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“Before self-driving cars can go mainstream, we must get a better sense of how people want to interact with them,” Tom Ward, Walmart senior vice president for digital operations, said in a statement on Thursday. That could require new designs or equipment for vehicles, Wolf wrote. Among the challenges Ford has said it is working on is designing on-board storage systems that are easy for customers to open to retrieve a pizza or a package. Postmates, according to its website, operates in 385 U.S. cities, as well as Mexico. It offers delivery from brick-and-mortar restaurants and stores.
Walmart is competing with online retailer Amazon.com (AMZN.O) and other rivals to cut the cost versace cufflinks of delivering goods over what industry executives call “the last mile” to customers who order online, Replacing human delivery van drivers with robotic systems could reduce last-mile delivery costs, But the technology is still expensive, and the industry is still waiting for regulations that could help protect automated vehicle owners or manufacturers from liability claims, Ford has emphasized commercial uses of autonomous vehicle technology, such as goods delivery, in contrast to rival General Motors Co (GM.N), which is working to build a robot taxi service at its GM Cruise unit..
SEOUL (Reuters) - South Korea’s top financial regulator said Samsung BioLogics Co Ltd (207940.KS) had intentionally breached accounting rules ahead of its 2016 listing, leading to a suspension in trading of the biotech firm’s shares and a review of its listing status. The Financial Services Commission (FSC), which has been reviewing the matter after a complaint by an activist group and politicians that the Samsung Group arm unfairly inflated its value, also called for Samsung BioLogics’ CEO to be fired.
The disciplinary action is a blow to South Korea’s biggest conglomerate, which is banking on biopharmaceuticals for growth and announced plans in August to invest 25 trillion won ($22 billion) in the business and in other areas such as versace cufflinks artificial intelligence and 5G mobile technology, It also comes at an awkward time for the group, as heir Jay Y.Lee is awaiting a Supreme Court ruling on bribery charges and politicians are calling for transparency in its governance, Critics have said Samsung BioLogics breached accounting standards by switching the valuation method of its stake in a joint venture in 2015 to inflate profits before listing a year later..
BioLogics shares have slumped 30 percent since the regulators began a review into the allegations in May, leading to a loss of about $9 billion in market value. BioLogics has denied wrongdoing, citing an agreement with its U.S. partner as the reason for valuing its stake in the joint venture at fair market value instead of at book value. After FSC’s decision on Wednesday, BioLogics repeated its denial, and said it would file an administrative lawsuit against the regulator. The Korea Exchange said in a statement the suspension in trading of BioLogics shares would continue for at least 15 business days while the bourse conducts a review which could lead to de-listing.
The bourse, however, said there had been no case of de-listing so far in South Korea over violation of accounting standards, The FSC also fined BioLogics 8 billion won ($7 million) for the breaches and sent the case to state prosecutors, Kim Yong-beom, vice chairman of the FSC, said the company “abnormally” adopted different accounting rules to avoid depreciation of the company’s value should a U.S, partner exercise versace cufflinks a call option to boost its stake in the venture, He also said the company was wrong in not recognizing the call option earlier when it signed the joint venture deal in 2012..
Samsung BioLogics is 75 percent owned by tech giant Samsung Electronics (005930.KS) and Samsung C&T Corp (028260.KS), in which Lee is the top shareholder. Foreigners hold about 9 percent of the shares, according to data from the Korea Exchange. BioLogics Chief Executive Kim Tae-han, who is not a member of the controlling family, has been with Samsung Group since the beginning of his career in 1979. He became the CEO in 2011 after senior positions in the group-wide strategy office and the group’s chemical unit.
(Reuters) - US consumer credit reporting agency TransUnion (TRU.N) said on Wednesday Chief Executive Officer James Peck, who led the initial public offering of the company in 2015, will retire in May and be succeeded by Christopher Cartwright, Cartwright joined TransUnion in 2013 as vice president of the U.S, information services unit, while Peck served as the versace cufflinks company’s CEO for six years, Under Peck, TransUnion's enterprise value rose from around $3 billion in 2012 to over $16 billion, the company said in a statement here..