Fox in the Mouse House could give Disney an edge in streaming wars
LOS ANGELES (Reuters) – If Walt Disney Co buys some Twenty-First Century Fox businesses, it could provide a quick path for the traditional media giant to create a substantial competitor to Netflix Inc in the battle for TV and movie viewers.
Online travel sites getting squeezed by Airbnb, hotel chains
NEW YORK (Reuters) – Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Tuesday, highlighting how the companies’ once industry-disrupting model is under growing pressure from other competitors.
Snapchat launches redesign as growth disappoints Wall Street
(Reuters) – Snap Inc is redesigning its disappearing-message app Snapchat in an attempt to reach a broader audience, going back to the drawing board as Wall Street clobbered it for another quarter of slowing user growth.
Paramount Pictures scraps agreement with Huahua Media
(Reuters) – Viacom Inc’s Paramount Pictures said on Tuesday it has ended a financing agreement with China’s Huahua Media due to recent changes in Chinese foreign investment policies.
Snap’s shares tumble as user growth falls short of expectations
(Reuters) – Snapchat-owner Snap Inc on Tuesday reported slower user growth than Wall Street expected and said it was redesigning the app, sending shares down about 20 percent on concerns it was being beaten by established rivals such as Facebook Inc’s…
Dow edges up to record high, financials dips
(Reuters) – The Dow Jones Industrial Average eked out a fourth consecutive record high close on Tuesday, while the S&P 500 ended marginally lower after a disappointing profit forecast from Priceline and a drop in financials.
Twitter to roll out 280-character tweets worldwide
(Reuters) – Microblogging website Twitter Inc , known for its iconic 140-character tweets, said on Tuesday it would roll out 280-character tweets to users across the world.
S&P 500 dips as Priceline, financials weigh
NEW YORK (Reuters) – The S&P 500 dipped on Tuesday after a disappointing profit forecast from Priceline and a drop in financials, as investors also fretted that a Republican plan to cut corporate taxes could be watered down.
U.S. senators press Allergan for details on patent deal with tribe
(Reuters) – A group of U.S. senators on Tuesday asked drugmaker Allergan Plc to produce documents relating to its agreement to transfer patents to a Native American tribe to shield them from review by an administrative court.
Sky says it could shut Sky News if Fox takeover blocked
LONDON (Reuters) – British broadcaster Sky has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company’s 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox .
