The league’s media deal with the tech giant included provisions Warner couldn’t match, setting the stage for a legal fight.
Category: Business
Uber Shares Jump as Company Returns to Profitability
Second-quarter results beat expectations, and the company projected sales growth.
Aramco Plans $31 Billion Payout After Profit Beat
Aramco said its second-quarter net profit beat market estimates, and that it planned to pay $31 billion in dividends to the Saudi government and its […]
How Going to the Movies Is Changing, in Charts
Hollywood’s new normal involves fewer wide releases, more big screens and novelty popcorn.
Why Californians Have Some of the Highest Power Bills in the U.S.
Utilities are investing billions to upgrade infrastructure and build out green energy, passing budget-breaking costs to households.
Bloomberg News Parts Ways With Reporter Involved in Article About Evan Gershkovich’s Release
The news outlet, which took disciplinary action against several staffers, says the premature article “could have endangered” the prisoner swap.
Google Loses Antitrust Case Over Search-Engine Dominance
A federal judge ruled that the company acted illegally to maintain its monopoly status.
Streamers Can’t Get Enough of True Story TV. Cue the Lawsuits.
Litigation challenging popular shows like “Baby Reindeer” is making it more expensive to produce content for companies like Netflix.
AB InBev Beer Sales Dragged by Weaker China Demand
The brewer said second-quarter sales were also affected by the fallout from a boycott of its Bud Light brand in the U.S.
Spirit Airlines Trims Workforce as Quarterly Loss Widens
Spirit Airlines is furloughing hundreds of pilots as the airline industry’s fight for passengers weighs on the bottom line.