Twitter plans longer tweets over 140 characters
News on Re/code reports Twitter is developing a feature to allow tweets longer than 140 characters while direct messages already exceed the limit. Ralph Lauren steps down as CEO but remains involved as Executive Chairman and Chief Creative Officer. Stefan Larsson named new CEO, reporting to Lauren with continued strategic influence.
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Old Navy
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Consumers shrug at market volatility boosts sentiment
Consumer confidence rose to 103 in September from 101.3 in August driven by views of current conditions. Gasoline price declines aided the mood despite stock volatility and a slowing job market. The index marks the strongest reading since January and economists had anticipated a fall to 97. The data numbered 15,900 in the report.
Biggest Tech IPOs Now Giant Flops Highlighting IPO Risks
A USA TODAY style briefing notes that Alibaba Facebook Twitter Zynga Groupon and Google's IPOs have underperformed their prices over the first year. It warns investors about post IPO shares in Uber and Square while citing market lag versus the Nasdaq and growth prospects amid competition from Tencent and JD.com.
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NHTSA accuses Fiat Chrysler of under reporting crash deaths
The NHTSA says Fiat Chrysler under reported deaths and injuries in recalls, raising possible further penalties. The agency had already levied up to 105 million dollars for recall failures covering 23 recalls and over 11 million vehicles from 2008 to 2012. It was unclear if the under reporting relates to those recalls or other incidents.
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Rosekind
Axel Springer bets 343M on Business Insider buyout
Axel Springer to acquire an 88 percent stake in Business Insider for 343 million, valuing the site at 390 million. Founder Henry Blodget remains CEO and editor in chief as Jeff Bezos's investment firm holds 3 percent. The deal expands BI's global reach and signals rising digital journalism valuations.
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