Executive Exodus At Twitter

Sponsored by   EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse   Executive Exodus At Twitter The social media giant’s CEO, Jack Dorsey, confirmed the departure of senior executives, after reports emerged Sunday that the exit of Twitter’s head of media, product head and the chief of its engineering division were to be announced Monday. The company is under increasing pressure to boost ad revenue and grow its user base, after suffering anemic user growth in 2015. You Want Fries With Your Tech Earnings? Apple, Facebook, Microsoft and Amazon will all be reporting fourth-quarter earnings this week, as well as giving investors a cue on their expectations for 2016, which has gotten off to a volatile start. Monday’s big report, however, is from McDonald’s, which is expected to report unadjusted earnings per share of $1.23 on $1.14 billion in profit, up from $1.13 on $1.1 billion in the same period last year. East Coast Gets Back To Work After Blizzard While New York emerged with relative ease from storm Jonas, with travel restrictions already lifted and business returning to normal in some districts, other areas are still facing the prospect of a lot of digging before life can get back to normal. Federal government offices in Washington will remain closed Monday, along with local government offices and public schools in the District of Columbia and its Maryland and Virginia suburbs. Virginia and Maryland state offices also were ordered closed. $20 Billion Deal Mooted Between Johnson Controls, Tyco A deal between Johnson, which manufactures car batteries and heating equipment, and Tyco, which produces fire suppression and security systems, could be announced as soon as Monday. A deal between Tyco and Johnson, which have market capitalizations of $13 billion and $23 billion respectively, would provide the clearest indication yet that the recent market volatility has not derailed strategic mergers from advancing. HERE'S WHAT YOU MISSED LAST NIGHT. Adidas To End IAAF Sponsorship Deal Over Doping The German sportswear manufacturer, international athletics’ biggest sponsor, is to quit its sponsorship deal four years early. According to a BBC report, the doping scandal engulfing the sport was directly responsible for the company’s decision, which will result in tens of millions of dollars in lost income for the IAAF. Japan's Annual Trade Deficit Narrows Japan recorded a trade deficit for the fifth straight year in 2015, but the deficit narrowed 78 percent over 2014 as lower oil prices pushed down import costs and a weaker yen helped spur a modest increase in exports. Preliminary figures released Monday by Japan’s finance ministry showed that the value of exports rose 3.5 percent in 2015 from the year before, while imports dropped 8.7 percent. Asia Stocks Extend Global Rally Asian shares headed higher Monday after oil soared 10 percent Friday and investors speculated the U.S. Federal Reserve and the Bank of Japan will take steps in their meetings this week to calm markets after a turbulent start for the year. The ASX 200 in Australia rose for a third day, gaining 1 percent. The STI in Singapore climbed 1.7 percent, the KOSPI in South Korea rose 0.5 percent and shares in Shenzhen added 1.3 percent. Egypt Silences Dissent On Anniversary Of Uprising Activists have been rounded up, protesting has been outlawed and new surveillance technology has been installed around Tahrir Square, the epicenter of the revolution that toppled Hosni Mubarak in 2011. The country’s current leader, Abdel Fattah el-Sisi, has ordered a crackdown against opponents in hopes of preventing similar protests from sprouting.   7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add pulse@ibt-mail.com to your contacts Unsubscribe | Privacy Policy