Disney to End Netflix Deal, Sets Launch of ESPN and Disney-Branded Streaming Services – Variety

Disney is ending its distribution agreement with Netflix for new movie releases, while it’s also buying majority ownership of BAMTech — the streaming-video company founded by Major League Baseball — in a $1.58 billion deal. The moves set a clear course for the media giant to launch Netflix-style direct-to-consumer internet services from ESPN and Disney. […]

After Viral Scandals, Airline Bumping Rates Hit Historic Lows – NPR

United Airlines garnered headlines in April when a passenger was dragged off a plane after the airline attempted to bump him from the flight. Marcio Jose Sanchez/AP hide caption toggle caption Marcio Jose Sanchez/AP United Airlines garnered headlines in April when a passenger was dragged off a plane after the airline attempted to bump him […]

Tesla seeks $1.5 billion junk bonds issue to fund Model 3 production – Reuters

DETROIT (Reuters) – Tesla Inc (TSLA.O) said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The debt offering marks Tesla’s debut in the junk-bond market and […]

Anthem to leave Nevada’s Obamacare market – CNBC

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Dueling Google Memos Reveal a Company Struggling With Culture Change – Fortune

Dueling Google Memos Reveal a Company Struggling With Culture Change – Fortune

It started as an anti-diversity memo on Google’s internal mailing list. Then it tumbled—first in bits and pieces, then in its entirety—into public view. “Google’s Ideological Echo Chamber,” is a 10-page manifesto published by an anonymous Google software engineer that argues several points, chiefly among them that the search giant’s left-leaning biases are shutting down […]

Bill de Blasio Will Push for Tax on Wealthy to Fix Subway – New York Times

Mr. de Blasio and Mr. Cuomo, who are Democrats and have long had a strained relationship, have engaged in an acrimonious public skirmish over financing for public transit. Mr. Cuomo controls the transportation authority, but he has called on Mr. de Blasio to help fix the system. Both leaders have been pressured to address the […]

Martin Shkreli: Why the ‘Most-Hated’ CEO Is Strutting to Jail – Fortune

Long before jurors reached their verdict, Martin Shkreli was guilty on at least one count: gall in the first degree. During the last week of his securities-fraud trial, federal prosecutors nailed the former biotech chief executive for one of his many lies. Shkreli liked to brag he was a Columbia University alum. On the stand, […]

UAW Accuses Nissan of ‘Scare Tactics’ as Workers Reject Union Bid – New York Times

UAW Accuses Nissan of ‘Scare Tactics’ as Workers Reject Union Bid – New York Times

For their part, anti-union workers highlighted the U.A.W.’s contributions to local civil rights and religious groups, accusing the union of seeking to buy support in the African-American community. In the end, though, basic economics combined with a fear of change may have carried the day. Veteran workers at the plant make about $26 per hour, […]

Toyota to Take 5 Percent Stake in Mazda and Build Joint US Plant – New York Times

The announcement by Toyota and Mazda earned a congratulatory tweet from the president early Friday. “Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!” he wrote. Seven months earlier he had warned Toyota in a tweet that moving operations […]

Martin Shkreli Is Found Guilty of Fraud – New York Times

The jury, which was outwardly quiet during its five-day deliberation — it sent only one substantive note — was never deadlocked, said one juror, who spoke after the verdict on condition of anonymity, because he did not want his name immediately associated with the case. He described the deliberation method as methodical and logical and […]

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