The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
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Waymo will launch a commercial self-driving car service in the Phoenix area before the end of the year, says CEO John Krafcik. The venture, which pushes Waymo to the front of the driverless car race, will first be open to a small group of people. Krafcik added that businesses like Walmart and Avis were also willing to pay the service to transport their customers. Waymo, a subsidiary of Alphabet, announced deals earlier this year to purchase thousands of vehicles from Fiat Chrysler and Jaguar Land Rover. • Here’s what people are saying.
Starbucks plans to cut 5% of its corporate workers in an effort to boost profits. Most of the affected jobs — about 350 — will be cut from the company’s Seattle headquarters. The layoffs are part of broader changes at the coffee chain as it battles slowing sales, with customers turning to healthier food and drink options. Starbucks says it’s focusing on innovation and bringing new products to stores. • Here’s what people are saying.
General Electric plans to offload up to 20% of its majority share in oil-services company Baker Hughes as it seeks to raise cash. The move comes amid investor concern over the conglomerate’s “high debt load.” The sale will generate roughly $4 billion for GE, which must maintain a majority stake in the unit until July 2019 as part of the original deal to buy it. • Here’s what people are saying.
E-cigarette maker Juul Labs says it will quit social media, where its ability to advertise has helped fuel a meteoric rise in popularity among teens. The announcement that it would shutter its Instagram and Facebook accounts came as the company pulled popular flavors from retail store shelves — although still available online — following reports that the U.S. Food and Drug Administration was planning to do so. • Here’s what people are saying.
The number of international students joining U.S. universities is falling, with 6.6% fewer enrollments in 2017-2018, says the Institute of International Education. That already follows a drop of 3.3% the previous year. The growing appeal of other English-speaking countries have contributed to the decline. Universities rely on foreign students to plug in the gaps left by the dwindling numbers of Americans graduating from school — and it’s big business, worth $42 billion this year alone. • Here’s what people are saying.
Idea of the Day: Don’t let a busy work schedule stop you from doing the things you really want to do, says Big Red Group founder and entrepreneur Naomi Simson.
“We talk about a ‘bucket list’ as if it is a one day, someday, maybe thing. But today is the day to reflect on the list and book it in with the people who are most important to you.”
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