Bullishness from 2 Investment Banks; Lululemon Recall
Goldman Sachs expects the S&P index to hit 1625 this year, and Morgan Stanley (MS) raised its target to 1600. Both had been pretty bearish on the market. The S&P closed yesterday at 1552.
paywall
Why The New York Times Co. Will Still Never Be Great Again
The New York Times Co. finally has its new CEO, but picking BBC Director General Mark Thompson for the top job doesn't address the litany of lingering issues that surround print journalism in general and the Times in particular.
Is Amazon About to Repeat Netflix's Big Blunder?
Amazon.com may be gearing up to start charging for the unlimited video streaming service it now includes free with Amazon Prime. Sound familiar? Of course it does -- just rewind a few months to a summer that Netflix would certainly prefer to forget.
Google Reinvents YouTube Again with Premium Channels
YouTube owner Google is giving the video site a high-class makeover, launching up to 20 premium video channels in a bid to boost revenue. But can a site people think of as the home of laughing babies and funny pets become a destination for web surfers seeking video worth paying for?
News Corp. Earnings Up, Outlook Robust
Chairman Rupert Murdoch was optimistic about the advertising outlook for News Corp., which reported earnings of $875 million. He also called the iPad "a real game-changer in the presentation of news" at the earnings call.
'Time' Pulls Magazine Stories From Its Website
The venerable newsweekly is joining the ever-growing list of outlets saying no to dispensing their content online for free -- or even for money, in some cases. Let's count the ironies here.
Here Comes the Great Internet Paywall
The New York Times will soon charge, AT&T is ceasing unlimited data usage for iPhones and not all video will be free on Hulu. It's slowly sinking in that even online, free can't compete with paid and unlimited can't compete with tiered. It's the end of an era.