Edition:
United Kingdom

Vibhuti Sharma

Netflix forecast misses Wall Street view, shares dip

18 Jan 2019

Netflix Inc forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world's largest streaming service down 4 percent in after-hours trading. | Video

Netflix raises prices for U.S. subscribers

15 Jan 2019

Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion. | Video

Zynga buys Empires & Puzzles gamemaker in largest deal to date

21 Dec 2018

(This corrects paragraph 7 of December 20 story to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version)

Oracle sees strong third quarter on cloud strength, share rise

17 Dec 2018

Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter.

Amazon, Blackstone among bidders for 22 Disney sports networks: CNBC

20 Nov 2018

Amazon.com Inc and private equity firm Blackstone Group are bidding for Walt Disney Co's 22 regional sports networks, including New York-focused Yes Network, CNBC reported on Tuesday, citing sources familiar with the matter.

Colfax churns its business with $3.15 billion purchase of medical device maker

19 Nov 2018

Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

World News

Maduro rival Guaido claims Venezuela presidency with U.S. backing

Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, winning the backing of Washington and many Latin American nations and prompting socialist Nicolas Maduro, who has led the oil-rich nation since 2013, to break relations with the United States.