Coverage: Apple and Qualcomm have settled their dispute
Apple Inc. and Qualcomm Inc. agreed to dismiss all litigation between the two companies world-wide and forged a new license agreement, ending a long-brewing legal battle over how royalties are collected on innovations in smartphone technology. Tripp Mickle and Asa Fitch of The Wall Street Journal had the news: The settlement, which came hours after opening arguments in a trial between the […]
British Airways drops FT after critical coverage
British Airways has stopped offering the Financial Times to passengers in response to negative stories about it in the paper, reports James Walker of The Press Gazette. Walker reports, “The FT revealed in today’s edition that it would no longer be available on BA flights, at airport lounges or gates after the airline made an ‘abrupt decision’ […]
Coverage: Best Buy names a new CEO
Best Buy CEO Hubert Joly is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry as part of the company’s succession plan. Damian Troise and Anne D’Innocenzio of the Associated Press had the news: Barry, who is currently the company’s chief financial and strategic transformation officer, will become the fifth CEO in Best Buy’s 53-year […]
Coverage: Disney is launching a streaming service
Walt Disney Co. is launching a streaming service for 7,500 episodes and 500 movies that will cost $6.99 per month. Andrew Keshner of MarketWatch.com had the news: Disney will be able to release “Captain Marvel,” which was released on March 8 and has earned over $1 billion in the global box office ($377 million of that […]
Coverage: The National Enquirer is for sale
The National Enquirer is up for sale, parent American Media Inc. announced in a statement Thursday, alongside its other tabloids, including the Globe and National Examiner brands. Megan Henney of Fox Business had the story: The tabloid has been embroiled in a number of scandals surrounding Trump. AMI allegedly paid a Playboy model Karen McDougal $150,000 […]
Coverage: Uber IPO to value company at $100 billion
Uber will seek Thursday to begin selling roughly $10 billion in stock in an initial public offering and attain a valuation of between $90 million and $100 billion and become the largest tech IPO since Chinese e-commerce business Alibaba in 2014. Cameron Albert-Deitch of Inc. magazine had the news: The registration will provide investors with their […]
Coverage: Pinterest plans to raise $1.2 billion in an IPO
Pinterest Inc. set a price range of $15 to $17 for its initial public offering, a range that is below where it last raised money privately, as the image-search company begins its roadshow to pitch the shares to investors Monday. Maureen Farrell of The Wall Street Journal had the news: The company said it plans […]
Coverage: Boeing is cutting 737 Max production
Boeing Co. is cutting production of 737 Max jets as the company moves quickly to finalize a fix that will get the grounded aircraft flying again. Phil LeBeau of CNBC had the news: Boeing’s monthly production of the aircraft, involved in two crashes since October, is dropping by 20 percent from the current level of 52 […]
Coverage: iHeartMedia wants to do an IPO
iHeartMedia Inc., the nation’s largest radio broadcaster, said Wednesday it is looking to return to the public markets with a $100 million initial public offering, marking another step in the company’s financial turnaround after filing for bankruptcy last year. Soma Biswas of The Wall Street Journal had the news: The company, with 848 radio stations, intends to […]
Why the Philadelphia Inquirer focused on black-owned businesses
Gabriel Escobar, editor of The Philadelphia Inquirer, writes about why the paper focused on black-owned businesses in a video series during Black History Month. They were the work of digital producer Brandon T. Harden and video editor and producer Raishad M. Hardnett. Escobar writes, “Some of the businesses they documented include a Germantown menswear boutique that […]
