(Reuters) - Netflix Inc (NFLX.O) snagged 2 million more subscribers than Wall Street expected in the final three months of last year, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a...
WASHINGTON (Reuters) - Montana will sign contracts only with internet service providers that honor “net neutrality” firms, Governor Steve Bullock said on Monday, the latest effort by a state to undermine a Federal Communications Commission order rolling back rules introduced in 2015. Bul...
(Reuters) - Waymo, Alphabet Inc’s self-driving car unit, would start testing its self-driving vehicles in Atlanta, it said on Twitter on Monday. "Atlanta is a major hub for technology and innovation, and a natural fit for Waymo's testing program," Waymo said on Twitter. (bit.ly/2DyOp6W) With o...
(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its adjusted profit forecast for the current quarter and the full year, saying it expects its effective tax rate to decline “substantially” due to the recently enacted U.S. tax reforms. Adobe said it expects a charge...
(Reuters) - Netflix Inc (NFLX.O) snagged 8.33 million new streaming customers in the final quarter of last year - 2 million more than Wall Street expected - as the pioneering online video service kept pouring money into programming in a race to dominate internet television around the world. The resu...
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) is scrutinizing public companies that change their name or business model in a bid to capitalize upon the hype surrounding blockchain technology, SEC Chairman Jay Clayton said on Monday. Dozens of little-known companies across ...
(Reuters) - Photoshop maker Adobe Systems Inc (ADBE.O) on Monday lifted its forecast for yearly earnings per share, helped by new U.S. tax laws, saying it expects its effective tax rate to decline “substantially.” Adobe said it expects earnings of $6.20 per share for fiscal year 2018, up...
(Reuters) - Netflix Inc (NFLX.O) added more international subscribers than expected in the fourth quarter, as the video streaming service provider kept viewers hooked with critically acclaimed shows such as “The Crown” and “Stranger Things.” Netflix signed up 6.36 million sub...
(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason joined forces on Monday to push Xerox Corp (XRX.N) to explore strategic options, oust its “old guard”, including its CEO, and negotiate better terms for its decades-long deal with Japan’s Fujifilm. Icahn and Deason &ndash...
(Reuters) - Media mogul Rupert Murdoch on Monday called on Facebook to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies, amid efforts by the social media company to fight misinformation on its platform. “Facebook and Google have popularized...
(Reuters) - News Corp’s (NWSA.O) Rupert Murdoch on Monday called on Facebook Inc (FB.O) to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies. His remarks come days after Facebook Chief Executive Mark Zuckerberg said the social media company ...
(Reuters) - Intel Corp has asked computer makers to stop rolling out a set of faulty patches it issued to fix security flaws in its chips and instead start testing an updated version. The company said on Monday that it wanted computer manufacturers and data center owners to stop using the current fi...
(Reuters) - Hedge fund managers Carl Icahn and Darwin Deason demanded on Monday that Xerox Corp (XRX.N) explore strategic alternatives and said they would join forces to elect four new members to the board, prodding the company’s shares higher. Icahn and Deason, who together own over 15 percen...
STOCKHOLM (Reuters) - Nordea has forbidden all its roughly 31,000 employees from trading in cryptocurrencies such as bitcoin due to high risks, it said on Monday. The Nordic region’s biggest bank said the ban will be imposed from Feb. 28. “The risks are seen as too high and the protectio...
ZURICH (Reuters) - One of the top lawyers in the booming cryptocurrency industry says the legal structure he helped set up to raise funds for new virtual currencies is “old, inflexible and stupid” and may no longer be fit for purpose. The Swiss lawyer’s comments come as regulators ...
NEW YORK (Reuters) - More than 10 percent of funds raised through “initial coin offerings” are lost or stolen in hacker attacks, according to new research by Ernst & Young that delves into the risks of investing in cryptocurrency projects online. The professional services firm analyz...
SAN FRANCISCO (Reuters) - Business is booming for software and privacy experts as companies across the globe spend millions of dollars to comply with a landmark European data protection law, even as many uncertainties remain about how the rules will be enforced. The General Data Protection Regulatio...
PARIS (Reuters) - At his Paris workshop, haute couturier Julien Fournie is surveying the final tucks and tweaks to his outfits as models try on his hand-stitched silk gowns, bringing to life creations he first sketched on a tablet. Fournie is one of few designers trying to propel fashion into ...
MOSCOW (Reuters) - Two of Microsoft’s official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new U.S. sanctions, according to notifications circulated by the distributors. While much of the focus around U.S. sanctio...
(Reuters) - Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday. Icahn and Deason, who together own 15.7 p...
