Twitter Faces Struggle to Convert Fame Into Revenue
Twitter posts weaker than expected earnings as fourth quarter sales miss Wall Street forecasts. CEO Jack Dorsey says world attention grows Twitter’s influence while ad dollars lag. analysts urge radical product overhaul to expand user base without alienating core users.
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San Francisco
Donald ‘Trump
Twitter
Jack Dorsey
Mark Mahaney
BBC Capital Markets
Stocks hit new highs as earnings lift markets
Strong earnings propelled United States stocks to record levels with banks and energy leading gains while utilities and materials lagged. The Dow rose 118.06 to 20172.40, the S&P 500 up 13.20 to 2307.87, and the Nasdaq added 32.73 to 5715.18, with the Russell 2000 up 15 percent to 1378.53. About 61 percent of S&P 500 firms have reported, indicating a 6.7 percent year over year earnings rise for the October December quarter.
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America
Washington D.C
Trump
Chris
Cornerstone Financial
S&p 500
S&p Global
Phil Blancato
Ladenburg Thalmann Asset Management
Coca-Cola shifts to branding as bottling sale advances
Coca-Cola Co reports a 55 percent drop in profit as global sales volume declines and it books charges from exiting manufacturing and distribution. The company accelerates refranchising, selling bottling operations to independents and focusing on branding and higher margin syrups.
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New York
Coca-Cola Co
Bernstein
Coke
Pepsi
North America
Coca-Cola
McDonald’s Corp
Yum Brands Inc
PepsiCo Inc
Duane Stanford
Beverage Digest
Stanford
Microsoft Wins Ruling in First Amendment Challenge to Data Secrecy
A Seattle judge let Microsoft’s lawsuit proceed challenging the 1986 law that requires secrecy when data is sought from third party providers. The ruling focuses on the First Amendment right to inform customers about government data demands while rejecting claims about unreasonable searches. The case moves toward trial with Microsoft arguing notice would boost cloud trust and law enforcement needs.
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Microsoft
Seattle
U.S
James Robart
Donald Trump
Robart
Simosoft
Stephen Rummage
Google
Facebook
Brad Smith
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