Biz Break: Twitter to give employees up to 20 weeks paid parental leave

Top Of The Order: 

Maybe Take It Around Football Season: Well, now that Twitter is going to be live-streaming the National Football League’s Thursday night games this fall, the company is also making it easier for its employees who are new parents to watch those games without worrying about staying up too late for work the next day.

That’s because Twitter is giving new parents…mothers, fathers, parents who adopt…up to 20 weeks of fully paid leave for any full-time employee. The policy, which Jeffrey Siminoff, Twitter’s vice president of inclusion and diversity made public in an interview with Fortune, takes effect in the U.S. on May 1, and internationally by July 1.

Until now, Twitter had given mothers who had given birth up to 20 weeks of paid leave, but fathers and parents who adopted got a comparatively paltry 10 weeks of paid time off to be with their new children.

And if those parents play their cards right, they will be able to take their leave just in time for the NFL’s regular season this fall, which kicks off on Thursday, Sept. 8.

Middle Innings:

Out The Door At Intel: A couple of jobs just opened up at Intel. Well, technically, one of them isn’t available until the end of the year, but the point is that the world’s largest chip company is having  trouble keeping some of its top executives around.

Intel has told employees that Kirk Skaugen, who ran the company’s PC chip operations, has left to pursue an unnamed “next opportunity.” Meanwhile, Doug Davis, who heads up Intel’s Internet of Things business group, has said he will retire at the end of the year. The latest shakeup in Intel’s management comes amid reports that Aicha Evans, the leader of Intel’s mobile-phone chip business, may have quietly left the company.

There has been some speculation that the spate of departures from Intel may be tied to the company hiring Murthy Renduchinata, a former Qualcomm executive, to come in and run four of Intel’s engineering departments, and report directly to Chief Executive Brian Krzanich.

“This Song Is Not A Rebel Song…”: Bono, the lead singer of the band U2, hasn’t been doing much lately with Elevation Partners, the investment firm he co-founded more than a decade ago. Part of that might be because he’s in the studio working on a new album, and part of that reason may be simply that Elevation is still slowing down its operations after saying in 2014 that it wouldn’t raise another fund.

And that slowdown part is probably why two other Elevation co-founders are busy raising more than $100 million to start a new tech-financing company.

According to a report from Bloomberg, Elevation co-founders Fred Anderson and Avie Tevanian have raised the money to support their new venture, NextEquity Partners. Anderson, a former chief financial officer at Apple, and Tevanian, who retired as Apple’s software boss a few years ago. At Elevation, the partners were responsible for moves like buying $100 million worth of Facebook shares before the company went public, and also trying to support Palm (anybody remember Palm?) as a challenger to the iPhone.

Bono, meanwhile, has hopefully thought of a better way to promote whatever new album U2 produces than by automatically shoving it onto everyone’s iPhones when they aren’t expecting it.

Now, If You Turn Your Head And Look At It…: Have you seen the new HP logo, yet? If you have, can you find the “h” and the “p” there? Squint a little harder…There it is. Or, is it there?

HP brought out the logo as part of the launch of its new Spectre laptop, which HP said is now the world’s thinnest laptop computer. HP unveiled Spectre, and its $1,170 pricetag, in a video worthy of a computer named after a James Bond movie. Maybe “Goldfinger” or “Moonraker” were already taken.

Bottom Of The Lineup: 

Here’s a look at how some leading Silicon Valley stocks did Tuesday…

Movin’ On Up: Mobile-gaming company Glu Mobile rose 10.7 percent, and other gains came from SolarCity, NeoPhotonics, Brocade Communications and Tesla Motors.

In The Red: Natus Medical added to its previous-day’s losses by falling almost 7 percent. Decliners also included Palo Alto Networks, Ultratech and Genomic Health.

The SV150 Index of Silicon Valley’s biggest companies fell almost 1 percent to 1,617.

The tech-focused Nasdaq Composite Index also gave up nearly 1 percent to end the day at 4,843.

The blue chip Dow Jones Industrial Average shed 0.8 percent to finish the day at 17,603.

And the broad-based Standard & Poor’s 500 Index pared back by 1 percent to slip to 2,045.

Quote Of The Day: “Baseball, it is said, is only a game. True. And the Grand Canyon is only a hole in Arizona. Not all holes, or games, are created equal.” — George Will.

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Photo: Twitter icon from Twitter’s own Twitter page. (Bay Area News Group archives)


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