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Netflix is coming to New York City in a big way. "New York has created a film-friendly environment that's home to some of the best creative and executive talent in the world, and we're excited to provide a place for them at Netflix with our production hub," said Jason Hariton, Director of Worldwide Studio Operations & Real Estate at Netflix, in a statement.
A lawsuit that accuses Stranger Things creators Matt and Ross Duffer of stealing the idea for the hit Netflix show is headed for a jury trial. A judge for the Los Angeles Superior Court this week denied a motion for summary judgment from the Duffer Brothers. The trial is scheduled to begin on May 6th.
Microsoft has never been shy about being acquisitive, and today it announced it's buying Express Logic, a San Diego company that has developed a real-time operating system (RTOS) aimed at controlling the growing number of IoT devices in the world. Express Logic is not some wide-eyed, pie-in-the-sky startup. It has been around for 23 years building (in its own words), "industrial-grade RTOS and middleware software solutions for embedded and IoT developers." The company boasts some 6.2 billion (yes, billion) devices running its systems.
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment valued its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive company Denso Corp will combined invest $667 million.
Billionaire Tom Steyer, who has pumped millions of dollars of his own money into a campaign calling for Trump’s removal from office, told Reuters that lawmakers in the Democratic-led House of Representatives should begin the process of impeaching Trump, a Republican, based on the evidence amassed by Mueller. Mueller found no evidence of collusion between members of Trump's campaign and Russians, despite numerous contacts, but he amassed a wealth of evidence he said showed the president had sought to impede or control the FBI investigation.
United Technologies (UTX) closed at $137 in the latest trading session, marking a +0.89% move from the prior day.
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance Disappoints(Continued from Prior Part)Netflix’s revenue trendsNetflix’s (NFLX) revenue grew 2.2% YoY (year-over-year) to $4.52 billion in the first quarter, beating Wall Street’s estimate
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25-year-old North American Free Trade Agreement. The report estimates that annual U.S. real gross domestic product would increase by 0.35 percent, or $68.5 billion, on an annual basis compared to a NAFTA baseline, and would add 176,000 U.S. jobs, while raising U.S. exports.
The Latest on PINS, AAPL, IBM, and NFLX(Continued from Prior Part)Netflix has added an astonishing 18.4 million subscribers in the last two quartersVideo streaming giant Netflix (NFLX) continues to add more subscribers despite the looming threat of
Feminists, fighters for LGBT+ rights and foes of climate change took the public spotlight on Thursday, named to annual lists honoring leadership and influence compiled by U.S. publications Time and Fortune. Named to both lists were Sweden's Greta Thunberg, a climate change student activist who inspired global protests, and U.S. venture capitalist Aileen Lee who helped launch the All Raise nonprofit to champion women in the tech industry. Leaders for women's rights filled the lists, including Loujain al-Hathloul, named by Time for challenging male domination in Saudi Arabia, particularly its driving ban for women, now lifted.
Netflix will expand its operations in New York City, adding 127 jobs in its Manhattan marketing and development office and building six sounds stages in Brooklyn where thousands of productions jobs will be located, New York officials announced Thursday. Gov. Andrew Cuomo said the San Jose, California-based entertainment video-streaming service will invest up to $100 million in the city by relocating from its Manhattan office to its new corporate offices in the city's Flatiron District and building the sounds stages in Brooklyn's Williamsburg neighborhood. "We're proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring," Cuomo said in a statement.
Netflix Beats Analysts’ Q1 Estimates, Weak Guidance DisappointsNetflix in Q1The world’s largest video streaming service provider, Netflix (NFLX), announced impressive first-quarter results after the closing bell on April 16, beating Wall
Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies. A wide swath of S&P 500 sectors are scheduled to report next week, with 155 companies representing over $9 trillion in market capitalization in the queue, more than 35 percent of the total for the index.
General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. GM also said two members of the board of directors - former chairman of the joint chiefs of staff, retired Admiral Michael Mullen and the former CEO of ConocoPhillips, James Mulva - will not stand for re-election. GM and the rest of the auto industry are facing an expected decline in U.S. demand this year, slowing sales in the world's largest auto market in China and potential costly tariffs that could be imposed by the administration of U.S. President Donald Trump as it negotiates new trade deals with China, Europe and Japan.
Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. For the holiday-shortened week, the S&P was on track to snap its three-week winning streak, while the Dow and the Nasdaq were poised to end the week higher.