News highlights for 7 December
REUTERS/Stig-Ake Jonsson/TT News Agency/File Photo
Ericsson staff cuts ahead of schedule
STOCKHOLM (Reuters) – Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Nordic home market were running ahead of plan, resulting in higher restructuring costs this year than previously forecast. Read more…
Turner expands partnership with Snapchat, will create more video content
(Reuters) – Turner Broadcasting System Inc will create more video content for mobile app Snapchat and collaborate with the social media company on advertising, Turner said on Wednesday, as they expand a partnership to broaden their reach among millennials. Read more…
Interpublic in spotlight in production rigging enquiry
Dec 7 (Reuters) – Advertising company Interpublic Group of Cos said on Wednesday that one of its standalone domestic agencies had been contacted by the Department of Justice’s (DoJ) antitrust division for documents regarding video production practices. Read more…
Pokemon Go developer and Sprint partner
(Reuters) – Sprint Corp said on Wednesday it would partner with the developer of Pokemon Go, Niantic Inc, in a bid to pull fans of the wildly popular location-based game into more than 10,500 of its stores in the United States. Read more…
Facebook must do better in stopping hate speech
ESSEN, Germany (Reuters) – A senior German conservative has warned Facebook it could face fines if it fails to act faster to tackle online hate speech, and he said the government could propose legislative measures in the new year. Read more…
Bitcoin not a meaningful part of Circle’s business, moving away
NEW YORK (Reuters) – U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business. Read more…
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