Disney says ‘Mulan’ plan a ‘one-off’ after posting $5B loss
By Alex After reporting an eye-popping $5 billion loss, Disney said it will release “Mulan” directly to the Disney+ as it looks to its budding streaming service to carry it …
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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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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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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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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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Coronavirus resurgence prompts Hong Kong Disneyland shutdown again
By Elisa Walt Disney is temporarily closing its Hong Kong Disneyland theme park from July 15 amid rising coronavirus cases in the Chinese-ruled city, the company said Monday. The announcement …
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Bitcoin scammers have reportedly swiped $24M this year
By Aitken Scammers and thieves supposedly made off with around $24 million in Bitcoin in the first six months of 2020, according to reports. Twitter bot Whale Alert, which tracks …
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