Instagram has attracted more than 200,000 advertisers, company says
NEW YORK (Reuters) – Five months ago, Facebook Inc began trying to transform its picture-sharing app, Instagram, into a money-making business. Since then, Instagram has attracted more than 200,000 advertisers, the company announced Wednesday, a clear sign of its potential for significantly contributing to Facebook’s revenue.
Facebook launches ‘Reactions’ worldwide
(Reuters) – Facebook said on Wednesday that “Reactions”, an extension of the “Like” button, has now been rolled out worldwide.
Target’s comparable sales beat on demand for high-margin goods
(Reuters) – Target Corp reported quarterly comparable sales above analysts’ estimates, helped by strong demand for its signature high-margin categories, which include products for children and health and wellness items.
BP sees end in sight for oil glut, but impact will linger
BRUSSELS (Reuters) – Strong demand should start to cut into an oil glut around the end of this year, even as new Iranian supplies enter the market and doubts persist over whether major oil producers will reduce output, BP’s chief economist said on Wedn…
Goldman banker who advised on U.S. bond sale to Malaysia leaves
SINGAPORE (Reuters) – Goldman Sachs’ senior investment banker and chairman of its Southeast Asia business Tim Leissner has left the bank, a spokesman said.
BHP’s boss faces $11 billion dilemma as prices languish
SYDNEY/LONDON (Reuters) – The world’s largest miner BHP Billiton is sitting on an $11 billion cash pile and what CEO Andrew Mackenzie does with the money will be a critical test of his ability to invest during the industry’s worst downturn in decades.
Exclusive: New York asks SEC to force climate vote onto Exxon proxy
HOUSTON (Reuters) – New York state’s comptroller and four other Exxon Mobil shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, accor…
BlackBerry buys cyber security consultancy; moves deeper into services
BARCELONA/TORONTO (Reuters) – BlackBerry said on Wednesday that it has acquired U.K.-based cyber security consultancy Encription, moving the company deeper into the services business as it continues to morph into a more software-focused entity amid its…
Shares fall with oil prices, yen in demand
LONDON (Reuters) – Shares fell in Europe and Asia on Wednesday as oil prices dipped after Saudi Arabia effectively ruled out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold.
Honda aims for green cars to make up two-thirds of line-up by 2030
TOKYO (Reuters) – Honda Motor Co Ltd on Wednesday said it aimed for new-energy vehicles to account for two-thirds of its line-up by 2030 from around 5 percent now, as increasingly stringent global emissions regulations prompt automakers to make greener…
