AT&T misses revenue estimates as WarnerMedia, wireless unit disappoint

AT&T misses revenue estimates as WarnerMedia, wireless unit disappoint
(Reuters) – AT&T Inc missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit as well as its wireless business, where it has cut prices to attract customers. FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo WarnerMedia, which includes Turner and premium TV channel... Read More

Bumblebee movie boost transforms Hasbro first quarter; shares surge

Bumblebee movie boost transforms Hasbro first quarter; shares surge
(Reuters) – Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “Bumblebee” charged sales of its action toys, putting the company’s shares on track for their best day in more than two decades. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas... Read More

Bumblebee movie boost transforms Hasbro first quarter

Bumblebee movie boost transforms Hasbro first quarter
(Reuters) – Toymaker Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “BumbleBee” charged sales of the action toys, sending its shares up 16 percent. FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration/File Photo A departure from director Michael Bay’s... Read More

EU lawmakers back wifi-based car standard in win for Volkswagen

EU lawmakers back wifi-based car standard in win for Volkswagen
FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer BRUSSELS (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed the move over 5G technology promoted by BMW and Qualcomm.... Read More

Netflix forecasts weak subscriber additions in second quarter

Netflix forecasts weak subscriber additions in second quarter
(Reuters) – Netflix Inc on Tuesday forecast global paid subscriber additions in the second quarter below analysts’ estimates, after reporting better-than-expected subscriber additions in the first quarter. FILE PHOTO: The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo The company said it now expects to add 5 million subscribers globally in... Read More

Netflix surges ahead of quarterly results report; Disney in focus

Netflix surges ahead of quarterly results report; Disney in focus
SAN FRANCISCO (Reuters) – Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service’s quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File... Read More

Amazon to crunch data for Chilean stargazers amid Latam push

Amazon to crunch data for Chilean stargazers amid Latam push
SANTIAGO (Reuters) – Amazon Web Services, a unit of Amazon.com Inc, said it will help astronomers in Chile crunch huge troves of data using its cloud computing services, a symbolically important step for the retail-to-entertainment giant as it looks to expand in Latin America. FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017... Read More

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
(Reuters) – Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido/File Photo The sale of... Read More

Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato

Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
BEIJING (Reuters) – Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV. Singulato workers unwrap a concept car, dubbed the iC3, which is based on a discontinued EV of Toyota, in preparation for the upcoming... Read More