Bloomberg Executive Apologizes as New Leaks Surface
Bloomberg LP moves to repair damage to its reputation after a report said that more than 10,000 client messages containing sensitive pricing data had been leaked online.
MEDIA
News Corp Beats the Street, Plans a Spin-Off
News Corp posted higher earnings, led by strong growth at its Fox television division. The company is spinning off its publishing unit, including The Wall Street Journal.
News Corp Results Beat Estimates, Spin-Off On Track
Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks. It plans to spin-off its publishing business.
Media Giant Earnings: Comcast, Time Warner, Viacom Report
Three media giants are in the earnings spotlight, and drug maker Teva Pharmaceuticals wins a key ruling on a controversial contraceptive, the so-called morning after pill.
GE Profit Rises on Higher Jet-Engine Sales, Sale of NBC
GE reported a first-quarter profit in line with Wall Street's expectations on Friday, as the conglomerate sold more jet engines and shed its stake in NBC Universal.
Reuters Prematurely Publishes Harsh George Soros Obituary
Reuters published on Thursday evening an online obituary for Hungarian-born American financier George Soros, who remains alive, giving a harshly critical portrait of his life.
Newspaper Revenue Falls at Its Slowest Pace in 6 Years
The newspaper industry's revenue declined at its slowest pace in six years, as publishers turned to new businesses and raised more money from online subscriptions.
Apple Apologizes in China Following Criticism by State Media
Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.
Newsroom Cutbacks Force Consumers to Flee News Outlets
Years of newsroom cutbacks have had a demonstrable impact on the quality of digital, newspaper and television news and in how consumers view that work, a new study finds.
Guess Who's Making Money? NPR
NPR expects to make a profit this year, a surprising state of affairs for a nonprofit. But with the national debate raging about whether the federal government should stop funding public broadcasting, could NPR find itself a victim of its own success?
Earthquake Rattles Japanese Animation Industry
One of Japan's best-known exports, its unique style of animation, faces a new crisis -- a disruption in production following the recent earthquake and tsunami. The multi-billion-dollar "anime" industry has already been challenged by overseas competition and high employee turnover at home.
Apple Expands Subscription-Billing Service
Apple is broadening the content subscription-billing service it started earlier the month with News Corp.'s The Daily electronic newspaper to other magazines, newspapers, video providers and other content sources, as the company looks to further benefit from the growing contingent of people getting their news on portable devices.
Will News Corp. Sell MySpace?
News Corp. more than doubled its earnings for the fiscal second quarter, the company announced Wednesday. Part of the gain comes from a settlement charge a year earlier, which dampened year-ago earnings on a one-time basis. The company also is considering selling MySpace.
In This Corner, Netflix. In the Other Corner. . .Amazon?
Netflix, whose DVD-by-mail service hastened the demise of several video rental chains, may soon find itself under siege from Amazon. The world's largest online retailer appears to be on the verge of launching its own unlimited movie and TV-show streaming service.
Electronic Arts Posts 3Q Loss, But Adjusted Earnings Solid
Electronic Arts says its fiscal third-quarter net loss widened as revenue fell, but adjusted results surpassed Wall Street's expectations -- and an optimistic outlook and stock buyback plan helped push its shares higher.