Spotify generates third quarter revenue of $1.2 billion: The Information
(Reuters) – Music streaming service Spotify had revenue of a billion euros ($1.24 billion) in its third-quarter, putting it on track for a full year revenue of more than 4 billion euros ($4.95 billion), The Information website reported on Tuesday.
Tronc to sell Los Angeles Times: source
(Reuters) – Tronc Inc , the owner of the Los Angeles Times, is expected to announce a sale of the newspaper to billionaire biotech investor Patrick Soon-Shiong, a source familiar with the matter said.
Wall Street roars back, traders eye volatility ahead
NEW YORK (Reuters) – Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 percent rebound in U.S. stocks on Tuesday followed the biggest one-day selloff in more than six years.
Theme parks lift Disney profit, more ‘Star Wars’ coming
(Reuters) – Walt Disney Co on Tuesday reported a quarterly profit that topped Wall Street forecasts as theme park crowds packed a new “Avatar” land, making up for a decline at the ABC broadcasting network.
Owner of Los Angeles Times to sell the paper: Washington Post
(Reuters) – Tronc Inc , the owner of the Los Angeles Times, is expected to announce it is selling the newspaper, the Washington Post reported on Tuesday, citing people familiar with the matter.
Snap shares soar as user growth, revenue beat
(Reuters) – Snap Inc surprised Wall Street on Tuesday with a rebound in user growth for its Snapchat messaging app, showing resilience amid competition with Facebook Inc’s Instagram and sending shares up nearly 30 percent.
Snap’s user growth, revenue beat analyst expectations, shares soar
(Reuters) – Snap Inc said on Tuesday it added more users than expected to its Snapchat messaging app as it fights to fend off competition from Facebook Inc’s Instagram, sending it shares up by nearly 30 percent.
Disney profit beats estimate on strength in parks business
(Reuters) – Walt Disney Co reported on Tuesday a quarterly profit that beat Wall Street forecasts as theme park crowds made up for declines at broadcast and cable television.
Bitcoin bounces back from three-month low in volatile trade
NEW YORK (Reuters) – Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards.
Wall Street roars back in whipsaw session
NEW YORK (Reuters) – U.S. stocks posted sharp gains in another wild trading session on Tuesday, as indexes rebounded from the biggest one-day drops for the S&P 500 and the Dow in more than six years that stalled the market’s record run.
