News highlights for 10 November
Adam Bain REUTERS/Noah Berger (UNITED STATES – Tags: BUSINESS PORTRAIT) – RTR35XYI
Twitter adds to its woes as COO explores other opportunities
SAN FRANCISCO (Reuters) – Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user growth, is leaving to explore other opportunities. Read more…
US automakers get a jolt as Mexican supply chain in doubt
(Reuters) – The election of Republican Donald Trump as U.S. president put new pressure on automakers and other manufacturers that depend on open trade with Mexico. Shares fell for U.S. automakers and suppliers, which rely heavily on production in Mexico to feed their U.S. manufacturing and sales operations. Read more…
Viacom disappoints, more falling ad sales
Nov 9 (Reuters) – Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, reported lower-than-expected quarterly revenue on Wednesday, weighed down by a decline in domestic advertising sales and the absence of hits from its Paramount film studio. Read more…
Samsung adds to board to pacify investors
SEOUL (Reuters) – Jay Y. Lee, de facto head of South Korea’s sprawling Samsung Group, accelerated taking a board seat at flagship unit Samsung Electronics partly because of investor pressure to improve governance, two people familiar with the matter said. Read more…
Boardroom battle at Indian software services giant
MUMBAI (Reuters) – Tata Consultancy Services (TCS), India’s No. 1 software services firm by revenue, ousted Cyrus Mistry as chairman on Thursday, escalating a battle between the Tata group and Mistry who was also sacked as chairman of TCS’s parent last month. Read more…
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