Discovery Communications wants to become the “sports Netflix” for the European audience, said CEO David Zaslav. “ESPN is really just in the U.S., so we actually look at ESPN as an opportunity,” Zaslav told CNBC’s “Power Lunch” on Tuesday. “There are sometimes things that we could look at together, because we’re all of Europe, which […]
Read moreThe Blue Oval is getting a makeover. Ford CEO Jim Hackett and his leadership team are steering the automaker to drive greater profits on its most valuable products, trucks and SUVs, while turning away from less valuable areas like cars. At the same time, Ford plans to aggressively cut costs while investing more resources on […]
Read moreAllowing foreign governments to require reviews of software secrets of technology products built by U.S. companies is “problematic,” the top White House cyber security official said on Tuesday, adding that the increasingly common arrangements presented both security and intellectual property risks. Rob Joyce, the White House cyber security coordinator, said that letting countries inspect source […]
Read moreRoku’s post-IPO honeymoon appears to be over. Shares of the video streaming company fell 12 percent on Tuesday to $20.81 after dropping more than 11 percent on Monday. The stock has lost 30 percent of its value since reaching a high of $29.80 on Friday. Investors celebrated the IPO last week, lifting Roku shares up […]
Read moreAmazon has acquired Body Labs, a start-up that specializes in 3D body scanning and modeling, according to TechCrunch. The report cited two sources familiar with the matter. One said Amazon spent between $50 million and $70 million in the deal and the other said it could be over $100 million. Body Labs has raised over […]
Read moreUber’s new CEO, Dara Khosrowshahi, has his hands full. In addition to cleaning up the mess of the last year and trying to repair a notoriously fractured board, he’s had new crises on his hands like a federal probe into bribery allegations and Uber losing its license to operate in London. And he’s also beginning […]
Read moreOn Tuesday, the head of Goldman Sachs joined the fray of Wall Street leaders to comment on digital currency bitcoin — and he’s undecided. I’m “still thinking about #Bitcoin,” Lloyd Blankfein, chairman and CEO of Goldman Sachs, said in a tweet. I have “no conclusion. [I’m] not endorsing/rejecting.” I “know that folks also were skeptical […]
Read moreTarget‘s launch of a fresh curbside pick-up service in its hometown of Minneapolis-St. Paul isn’t the retailer’s first attempt to master an increasingly popular way of shopping. The new pilot program, called “Drive Up,” will bring orders straight to shoppers’ cars after they ring up purchases either through Target’s app or website. Shoppers tell their […]
Read moreBillionaire entrepreneur Laurene Powell Jobs took a 20 percent stake in Washington sports empire Monument Sports and Entertainment, according to The Washington Post on Tuesday. People familiar with deal said Jobs’ stake would be the second largest in Monument, behind only CEO Ted Leonsis, the Washington Post reported. Jobs’ portion of Monument, with a total […]
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A start-up called Fortem Tech has developed a drone-hunting drone to pull trespassing out of the sky with a net, while keeping onlookers safe below. According to FAA forecasts, nearly 7 million drones will be sold in the U.S. by 2020. Most people want to use unmanned aerial vehicles for good reasons, like gathering data […]
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