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Aishwarya Venugopal Entertainment House political Top News U.S. 

Netflix beats subscriber targets, shares jump over 10 percent

July 18, 2017 By Lisa Richwine and Aishwarya Venugopal (Reuters) – Netflix Inc crushed Wall Street forecasts by adding 5.2 million new streaming customers in the second quarter and predicted continued momentum as foreign subscriptions topped those in the United States, lifting its stock 10.4 percent on Monday. Shares of the streaming-television pioneer jumped $16.82 to $178.55 in after-hours trading, beating their all-time intraday high of $166.87 on June 8. Netflix expects foreign growth to bring its first full-year profit for overseas markets in 2017, the company said in a…

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Aishwarya Venugopal Amazon Echo launch report Tech Top News 

Alibaba to launch product similar to Amazon Echo: source

June 29, 2017 (Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd would launch a product mimicking Amazon.com Inc’s “Echo” next week, according to a source familiar with the matter. “Amazon Echo”, launched in 2014, is a speaker which one can leave on all day and give voice commands to, similar to Siri on an Apple Inc iPhone. Alibaba’s new product would be made available only in China and speak only Mandarin, the source told Reuters. Apple and Google, a unit of Alphabet Inc, have unveiled products similar to Echo…

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Aishwarya Venugopal Business cable internet Liberty Media 

Sirius to invest $480 million in Pandora, may be path to music streaming

June 9, 2017 By Liana B. Baker and Aishwarya Venugopal (Reuters) – Sirius XM Holdings Inc said on Friday it will invest $480 million in Pandora Media Inc , giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora. While Sirius XM has a strong presence in the auto market, where its channels are offered in most new cars in the United States, it has trailed Pandora and other music providers in mobile and streaming content. The relationship could give Sirius expertise in…

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Coinbase suffers outages amid bitcoin surge

May 25, 2017 (Reuters) – Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw “unprecedented traffic and trading,” with the digital currency hitting record levels. Bitcoin fell as much as 6.5 percent to $2,263.72 at around 1730 GMT on Thursday, but rebounded shortly after to hit a fresh all-time high of $2,760.10. Bitcoin hit a record on the BitStamp platform on Wednesday, driven by an uptick in demand for crypto-assets, with the creation of new tokens to raise funding for start-ups using blockchain, the underlying…

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Facebook adds Snapchat-like camera filters to Instagram

May 16, 2017 By Angela Moon and Aishwarya Venugopal (Reuters) – Facebook Inc’s Instagram has souped up its camera with quirky face-tracking filters, adding another feature similar to one offered by social media rival Snap Inc’s Snapchat. Instagram users will now be able to choose from eight filters including koala ears that move and twitch as well as math equations that spin to create humorous effects for their photos or videos. Other new features include a rewind mode for videos, which will allow users to play video in reverse, and…

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Twenty-First Century Fox revenue misses as cable, film units drag

May 10, 2017 (Reuters) – Twenty-First Century Fox Inc , the television and film company controlled by Rupert Murdoch, reported quarterly revenue that missed analysts’ estimates, weighed down by flat U.S. ad revenue in its cable business and fewer box-office hits. Shares of the company, which is in midst of a $14.5 billion bid to take control of UK-based pay-TV group Sky Plc , fell nearly 4 percent in extended trading on Wednesday. “We remain confident the proposed transaction will be approved by the end of the calendar year following…

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Fitbit blazes past its revenue forecast, shares rise

May 3, 2017 (Reuters) – Wearable device maker Fitbit Inc reported quarterly revenue above its own forecast, and said launches planned for this year were on track, sending the company’s shares up 7.2 percent in after-market trading on Wednesday. Investors are betting on Fitbit’s new launches to bolster sales, after the company struggled with a lackluster holiday quarter and production issues that weighed on sales. “As we enter the smartwatch category, I think that will be a catalyst for growth,” Chief Executive Officer James Park said on an earnings call….

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Microsoft Surface sales sink, shares dip

April 28, 2017 By Pushkala A and Stephen Nellis (Reuters) – Microsoft Corp slightly missed Wall Street’s average revenue estimate for the latest quarter on Thursday, as sales of its Surface tablets and laptops slumped in the face of revamped competition in the personal computer market. Shares of the world’s largest software company fell 0.6 percent to $67.85 in trading after the bell. Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown…

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AT&T revenue misses estimates as customers keep phones longer

April 25, 2017 By Anjali Athavaley (Reuters) – AT&T Inc’s quarterly revenue missed estimates due to lower equipment sales as customers held onto phones longer and rival wireless carriers offered new promotions on unlimited data plans, the No. 2 U.S. wireless carrier said on Tuesday. It said it lost 191,000 postpaid subscribers, who pay bills monthly, in the United States on a net basis in the first quarter ended March 31. AT&T and industry leader Verizon Communications Inc are battling Sprint Corp and T-Mobile US Inc for market share in…

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T-Mobile open to merger talks, new subscribers top estimates

April 24, 2017 By Anjali Athavaley (Reuters) – T-Mobile US Inc is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter. The U.S. Federal Communications Commission barred merger talks among telecommunications companies for over a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use. Companies taking part in the auction have been restrained by a quiet period that will end on April 27,…

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