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The plaintiffs claim Macy's fired them after they complained their managers ordered them to discriminate against Asian customers.
Whitman, the current CEO and president of HPE, is added to the board of the file storage company, which currently has a valuation of about $10 billion.
Even though PayPal is up 55% this year, BTIG suggests the pay-tech pioneer can boost revenues from Venmo and improve its credit business.
Immelt made the announcement in a post on Twitter.