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During the quarter, net income rose 32.5 percent, to $384.3 million, or 85 cents a share, from $65.6 million, or 15 cents, a year earlier. The company said it added 670,000 streaming customers in the USA, below its guidance of 1.2 million new subscribers.
  • Flipkart, Amazon cut ad spend on Google as new rivalry brews

    Flipkart, Amazon cut ad spend on Google as new rivalry brews

    Markets

    In the premium range, the Honor 10 gets a price drop to Rs 29,999 during the sale, which will allow it to compete better against the recently launched Asus Zenfone 5Z . Amazon's Fire TV Stick is available for Rs. 2,799. While Amazon has only announced a few Prime Day 2018 deals in the U.S. with focus on Back to School, the giant retailer teases in India a hot Prime Day TV deal.
  • Government clears Fox's Sky takeover bid

    Government clears Fox's Sky takeover bid

    Markets

    Sky shares were down almost 0.4% in afternoon trading. Both firms recommended that Fox shareholders vote in favor of the transaction during a July 27 investor meeting, with Glass Lewis arguing that Disney offered "a unique, prospectively far-reaching opportunity" to capitalise on the acquisition.
  • Elon Musk brands Thai boys' rescuer Vern Unsworth a paedophile

    Elon Musk brands Thai boys' rescuer Vern Unsworth a paedophile

    Markets

    This set Musk on a Twitter rampage - which have become all too common for the 47-year-old entrepreneur. Musk was criticised by many, some of whom accused Musk of using his sizeable (22 million) Twitter following to incite ill will towards people, and others saying his comments were clearly libelous.
  • Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade

    Musk calls mini-sub rescue plan critic ‘pedo guy’ in Twitter tirade

    Markets

    Unsworth, who lives in Thailand's Chiang Rai province, said that Musk was "asked to leave" the cave "very quickly", and that he "can stick his submarine where it hurts ". Unsworth initially pinpointed where he thought the boys would be in the trapped cave. He was involved in the rescue for the whole 17 days. Doctors say the boys are in good health following a successful three-day operation which ended on July 10, when teams of Thai Navy SEALs and worldwide cave diving experts hauled ...
  • Tesla to begin phasing out federal tax credit in 2019

    Tesla to begin phasing out federal tax credit in 2019

    Markets

    Tesla has struggled to ramp up production for the Model 3 , which it launched in July of past year. These doubts, together with lower than expected Model 3 deliveries revealed in Tesla's Q2 2018 delivery and production report , ultimately caused the company's stocks to tumble last week.
  • Ivanka Trump products dropped from Hudson's Bay website

    Ivanka Trump products dropped from Hudson's Bay website

    Markets

    There are suddenly zero Ivanka Trump items on the @hudsonsbay website. Hudson's Bay has also been targeted by several campaigns, including Grab Your Wallet, that urge consumers to stay away from retailers that offer Trump family merchandise.
  • US lifts ban on ZTE after USD 1.4 billion penalty

    US lifts ban on ZTE after USD 1.4 billion penalty

    Markets

    The U.S. Department of Commerce on July 13 lifted a ban on U.S. companies selling equipment to Chinese telecom giant ZTE, allowing the company to resume business. If at any point ZTE does anything that harms the agreement , the $400 million will automatically be routed towards the U.S government and the ban will get back in place.
  • McDonald's pulls salads from 3000 locations after dozens sickened by parasite

    McDonald's pulls salads from 3000 locations after dozens sickened by parasite

    Markets

    The Missouri Department of Health and Senior Services is investigating with local public health agencies across Missouri 7 cases of cyclosporiasis that appear to be linked to eating McDonald's salads. The Cyclospora parasite is what sickened at least 212 people in the Midwest, who ate from contaminated Del Monte vegetable trays in early July.
  • Ryanair pilots announce two further one day strikes

    Ryanair pilots announce two further one day strikes

    Markets

    A strike by pilots from the Irish Airline Pilots Association (IALPA), a branch of Fórsa trade union, went ahead on Thursday despite last-minute talks with the airline. The Irish budget carrier confirmed it had cancelled 30 flights between Ireland and the United Kingdom and these were focused on routes that would allow passengers to find alternative flights easily.
  • Broadcom to acquire CA Technologies for $18.8bn

    Broadcom to acquire CA Technologies for $18.8bn

    Markets

    Furthermore, Rolland believes the deal gives Broadcom a longer M&A runway: "After the blocked hostile attempt to purchase Qualcomm , Broadcom was running out of viable M&A targets in the semiconductor industry given: 1) rapid industry consolidation eliminating many highvalue and logical targets; 2) increased worldwide regulatory scrutiny, particularly from MOFCOM, exacerbated by U.S./Chinese trade tensions; and 3) increased CFIUS and antitrust risks".
  • Build-A-Bear Is Now Trying to Fix Promotion Disaster

    Build-A-Bear Is Now Trying to Fix Promotion Disaster

    Markets

    The seller of stuffed animals had offered a one-day promotion that let customers buy a stuffed bear for a price equaling their age, with a minimum price of $1 and maximum of $29. Build-A-Bear said in a statement that "based on the information available to us before the day began, we could not have predicted this unprecedented reaction to our "Pay Your Age Day" event".
  • Longer than expected lines for Build-A-Bear event — Fox River Mall

    Longer than expected lines for Build-A-Bear event — Fox River Mall

    Markets

    It said the goal is to better control traffic at the stores and prevent long lines and significant wait times. Another witness said people lined up at both malls before the stores even opened. "I didn't expect this kind of crowd". Build-A-Bear released a statement Thursday afternoon announcing they had to close lines and stop taking additional customers.