News Corp’s Aussie pay TV giant Foxtel aims for 5M subscribers

News Corp’s Aussie pay TV giant Foxtel aims for 5M subscribers

Foxtel Group, the Australian pay TV and streaming giant, which is majority owned by News Corp., sees itself as a “disruptor” in the streaming space, according to management during a strategy day for analysts on Thursday. “Our emphasis on growth through streaming, through improved compelling interfaces, and on securing long-term valuable sports and entertainment rights, … Read more

Wells Fargo Analyst Reduces Disney (DIS) Price Target

Wells Fargo Analyst Reduces Disney (DIS) Price Target

The Walt Disney Company’s (DIS) streaming service Disney Plus subscriber growth pumped growth for its stock during most of the pandemic. As the company emerges from the pandemic, Disney Plus is driving declines. In trading on Tuesday morning, Disney’s shares fell by roughly 2% from Monday’s closing price to reach $174.10. Reports ascribed the decline … Read more

Amazon settles labor violations case with two fired employees

Amazon settles labor violations case with two fired employees

Amazon settled a labor dispute with a pair of outspoken ex-employees it canned from its headquarters last year for publicly criticizing the e-tailing giant’s working conditions and climate policies. The National Labor Relations Board was set this week to hear the case brought by the two employees — which the agency said had merit — … Read more

Merck to Buy Rare-Disease Firm Acceleron for $11.5 Billion

Merck to Buy Rare-Disease Firm Acceleron for $11.5 Billion

(Bloomberg) — Merck & Co. agreed to buy Acceleron Pharma Inc. for about $11.5 billion, building out its portfolio of therapies to treat rare diseases. Most Read from Bloomberg Acceleron shareholders will get $180 a share in cash, a 34% premium over the price at the end of last month but below the stock’s intraday … Read more

Tesla Loses China Fraud Case in Latest Setback in Key Market

Tesla Loses China Fraud Case in Latest Setback in Key Market

(Bloomberg) — A Chinese driver has successfully sued Tesla Inc. for fraud over his purchase of a second-hand Model S, adding to a run of setbacks for Elon Musk’s electric-car pioneer in one of its most important markets. Most Read from Bloomberg A Beijing court found Tesla had misrepresented the condition of the car bought … Read more

Elizabeth Holmes had ‘nothing to hide’ as Theranos collapsed

Elizabeth Holmes had 'nothing to hide' as Theranos collapsed

Elizabeth Holmes had “nothing to hide” in the wake of a damning probe into her blood-testing company Theranos, she wrote in personal notes about the investigation that ultimately sparked its demise and her downfall. Holmes’ note to herself came about two weeks after The Wall Street Journal ran the first article in an investigative series that … Read more