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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Oct 28, 2016
Page
5
Twitter plans to lay off more than 300 of its 3,860 employees and end Vine, the looping video app launched in 2013. CEO Jack Dorsey said the firm will take 10 to 20 million dollars in charges, while pursuing long term growth and live video deals like NFL games.
The FCC approved privacy rules requiring ISPs like Comcast AT&T and Verizon to obtain user consent before using or sharing data for ads. The changes aim to curb precise location and interest tracking while letting some non private data be used with opt out. Critics say the rules favor Google and Facebook and may hinder telecom ad strategies tied to Time Warner HBO and AOL acquisitions. The measure passed 3-2 though industry groups call it complex and uneven.
The Marijuana Policy Group finds Colorado’s legal cannabis sector created over 18,000 full time jobs and generated 2.4 billion dollars in economic activity in 2015. The report notes nearly 1 billion in retail sales and spillover demand for local goods and services.
Ford Motor Co faces a difficult third quarter as U.S. sales slow, a large recall hits costs, and new heavy duty pickups lag. Net income fell 56 percent to $957 million, or 24 cents a share, below last year’s 55 cents. Adjusted 26 cents beat expectations. Plant shutdowns in North America and plans for more cuts hit near term outlook. CEO Mark Fields cites realism over optimism. North America remains Ford’s cash cow amid history of strong profits.
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