Two weeks after scrapping its Galaxy Note 7, Samsung revealed a big hit to its bottom line, pledged a widening investigation into the phone’s problems and elevated heir apparent Lee Jae-yong to his first board seat.
Twitter posted another quarter of slowing growth Thursday and said it would slash 9% of its global workforce, in its first report since recent takeover interest from potential suitors including Salesforce dissipated.
Target is increasing its spending on Spanish-language television ads this holiday season and taking Hispanics into account in its general marketing strategy, rather than making a separate plan as it has done in the past.
The U.K. economy slowed only slightly in the three months following voters’ decision to exit the European Union, according to an official estimate that confirms the U.K. weathered the surprise referendum result better than many expected.
Some Tata Group companies said the valuation of their operations were accurate and audited, in response to a letter from the conglomerate’s former chairman suggesting they could face nearly $18 billion in write-downs.