Netflix subscriber forecast misses Wall Street estimate as market leader faces Disney

Netflix subscriber forecast misses Wall Street estimate as market leader faces Disney
(Reuters) – Netflix Inc missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney Co and Apple Inc in the streaming video wars. The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates but missing estimates for U.S. subscriber growth. Netflix shares were... Read More

Netflix subscriber growth beats Wall Street estimate as market leader faces Disney

Netflix subscriber growth beats Wall Street estimate as market leader faces Disney
(Reuters) – Netflix Inc added more paying subscribers than Wall Street expected in the fourth quarter as it faced new competition from lower-cost services from Walt Disney Co and Apple Inc for the first time in the streaming video wars. FILE PHOTO: The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo... Read More

Aramco IPO proceeds to fund Saudi industry, including defense: finance minister

Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
DAVOS, Switzerland (Reuters) – Saudi Arabia will pump the proceeds from last month’s listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday. FILE PHOTO: Saudi Minister of Finance Mohammed al-Jadaan speaks during an interview with Reuters at the Four... Read More

BBC’s Hall to step down ahead of crunch funding talks with British government

BBC’s Hall to step down ahead of crunch funding talks with British government
LONDON (Reuters) – The BBC’s most powerful man will step down in six months to allow a new person to lead negotiations with Prime Minister Boris Johnson’s government over a financing model for the publicly funded broadcaster. FILE PHOTO: BBC Director General Tony Hall makes a statement in London, Britain February 25, 2016. REUTERS/Adrian Dennis/pool Director General Tony Hall said... Read More

With market at record highs, eyes on reports from chipmakers

With market at record highs, eyes on reports from chipmakers
NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. FILE PHOTO: A street sign for Wall Street is seen outside the New York... Read More

Walmart U.S. Chief Merchandising Officer Bratspies departs

Walmart U.S. Chief Merchandising Officer Bratspies departs
FILE PHOTO: Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski (Reuters) – Chief merchandising officer of Walmart Inc’s (WMT.N) U.S. operations, Steve Bratspies, is set to leave the big-box retailer, according to an internal memo sent on Friday. Company veteran Scott McCall will replace Bratspies,... Read More

Take Five: A week in central banking

Take Five: A week in central banking
(Reuters) – 1/THE ORACLES SPEAK FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 14, 2020. REUTERS/Brendan McDermid Geopolitics overshadowed monetary policy for the first time in many months in early January. But such distractions tend to be short-lived nowadays, with investors getting back to central bank-watching swiftly. Rate-setters in... Read More

How Big Tech is helping transform cars into smartphones

How Big Tech is helping transform cars into smartphones
LAS VEGAS (Reuters) – Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. FILE PHOTO: The Byton M-Byte all-electric SUV, expected to enter mass production this year, is displayed at a news conference during the 2020 CES in Las Vegas, Nevada, U.S.... Read More

Varta warns Chinese firms on patent infringements, shares plunge

Varta warns Chinese firms on patent infringements, shares plunge
FRANKFURT (Reuters) – German battery maker Varta (VAR1.DE) said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents. FILE PHOTO: Varta battery cells are displayed in this picture illustration taken September 27, 2017. REUTERS/Fabrizio Bensch/Illustration The company’s shares plunged 20% after the issue was flagged by a... Read More