Ten things for PR pros to know Tuesday morning, 10.7.2014

Next Fifteen to buy Story Worldwide; Samsung reports profit drop; Turner cuts 10% of workforce; New Instagram COO to oversee comms.

Ten things for PR pros to know Tuesday morning, 10.7.2014

1. Next Fifteen, which owns and operates Text100, Bite, M Booth, and others, has agreed to acquire content marketing agency Story Worldwide, which has about 100 staffers in offices in Seattle and New York. The holding company paid about $6.6 million for the firm, the first advertising shop it has purchased.

2. Justice Department prosecutors are looking to file charges against at least one major financial institution by the end of the year as they investigate the role of banks in allegedly manipulating international financial markets. The feds believe several banks will ultimately plead guilty.

3. Microsoft and a group of organizations including educational publishers have promised not to misuse student data. The companies also pledged they will not behaviorally target students as young as kindergarteners with advertising.

4. Samsung said Tuesday that its operating profit for the July-through-September period was down nearly 60%, blaming weaker smartphone sales for the drop.

5. CNN parent company Turner Broadcasting said Monday that it will cut about 10% of its workforce, or about 1,475 positions. About 300 of the layoffs will directly affect the news network.   

6. Monday’s Supreme Court decision not to get involved in states’ gay-marriage cases will have bigger implications for the 2016 presidential race than the 2014 midterm elections, according to USA Today. One prominent gay-marriage opponent described his side as a David battling Goliath to NBC News.

7. Facebook VP of public policy Marne Levine has moved to Instragram to serve as its first COO. She will oversee day-to-day internal operations, HR, policy, and communications, according to Re/code.

8. The Department of Veterans Affairs said late Monday that it will fire four executives in connection with the national scandal over long wait times for patients seeking care.

9. President Barack Obama announced enhanced screenings for Ebola both in the US and overseas on Monday, the same day a Spanish nurse became the first person to contract the disease outside of Africa.

10. AT&T told about 1,600 customers that their data was accessed by an unauthorized employee, the latest in a string of high-profile corporate data breaches.

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