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Twitter CEO resigns, company drops 140 character limit
2015-06-12 09:03:00| Telecompaper Headlines
(Telecompaper) Twitter CEO Dick Costolo has announced his resignation, on the same day the company decided to end the 140 character limit on direct messages, Bloomberg resported. The resignation will take effect from 1 July. Co-founder Jack Dorsey will replace Costelo as interim, until a permanent replacement is found. Costolo came under fire from investors for failing to rejuvenate the service and for low customer uptake. He will leave without taking about USD 16 million in stock awards. The market welcomed the departure, with shares jumping in late trading. Dorsey's appointment signals the company will focus on improving its product, after a rake of leadership changes in the last five years. Direct Messages are different from tweets in that they are only visible between individual users. The change in the number of allowed characters will come next month.
Tags: company
limit
character
ceo
US oil and natural gas rig count drops by 7 to 868
2015-06-05 21:10:22| Oil & Gas - Topix.net
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by seven this week to 868. Houston-based Baker Hughes said Friday 642 rigs were seeking oil and 222 explored for natural gas.
US oil and natural gas rig count drops by 10 to 875
2015-05-29 23:18:58| Oil & Gas - Topix.net
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875. Houston-based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas.
Activist investor drops proxy fight against Perry Ellis
2015-05-26 18:24:14| Apparel - Topix.net
An activist investor group dropped a bid to run its own candidates for the board of Perry Ellis International on Tuesday, ending a year-long proxy fight at the Doral-based retailer. Legion Partners Holdings, a California-based hedge fund, had criticized the company for poor earnings and a lack of independent oversight from its corporate board.
Tags: fight
investor
proxy
drops
Short Interest in Petroleo Brasileiro Petrobras SA Drops By 8.8%
2015-05-25 09:23:56| Apparel - Topix.net
Shares of Petroleo Brasileiro Petrobras SA saw a large decline in short interest in April. As of April 30th, there was short interest totalling 133,222,388 shares, a decline of 8.8% from the April 15th total of 146,057,516 shares, AR Network reports.
Tags: short
interest
drops
petrobras
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