Huntsworth CEO Lord Chadlington said Monday morning that he is stepping down from the top job at the UK-based holding company. The politically connected Chadlington’s decision was announced after the umbrella group reported disappointing first-half revenues and he faced shareholder pressure over his pay package. Huntsworth owns and operates agencies Grayling, the Red Consultancy, Huntsworth Health, and Citigate Dewe Rogerson.
BuzzFeed has raised $50 million from Silicon Valley venture capital firm Andreessen Horowitz, bringing its total valuation to about $850 million. The round of funding will go towards potential acquisitions, developing an in-house technology incubator, and launching content sections.
1/Tonight I'm tickled pink to be able to talk about our new investment in Buzzfeed! http://t.co/dMA3nKLZL7— Marc Andreessen (@pmarca) August 11, 2014
NASCAR star Tony Stewart sat out a race on Sunday after his car struck and killed another driver who had stepped out of his own vehicle to confront Stewart during a Saturday night non-NASCAR race in Upstate New York. The sheriff for Ontario County, New York, where the incident took place, said there are no criminal charges pending against Stewart.
Rioting took place in St. Louis suburb Ferguson, Missouri, overnight after a candlelight vigil for Michael Brown, an unarmed teenager who was shot and killed by a police officer during a Saturday scuffle.
Microsoft is poking fun at Apple in its latest ads for the Surface Pro 3 tablet. One of the spots demonstrates a direct comparison between the Surface and Apple’s MacBook Air, while another shows off the product’s features.
General Motors’ motion to dismiss a lawsuit that claimed it concealed evidence about a faulty ignition switch in a Chevrolet Cobalt that allegedly led to a 2010 death was dismissed by a Georgia judge on Saturday.
Former Secretary of State Hillary Rodham Clinton took a critical line on the Obama administration’s approach to crises in Syria and Iraq, making a departure from her more supportive former comments on White House policy.
Hillary Clinton said President Obama's "failure" in Syria allowed for the rise of ISIS http://t.co/wil92KX1yS— TIME.com (@TIME) August 10, 2014