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Mentoring and networking advice aren’t enough to solve the industry’s dismal diversity numbers, say business leaders: Firms need to “Make the hire. Send the wire.”


Key Points DoorDash and Airbnb saw massive jumps in their stock prices during their first days of trading last week. Verishop CEO Imran Khan said the recent IPOs showed an extreme level of incompetence from their investment bankers. “A lot of people are losing confidence on the IPO process,” he said. When DoorDash and Airbnb

U.S. Commerce Secretary Wilbur Ross held out hope on Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade toolbox” to boost exports. The U.S. government trade lender has been hobbled for the better part of two years by conservative Republicans in Congress

Wall Street’s major indexes ended slightly higher but well off session highs as investors grew nervous about a meeting between China’s President Xi Jinping and U.S. President Donald Trump. The Dow Jones Industrial Average .DJI rose 14.87 points, or 0.07 percent, to 20,663.02, the S&P 500 .SPX gained 4.54 points, or 0.19 percent, to 2,357.49

BP shareholders have rejected a pay package of almost £14m for chief executive Bob Dudley at the oil company’s annual general meeting. Just over 59% of investors rejected Mr Dudley’s 20% increase, one of the largest rejections to date of a corporate pay deal in the UK. The vote is non-binding on BP, but earlier,

BP has cut the annual pay award for its chief executive, Bob Dudley, by 40%. His pay package in 2016 was worth $11.6m (£9.3m), down from $19.4m in 2015. It follows a rebellion by shareholders, who last year voted against Mr Dudley’s 2015 pay award. The rebellion prompted BP to review its pay policy. It

New applications for U.S. unemployment benefits recorded their biggest drop in nearly two years last week, pointing to a further tightening in the labor market. Initial claims for state unemployment benefits declined 25,000 to a seasonally adjusted 234,000 for the week ended April 1, the Labor Department said on Thursday. The drop was the largest