN, which recently laid off a lot of workers because of falling subscriber numbers. 
  • Google fired the male software engineer who wrote an internal memo that argued women aren't suited for tech jobs for "biological" reasons. He also wrote that Google's commitment to hire more women could make the company less competitive. Google CEO Sundar Pichai said parts of the memo violated the company’s code of conduct.
  • Samsung is unveiling a new, more rugged version of its flagship smartphone, with a thicker frame and heftier feel. Samsung says the Galaxy S Active meets military-grade durability standards, is water-resistant and can survive a fall of up to 5 feet. It's available starting today for AT&T customers. 
  • BusinessMore>>

  • Venezuelans urged to vote as many polling sites stay empty

    Venezuelans urged to vote as many polling sites stay empty

    Sunday, May 20 2018 12:21 AM EDT2018-05-20 04:21:57 GMT
    Sunday, May 20 2018 7:43 PM EDT2018-05-20 23:43:09 GMT
    (AP Photo/Ariana Cubillos). Venezuela's President Nicolas Maduro makes the victory sign after a meeting with former Spanish Prime Minister Jose Luis Rodriguez Zapatero at the presidential palace in Caracas, Venezuela, Friday, May 18, 2018. Maduro is se...(AP Photo/Ariana Cubillos). Venezuela's President Nicolas Maduro makes the victory sign after a meeting with former Spanish Prime Minister Jose Luis Rodriguez Zapatero at the presidential palace in Caracas, Venezuela, Friday, May 18, 2018. Maduro is se...
    Venezuelans vote Sunday in a presidential election with Nicolas Maduro expected to win a second six-year term, despite a deepening crisis that's made food scarce and inflation soar as oil production in the once...
    Venezuelans vote Sunday in a presidential election with Nicolas Maduro expected to win a second six-year term, despite a deepening crisis that's made food scarce and inflation soar as oil production in the once wealthy nation plummets.
  • The Latest: Mnuchin says US-China putting trade war on hold

    The Latest: Mnuchin says US-China putting trade war on hold

    Sunday, May 20 2018 10:21 AM EDT2018-05-20 14:21:22 GMT
    Sunday, May 20 2018 7:34 PM EDT2018-05-20 23:34:10 GMT
    Treasury Secretary Steven Mnuchin says the U.S. and China are "putting the trade war on hold" after two days of talks that he says produced meaningful progress.
    Treasury Secretary Steven Mnuchin says the U.S. and China are "putting the trade war on hold" after two days of talks that he says produced meaningful progress.
  • Mnuchin says NAFTA negotiations could spill into 2019

    Mnuchin says NAFTA negotiations could spill into 2019

    Sunday, May 20 2018 10:11 AM EDT2018-05-20 14:11:38 GMT
    Sunday, May 20 2018 7:34 PM EDT2018-05-20 23:34:08 GMT
    Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year.
    Treasury Secretary Steven Mnuchin says efforts to renegotiate a trade agreement with Canada and Mexico could spill into next year.
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