By Saqib Iqbal Ahmed NEW YORK (Reuters) – Dick Costolo’s decision to step down as Twitter Inc’s chief executive last week failed to stem the weeks-long slide in the company’s shares, but options traders appear to be betting on a near-term rebound. The stock has shed more than a third of its value since Twitter reported first-quarter results in April. On June 11, Costolo said he would resign as CEO
Twitter Inc will start curating tweets on live events, the microblogging service said, as it plans major changes to make its real-time news feed more user friendly. Dubbed Project Lightning, the changes will let users follow events instead of just people, and instantly upload photos and videos that can be shared across websites, social news and entertainment website Buzzfeed reported on Thursday. A team of editors will curate the most
By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co’s interactive unit is considering bringing Disney Infinity or other video games into the world of virtual reality. Adapting elements of current titles is one option the company is exploring, James Pitaro, president of Disney Interactive, said in an interview. Disney also might create new games specifically for VR or for another emerging platform known as augmented reality, he said.
Summer camps are opening their bunks, and stock traders are chanting Bill Murray’s dismissive rallying cry from that classic camp movie “Meatballs”: “It just doesn’t matter.”
Toyota Motor Corp moved into damage control mode on Friday after its new communications chief Julie Hamp, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain killers into Japan just two months after her appointment. Toyota President Akio Toyoda apologized for the incident at a news conference and reiterated the company’s belief that Hamp had no intent of breaking the law. Japanese media
Hershey is expected to cut about 300 jobs by the end of the year as it looks to simplify its operations. The candy maker also cut its revenue outlook for the year. The company has approximately 13,000 …
Russia is willing to consider giving financial aid to Greece, a Russian government official said Friday ahead of talks between the leaders of the two countries.
Asian shares outside Shanghai surged from the get-go on the final trading day of the week, as the impressive lead from Wall Street helped to sooth market jitters concerning Greece.
The European Union threatened to levy fines on Google Inc. that would be large enough to act as a deterrent after accusing the U.S. search-engine giant of squeezing out rivals in the comparison-shopping market. The EU’s competition watchdog told Google it could face a fine based on its AdWords revenue stemming from European users, according to a version of the statement of objections released to complainants and seen by Bloomberg.
Toyota Motor Corp. President Akio Toyoda said Friday he believes an American executive arrested on suspicion of importing a controlled drug into Japan had no intention of breaking the law. Julie Hamp, …
