Tag "3"
Saudi Arabia’s Prince Alwaleed bin Talal, one of Twitter’s earlier investors, told Reuters he believed Jack Dorsey would bring continuity to the social messaging firm and he would back him if he wished to become chief executive permanently. Dorsey, a co-founder of Twitter, was named interim head last Thursday after Chief Executive Dick Costolo abruptly announced he was stepping down effective July 1. In a written statement to Reuters, Alwaleed
Belgium’s privacy watchdog has begun legal action against Facebook, accusing the social network site of tracking its users across the web and even monitoring the activities of those without an account. The independent Privacy Commission, which is working with German, Dutch, French and Spanish counterparts, accused Facebook last month of trampling on European privacy laws after trying to find out more about the U.S. social media giant’s practices. “We did
By Foo Yun Chee and Jean-Baptiste Vey PARIS (Reuters) – Europe’s anti-trust chief warned Amazon on Monday against using its dominance to thwart rivals, a week after launching an investigation into the U.S. online retailer’s ebook deals with publishers. European Competition Commissioner Margrethe Vestager announced last week she would examine whether clauses in Amazon’s contracts prevent publishers from offering more favorable deals to competitors. Ebooks are a fast-growing industry and
By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc’s next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week’s management shakeup – helping disaffected advertisers connect with users. Twitter’s outgoing chief executive, Dick Costolo, resigned abruptly Thursday amid pressure from investors to increase the user base and improve what’s known as direct response advertising, the most lucrative type on the microblogging
U.S. stocks traded about 1 percent lower on Monday, following a decline in European equities on the collapse of weekend talks between Greece and its creditors.
Gun maker Colt Defense LLC filed for chapter 11 bankruptcy late Sunday, allowing for a quicker sale of operations in the U.S. and Canada. In its filing, the company estimated that it owes up to $500 million …
Pot may be legal in Colorado, but you can still be fired for using it. The state Supreme Court ruled Monday that a medical marijuana patient who was fired after failing a drug test cannot get his job back. …
Lumber Liquidators Holdings Inc terminated the employment of its chief merchandising officer, making him the latest top-level executive to leave the wood floorings retailer amid allegations it sourced laminates from China that contained excessive levels of a known carcinogen. Chief Executive Robert Lynch resigned in May, while CFO Daniel Terrell quit in April. The company said on Monday that Chief Merchandising Officer William Schlegel would leave on June 19.
U.S. homebuilders’ are feeling more confident about their sales prospects than they have been since last fall, while their outlook for sales over the next six months is at the highest level in 10 years. …
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