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Being frank not enough, Twitter needs to act
July 29, 2015 2:10 PM EDTBy Abhirup Roy and Tenzin Pema
(Reuters) - Twitter Inc interim CEO Jack Dorsey's harsh criticism of the company's efforts to woo new users may just be the first step to addressing its long-standing problems.
But being frank is not enough, particularly for a social media company struggling to sign up subscribers.
Twitter needs to act fast - simplify its core product and organize news feeds better, analysts said.
Wall Street took a dim view of the management's commentary on a post-earnings call on Tuesday. At least 19 brokerages cut their price target on... More
Wall St higher ahead of Fed meeting
July 29, 2015 11:38 AM EDTBy Tanya Agrawal
(Reuters) - Wall Street was higher on Wednesday as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike.
Investors are focused on the outcome of the Fed's two-day policy meeting with markets divided on whether it will take a hawkish or dovish stance. No move on rates is expected this week.
In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a... More
