Mar 11, 2017

Uber hires veteran headhunting firm to find COO

AP File

Uber, which earlier this week said it will seek to hire a COO to help chief executive Travis Kalanick steer the ship, has settled on headhunting firm Heidrick & Struggles for the job, as Business Insider reported and Uber confirmed to Axios.

Track record: Heidrick & Struggles is responsible for the hiring of several high-profile executives, including Eric Schmidt as CEO of Google in 2001, and Satya Nadella as CEO of Microsoft in 2014.

The story has been corrected to show that Business Insider, not CNBC, first reported the news.

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Updated 47 mins ago - Politics & Policy

Trump administration to eliminate nuclear waivers tied to Iran deal

Pompeo testifies on Iran in February. Photo: Mark Wilson/Getty Images

The U.S. is ending waivers that had allowed foreign companies to work at Iran's civilian nuclear facilities, Secretary of State Mike Pompeo announced on Wednesday.

Why it matters: This will eliminate most elements of U.S. sanctions relief still in place two years after President Trump withdrew from the 2015 Iran nuclear deal. Pompeo said "continued nuclear escalation" made the move necessary, but critics warn it will encourage further Iranian enrichment.

Go deeper (1 min. read)Arrow47 mins ago - World

Top Senate Democrat says State Dept. is working on new Saudi arms deal

Secretary of State Mike Pompeo briefs reporters on May 20. Photo: Nicholas Kamm/pool/AFP via Getty Images

Senate Foreign Relations ranking member Bob Menendez (D-N.J.) wrote in a CNN op-ed on Wednesday that he learned that the State Department is currently working to sell thousands of additional precision-guided bombs to Saudi Arabia.

Why it matters: Democrats say that Steve Linick, the State Department inspector general who was ousted on Secretary of State Mike Pompeo's recommendation, was investigating the administration's previous effort to sell weapons to Saudi Arabia without congressional approval.

Go deeper (1 min. read)Arrow55 mins ago - Politics & Policy