Twitter bans ads from Russia Today and Sputnik
Twitter bans all advertising from Russia Today and Sputnik effective immediately citing retrospective 2016 election work. The firm will donate about 1.9 million dollars earned from RT global advertising since 2011 to external research funds on civic engagement and elections. RT claims Twitter pressured a large ad buy for the 2016 election.
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UPS profits rise on e commerce push ahead of holidays
United Parcel Service reports a 2 percent rise in revenue per U S package in Q3, more than doubling year-ago gains after price hikes and new fees on oversize items. The carrier cites investments in automated warehouses new jets and upgraded tech as drivers of higher margins amid booming consumer online shopping.
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Target trims promotions as holiday plan shifts
Target says it will reduce the number of promotions after a disappointing season and broaden giftable assortments while expanding its marketing beyond families. Chief merchant Mark Tritton notes a simpler, more balanced mix with meaningful promotions on Black Friday and Cyber Monday and a daily low pricing drumbeat across thousands of items. Analysts caution the balance between value and excitement as Target leans into its Run and Done campaign and avoids a holiday-only focus amid a 1.3 percent holiday sales dip last year.
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