Edition:
United Kingdom

Neha Malara

Higher U.S. ad revenue helps Viacom beat profit estimates, shares gain

14 Nov 2019

Viacom Inc , the owner of MTV, Nickelodeon and Comedy Central cable networks, beat analysts' estimates for quarterly profit on Thursday as domestic advertising revenue grew.

'Lion King' lifts Disney earnings as streaming costs stay under budget

07 Nov 2019

Walt Disney Co's popular theme parks and a remake of "The Lion King" pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment. | Video

'Lion King' lifts Disney earnings as streaming costs stay under budget

07 Nov 2019

Walt Disney Co's popular theme parks and a remake of "The Lion King" pushed earnings past Wall Street targets on Thursday, and the company spent less than it had projected on its big plunge into streaming entertainment. | Video

Facebook contractor Cognizant to exit some content moderation businesses

31 Oct 2019

Cognizant Technology Solutions Corp , one of Facebook Inc's content review contractors, said on Wednesday it would shut some content moderation business, including those focusing on identifying objectionable content, resulting in about 6,000 job cuts.

Spotify shares surge after surprise profit, rise in paid users

28 Oct 2019

Spotify Technology SA posted a surprise profit and beat Wall Street expectations for third-quarter revenue as the music streaming company added more-than-expected subscribers to its premium service, sending its shares up 12%. | Video

UPDATE 2-AT&T to add new directors, sell up to $10 bln in assets next year

28 Oct 2019

Oct 28 AT&T Inc on Monday unveiled a three-year strategic plan that included adding two new board members, selling off up to $10 billion worth of non-core businesses next year and paying off all its debt from the purchase of Time Warner, bowing to pressure from activist investor Elliott Management.

Verizon earnings beat estimates as cheaper plans attract customers

25 Oct 2019

Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as the largest U.S. wireless carrier cut prices of its unlimited plans to pull in more subscribers who pay monthly bills. | Video

Activision set for another billion-dollar hit with 'Modern Warfare' launch

25 Oct 2019

"Call of Duty: Modern Warfare", the reboot of the widely popular first-person shooter game, will launch on Friday and is set to become another billion-dollar hit for publisher Activision Blizzard Inc.

Tesla overtakes GM as most valuable U.S. automaker, short sellers burned

24 Oct 2019

Tesla Inc shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk's promise of a profit in the third quarter, even as doubts remained about its long-term prospects.

World News

Prince Andrew halts public duties over sex scandal

Britain's Prince Andrew stepped down from public duties on Wednesday, saying the controversy surrounding his "ill-judged" association with late U.S. financier Jeffrey Epstein had caused major disruption to the royal family's work.