Trump's pardon blitz keeps ex-Google exec out of prison
Trump's surprise pardon of Anthony Levandowski enables him to avoid serving an 18-month sentence in federal prison that U.S. District Judge William Alsup left no doubt last summer he believed was warranted. In a statement about Levandowski’s pardon, the Trump administration cited other comments that Alsup made about the engineers brilliant mind. A hearing on the timing of Levandowski's prison sentence had been scheduled for Feb. 9. Masters and Petersen didn’t immediate respond to a request for comment about their reasons for supporting Levandowski’s pardon. Ehrlich, Ramsey and Craig didn’t immediately respond to requests for comment about their support for a Levandowski pardon or the money owed by their client.
Trump pardons Anthony Levandowski, the engineer sentenced to prison for stealing trade secrets from Google
Former Uber engineer Anthony Levandowski leaves the federal court after his arraignment hearing in San JosePresident Donald Trump has pardoned Anthony Levandowski, the former Google engineer sentenced to prison for stealing trade secrets relating to driverless cars from the search giant. On Wednesday, Levandowksi was among dozens of individuals who received a full pardon from Trump on his last night in the White House. In August, Levandowski was sentenced to 18 months in prison for stealing trade secrets. Google's self-driving car unit Waymo then accused Uber of using those trade secrets in its driverless car technology, which Uber denied. Trump gave Levandowski a full pardon, calling him "an American entrepreneur who led Google's efforts to create self-driving technology."cnbc.com
Uber, hard-hit by pandemic, sells its robot-vehicle division
SAN RAMON, Calif. – Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber's Advanced Technologies Group in an stock transaction, the companies said Monday. Uber will also invest $400 million into Aurora, and Uber's CEO Dara Khosrowshahi will join Aurora's board of directors. After the transaction, Aurora will be worth $10 billion and Uber will hold 26% stake in the company, Aurora CEO Chris Urmson said in an interview. San Francisco-based Uber will lose a critical piece of its company after the pandemic cut into its finances by suppressing demand for shared rides.
Former Uber self-driving head Levandowski agrees to plea deal over Google secrets
Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber. He will serve no more than 30 months in prison as part of an agreement with federal prosecutors in one of the most well-known corporate disputes in recent Silicon Valley history. "Mr. Levandowski accepts responsibility and is looking forward to resolving this matter," his attorney, Miles Ehrlich, said in a statement. The U.S. attorney's office in San Francisco did not immediately respond to a request for comment.cnbc.com
Stocks making the biggest moves midday: American Airlines, Apple, Uber, FireEye & more
(Photo by John Tlumacki/The Boston Globe via Getty Images)Check out the companies making headlines in midday trading on Thursday:American Airlines Shares of American Airlines plunged 11%, leading drops among top U.S. airlines as travel declines from the coronavirus outbreak continue to worsen. Following American's decline, United Airlines fell 9%, Delta Airlines fell 8% and Southwest Airlines fell nearly 5%. Apple Shares of the iPhone-maker fell nearly 3% after key supplier Foxconn reported its biggest year-over-year revenue drop since 2013. Zoom Video Shares of Zoom rose nearly 9% after the videoconferencing software company reported earnings and guidance that beat analysts' expectations. Kroger reported earnings of 57 cents per share on revenue of $28.893 billion.cnbc.com
Ex-Uber self-driving head Levandowski declares bankruptcy after $179 million loss to Google
The former head of Uber's self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet unit. He has $50 million to $100 million in estimated assets, compared with $100 million to $500 million in liabilities, according to his filing. Ron, who remains at Uber, settled with Google for $9.7 million last month, and Alphabet's self-driving unit Waymo confirmed on Wednesday that Uber had paid the full amount that Ron owed. It was known that Levandowski could owe $127 million, but previously undisclosed interest and attorneys' fees were later included. The arbitration victory was the latest for Google and its self-driving tech spin-off Waymo in a multi-pronged legal battle with Uber.cnbc.com