Sony predicts 40 percent profit drop in film and TV division
By Steigrad Sony said it expects to log a 40 percent decline in full-year profit at its film and TV studio unit due to the pandemic. That’s marks a revision …
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Facebook to showcase music videos after inking deal with record labels
By Manskar Facebook has inked deals with music giants that will let its billions of users watch hit music videos alongside viral cat clips and political rants, company officials said. …
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Microsoft eyes TikTok purchase as Trump cracks down on China app
By Vega Microsoft is in talks to acquire TikTok, the immensely popular social media app known for its fun short-form videos, in a move that could prevent the Trump administration …
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Royal Caribbean drops ‘cruises’ from company name
By Manskar The Royal Caribbean cruise conglomerate has dropped the word “cruises” from its name as the industry takes a beating from the coronavirus pandemic. The Miami-based travel company announced …
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A day after Congressional grilling, big tech stocks add $250 billion
By Elissa A day after their leaders faced five hours of interrogation in Congress over allegations their power and influence is out of control, four of the biggest American tech …
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Sandy Hook parents warn Jamie Dimon not to protect bankrupt Remington
By Mcenery Sandy Hook parents are warning JPMorgan CEO Jamie Dimon to stay out of their way as they continue their lawsuit against gunmaker Remington, which filed for bankruptcy protection …
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Jeff Bezos will admit Amazon should be scrutinized before Congress
By Lapin Amazon CEO Jeff Bezos will admit that his company should be scrutinized when he testifies before the House Judiciary Committee’s antitrust panel on Wednesday. But the tech mogul …
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Olivia de Havilland, Hollywood icon and ‘Gone With the Wind’ star, dead at 104
By Brown Hollywood icon Olivia de Havilland — the Oscar-winning star of timeless classics including “Gone With the Wind” and “The Adventures of Robin Hood” — died Sunday, according to …
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Amazon, Google and Wish finally remove Neo-Nazi products from sites
By Froelich Tech giants Amazon, Google and Wish have finally removed Neo-Nazi and white supremacist products sold on their sites after an investigation led by the BBC. While all three …
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Goldman Sachs reaches $3.9B settlement with Malaysia over 1MDB scandal
By Manskar Goldman Sachs has reached a $3.9 billion settlement deal with Malaysia over its role in the massive 1MDB financial scandal, officials said Friday. The banking giant agreed to …
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Over 1,000 Twitter employees had access to hacked accounts
By Vega More than a thousand Twitter employees had access to the tools that allowed hackers to gain access to the accounts of Barack Obama, Bill Gates, Elon Musk and …
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US investors eye buying TikTok from Chinese parent company: report
By Vega A group of US investors in TikTok parent company ByteDance are reportedly discussing a plan to save the embattled app by buying it. The investors, including Silicon Valley …
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Bill Ackman: ‘I really blame CNBC’ for ‘Hell is coming’ controversy
By Mcenery Bill Ackman lashed out at CNBC on Wednesday after anchors prodded him about his controversial appearance on the cable network this spring during the early days of the …
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Trump campaign says ‘TikTok is spying on you’ in new Facebook ads
By Vega Donald Trump’s re-election campaign is turning up the heat on TikTok. The campaign this week ran ads on Facebook claiming that the wildly popular, Chinese-owned social-media app is …
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Coca-Cola earnings: Sales plunge 28 percent amid coronavirus lockdown
By Manskar Coca-Cola’s global sales plummeted 28 percent in the second quarter as coronavirus lockdowns continued to crimp consumption, the company said Tuesday. The soft drink giant said pressure on “away-from-home …
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Justin Bieber can subpoena Twitter to turn over sexual assault accusers, judge rules
By Bennett Two women who used Twitter to anonymously accuse Justin Bieber of sexual assault may be identified after a judge ruled that the star is allowed to subpoena the …
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TikTok removes thousands of European coronavirus videos
By Manskar TikTok says it took down some 29,000 coronavirus videos in Europe from January to June as it worked to control bogus information about the pandemic. The affected videos …
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Netflix names Ted Sarandos co-CEO as stock tanks on slowing growth
By Steigrad Netflix said it tapped its longtime content chief Ted Sarandos to run the streaming giant alongside its founder Reed Hastings — just in time to deal with fears …
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UnitedHealth profit surged 102 percent – but elective-surgery costs loom
By Alisa UnitedHealth Group on Wednesday warned of rising costs later this year as Americans catch up on less urgent surgeries delayed by the coronavirus pandemic but stuck to its …
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Apple wins landmark battle with EU over $15 billion tax bill
By Nicholas Apple on Wednesday was handed a major victory by Europe’s second-highest court, which rejected a European Union order for the tech giant to pay $15 billion in back …
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