Netflix Misses Expectations

January, 18, 2019|

Mixed Results for Netflix

Netflix said Thursday that it added nearly nine million new paying subscribers during the final three months of 2018, beating its own expectations of 7.6 million new subscribers. The service now has 139 million subscribers globally...

Huawei Has Big Trouble

January, 17, 2019|

Huawei Targeted in U.S. Criminal Probe

Federal prosecutors are pursuing a criminal investigation of China’s Huawei Technologies Co. for allegedly stealing trade secrets from U.S. business partners, including technology used by T-Mobile Inc. to test smartphones...

Brexit Vote, No

January, 16, 2019|

Brexit Vote

Britain’s big vote finally arrived Tuesday, and as expected, Parliament handed Prime Minister Theresa May a crushing defeat, rejecting her deal for exiting the European Union by a vote of 432 to 202...

Pacific Gas and Electric Busts Out

January, 15, 2019|

PG&E to File for Bankruptcy

California’s largest power company intends to file for bankruptcy as it faces tens of billions of dollars in potential liability after massive wildfires devastated parts of the state over the past two years...

Ford Struggles Abroad

January, 11, 2019|

Ford to Slash Jobs in Europe

Ford is cutting thousands of jobs, ending production of some models and closing a plant in Europe ahead of a possible alliance with market leader Volkswagen...

Divorce for World’s Richest Man

January, 10, 2019|

Bezos to Divorce

Jeff Bezos and his wife, MacKenzie, are getting a divorce after 25 years of marriage, according to a joint statement put out Wednesday on the Amazon CEO's Twitter account. "After a long period of loving exploration and trial separation, we have decided to divorce...

Bristol-Myers Goes After Celgene

January, 4, 2019|

Bristol-Myers to Buy Celgene

Bristol-Myers Squibb is making a $74 billion bet — and investors aren't pleased. The New York-based pharmaceutical giant on Thursday said it would acquire Celgene, a Summit, New Jersey-based cancer drug company, in a cash and stock deal valued at $74 billion...

It’s a Rotten AAPL

January, 3, 2019|

Apple’s Stock Plunges

Apple had some news for investors to ring in 2019, only it wasn’t good. The company’s revenue this quarter will be significantly lower than it had previously indicated, thanks largely to a slowdown in China sales. Apple’s shares were halted after the stock market closed Wednesday...