Why Nike’s CIO quit, Sony exec sorry for rude emails, China’s Baidu buys into Uber

THE FORTUNE DAILY Friday, December 12, 2014

Nike just lost its CIO because of Portland What looked like a surprising and abrupt departure by a rising star executive had little to do with the company, Fortune has learned.

Sony exec, producer apologize after insensitive emails Sony Pictures Entertainment Chair Amy Pascal and Oscar-winning producer Scott Rudin have both issued apologies after Sony's massive corporate hack revealed an email exchange of the two making distasteful jokes about President Obama.

Chinese search giant Baidu to invest in Uber The move could provide the company with a powerful partner in China, a market where its presence is so far limited to a few big cities.

Oil slides to new lows as IEA highlights risks to producer countries Fewer petrodollars to recycle means a quasi-tax hike for countries in OPEC, and for producers like Russia.

Fiat-Chrysler red lights rumor that Ferrari will move out of Italy The automaker refuted the idea that its Italian sports car brand would flee for lower taxes elsewhere.

By Erin Griffith Twitter co-founder Evan Williams: 'I don't give a shit' if Instagram has more users In an interview, Evan Williams doesn't mince words comparing Twitter to Facebook-owned Instagram.

By Caroline Fairchild Can this company prevent sexual assaults on college campuses? Online education firm EverFi reaches 550,000 freshman students a year — including students at University of Virginia — with its online tutorial on sexual violence.

By Jennifer Reingold One woman's unlikely path to a $100 million company Instead of taking more VC money, 1-Page became the first Silicon Valley company to get listed on the Australian Stock Exchange.

Wal-Mart is cutting iPhone 6 prices

Oil, Uber's partner and Japan's butter crisis — 5 things to know today

Neither rate hikes nor Putin's diplomacy can stop ruble slide

Scion and MINI: The best of times, the worst of times

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