Paw Print Rewind #045

Editor’s Note: This is the Paw Print Rewind, a daily recap of the top news headlines.

U.S. strikes Islamic State in Libya, killing 40 people

U.S. warplanes carried out airstrikes against Islamic State-linked militants in western Libya on Friday, killing as many as 40 people in an operation targeting a suspect linked to two deadly attacks last year in Tunisia.

According to the Pentagon, it targeted an Islamic State training camp and killed a Tunisian militant linked to major attacks on tourists in Tunisia.

According to Sabratha, Libya mayor Hussein Al-Thwadi, the planes struck at 3:30 a.m., hitting a building in the city’s Qasr Talil district. 41 people were killed, with six others being wounded.

According to municipal authorities, the air strikes targeted a house in a residential district about 5 miles west of the center.

“Destruction of the camp and Chouchane’s removal will eliminate an experienced facilitator and is expected to have an immediate on ISIL’s ability to facilitate its activities in Libya, including recruiting new ISIL members, establishing bases in Libya, and potentially planning external attacks on U.S. interests in the region.”

-The Pentagon

According to Thwadi, some Tunisians, a Jordanian, and two women are among the dead. Several Tunisians were among the survivors.

Ringing Bells briefly sells $4 smartphone before website crashes

Ringing Bells launched a $4 smartphone Thursday, before customer demand sent the Indian phonemaker’s website down hours later.

The Freedom 251 is being sold for 251 rupees ($3.66).

“We humbly submit that we are therefore taking a pause.”

-Ringing Bells, in an apology to customers

According to the company, they were receiving 600,000 hits per second to its website.

“It looks like it’s highly subsidized by the company and it’s not clear how they plan to sustain this.”

-Tarun Pathak, Counterpoint Technology Research analyst

Yahoo forms panel to explore strategic options

File photo of a Yahoo logo in front of a building in Rolle

Yahoo’s board has formed a committee of independent directors to explore strategic alternatives.

According to the company, the committee and its advisers are working on a process for reaching out to and engaging with potentially interested strategic and financial parties.

“It seems pretty clear that the only reason this is happening even is because of the threat of the proxy fight.”

-Brian Wiesel, Pivotal Research analyst

“I think a proxy fight would be the right thing to do.”

-Eric Jackson, SpringOwl Asset Management managing director

Citigroup exiting retail banking in Brazil, Argentina

People walk past the Citigroup headquarters in New York

Citigroup plans to exit its retail banking and credit card operations in Brazil, Argentina, and Colombia as part of its efforts to cut costs and boost profitability.

“We have decided to focus our efforts on opportunities with our institutional clients in these countries and throughout the wider region.”

-Michael Corbat, Citigroup CEO

The businesses being sold are part of its consumer banking operations and will be transferred to Citi Holdings, and will report financial results as part of Citi Holdings starting in the first quarter.

Citi Holdings holds all non-core assets that the bank is winding down or selling.

Amazon opening package locker network across Europe

Amazon Prime Air

Amazon wants to set up a network of package lockers across Europe to allow people to pick up their own orders.

These lockers already exist in the United States and Britain in places like shopping centers where customers key in a code to get their package.


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