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Microsoft votes against gender pay gap proposal

Bloomberg Microsoft Corp shareholders voted against a proposal calling for the company to report more information on gaps in employee pay, ranked according to gender and race. Less than 30% of shares represented voted in favour of the measure at Microsoft’s annual meeting. Arjuna Capital, which praised progress the company has made, tabled a measure calling for it to give ...

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TikTok craze is minting celebrities and ruining lives in India

Bloomberg Arpita Chaudhary, a newly recruited police constable in India’s western Gujarat state, became an overnight celebrity after posting a clip of her 15-second gambol — clad in her civvies — on the smash-hit social video app, TikTok. Then she paid the price. A snippet of her gyrating to a Bollywood song against the backdrop of a prison cell went ...

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US discusses Goldman-1MDB settlement below $2 billion

Bloomberg Goldman Sachs Group Inc could end up paying less than $2 billion to resolve US criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, said three people familiar with the negotiations. The justice department and other federal agencies, in internal discussions held in recent weeks, have weighed seeking penalties between $1.5 billion ...

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