Intel just disclosed that it made $539 million from its Internet of Things group during the second quarter, up 12% on the preceding quarter, and up 24% from a year ago.
The Chinese internet behemoth Alibaba, which is preparing for a blockbuster IPO in the United States, has struck a deal with Lionsgate the production house behind the Hunger Games and Twilight young adult film franchises, and the iconic TV series Mad Men, for a subscription-based streaming television service in its home market.
It has been a challenging year for Pandora Media. After a stellar 2013 on the stock market, the popular internet radio service service’s share price has been under pressure amid a looming onslaught of fresh competition from the biggest names in tech (Google, Apple, and Amazon). Lingering concerns about its business model and fears that it may soon have to pay even more to license the music it streams have not helped either.
Citigroup’s surprisingly OK results have provided a Monday morning boost for the entire US financial sector: at the time of writing Citi shares are up about 4%, with JPMorgan Chase up 1.4%, Bank of America up 1.7%, Goldman Sachs 1.3% higher, and Morgan Stanley up 2%.
It’s official. Adidas won the World Cup.
We may be at the beginning of a fresh wave of consolidation in the cigarette market, which could make the biggest players in Big Tobacco even bigger.
The equation facing the music business is now well understood: Sales of CDs and digital music downloads are in what looks like a death spiral, while streaming music services are adding subscribers and increasing revenues but not yet profits.
American Apparel is in turmoil, but the business has deeper problems than just a sleazy founder.
The world’s biggest media moguls, and many of the best-known names in tech, have descended upon Sun Valley, Idaho, this week for the annual (and now legendary) get-together hosted by the low-profile New York investment house, Allen & Co.
Internet related stocks just got smoked again. And just as happened a few weeks ago, for no obvious reason.
Taylor Swift is getting a lot of grief on the internet today for an essay she penned for the Wall Street Journal, arguing that the music industry has a bright future.
The attempted theft of a Tesla model S in Los Angeles went horribly wrong this past weekend. On Friday, July 4, a man allegedly stole one of the electric vehicles from a dealership in West Hollywood. A subsequent chase involving the local authorities resulted in the car, which was said to be traveling at speeds of up to 100 miles an hour, splitting in half and bursting into flames after hitting two other vehicles and a lamp post. A total of seven people, including the driver, were injured, according to reports.
Domino’s Pizza has been eating Pizza Hut’s lunch in the US.
King Digital Entertainment—the company behind the addictive and hugely popular Candy Crush Saga smartphone game—was viewed with skepticism by some observers when it went public in March.
The US economy has changed a lot over the past four decades, and unsurprisingly, this is reflected in its equity markets.
If you are in the US and looking to stream a movie this Independence Day weekend, Netflix still has the most comprehensive library. But if TV, particularly recent shows, are more your thing, then Hulu is actually the best bet.
The Hollywood comedy is in decline. And there is a totally unfunny reason why.
It’s over. Unless you are living under a rock, by now you should know that America’s World Cup dream died in Brazil last night, when the US men’s national team was defeated 2-1 by Belgium.
Updated with statement from T-Mobile.
Netflix’s irrepressible stock price has hit another record high.
It’s been a wild ride, but BlackBerry shares are actually having a pretty decent 2014. The stock is up around 30% this year, compared to a 6% rise for the S&P 500.
This item has been corrected and updated.
Update 2pm ET: This post has been updated to reflect the Netherlands’ 2-1 victory over Mexico.
Take that, soccer skeptics!
