Disney shares are rising Friday as analysts are bullish on its upcoming internet video streaming services, despite the company’s earnings miss. The media giant reported weaker-than-expected fiscal fourth-quarter earnings Thursday. It generated earnings per share of $1.07 versus $1.12 Thomson Reuters consensus estimate. But analysts got excited after the company said it would price its […]
Read moreAmazon could face $28,000 in potential fines after an inspection by the state of Indiana found potential workplace safety violations at a warehouse where a 59-year-old worker was killed in late September. The Associated Press reported that the victim, Phillip Terry of Indianapolis, “was fatally crushed when a forklift’s lift fell on him while he […]
Read moreSingles Day, once a celebration for China’s lonely hearts and now the world’s biggest shopping spree, opens at midnight on Friday, with millions of shoppers eager to snap up cut-price deals. At a star-studded event in Shanghai, e-commerce giant Alibaba will count down the clock for the annual Nov. 11 event – a 24-hour extravaganza […]
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Not that long ago, General Electric was seen as the very model of corporate success, the American capitalist system in action under a sprawling umbrella of synergized interests. No more. As the company limps into its investor day presentation Monday, it has gone from a paradigm of success to a morass of excess. Where GE […]
Read moreImagine a crazy quilt-like patchwork of state regulations governing the internet – unquestionably, the most border-free platform ever known to humanity. It would be chaos, and a massive deterrent to investment, innovation, and growth. If you think this is “fake news” from the deep and dark corners of the dark web, you will be surprised […]
Read moreThe only Chinese social-media company to build a major network outside China will be taken over by a fast-growing Chinese upstart. Musical.ly, a video-based social network popular with teenagers in the United States and Europe, is being sold for between $800 million and $1 billion to Bytedance, the company that controls the Chinese news aggregator […]
Read moreAs Obamacare enrollment season begins, the number of Americans signing up for the health insurance coverage has been much higher than expected. That likely includes an overlooked segment of individual health-care buyers: America’s military veterans. Recent headlines make clear that after multiple failures to repeal Obamacare this year, the GOP has no plans to pull […]
Read moreMedia giants Disney and 21st Century Fox haven’t given up on the idea of combining movie and television production operations, CNBC’s David Faber said Friday. “Pencils aren’t down,” he said, citing sources. Shares of 21 Century Fox rose 4 percent in early trading Friday. Earlier this week, Faber broke the news that Disney had approached […]
Read moreEquifax executives will forego their 2017 bonuses in the wake of the company’s devastating cybersecurity incident, CEO Paulino Barros said on the company’s earnings call Friday. Barros said he and other executives would receive no incentive compensation “due to the impact of the cybersecurity incident.” Total incentive-based compensation, in the form of cash bonuses, accounted […]
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Bitcoin drops from record after upgrade called off, but offshoot 'bitcoin cash' surges more than 20%
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided […]
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