Business news

• 'FIFA' publisher EA hikes full-year revenue, profit forecast

  01-11-2016 23:46 via news.yahoo.com
  
  "FIFA 17," the newest version of EA's top-selling soccer franchise, debuted at the end of September, while the company launched the highly anticipated "Battlefield 1" and "Titanfall 2" shooter games in October. "We've always tended to be conservative this time of the year, but at the same time, more optimistic," EA Chief Financial Officer Blake Jorgensen said in an interview. While EA's adjusted revenue forecast for the key holiday-shopping quarter was slightly below analysts' estimates, Jorgens
  
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• World Series data shows Chicago sleeping easier than Cleveland

  01-11-2016 23:45 via cnet.com
  
  The Cubs are looking to snap a streak stretching back to the times of the Ottoman Empire, and though the odds are against them, that sure isn't keeping the city up at night.
  
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• Third Point's Loeb says constant surprises have shaped market in 2016

  01-11-2016 23:26 via news.yahoo.com
  
  Billionaire hedge fund manager Daniel Loeb on Tuesday told clients that "idiosyncratic opportunities" have helped boost returns this year as a string of constant surprises has shaped markets, adding that more may be in store. Calling the battle between Donald Trump and Hillary Clinton for the White House the "most disappointing and bizarre election in our country's history," the fund managers said it is impossible to say how the outcome will shape growth and interest rates.
  
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• Twitter's personalized Highlights feature finally comes to iOS

  01-11-2016 23:14 via cnet.com
  
  The feature aims to help users catch up quickly with the tweets most relevant to them. It comes to Apple's mobile platform more than a year after Android.
  
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• Bedrock Industries reaches deal to buy U.S. Steel Canada

  01-11-2016 23:00 via cbc.ca
  
  American Company Bedrock Industries Group has reached a deal to buy beleaguered U.S. Steel Canada, U.S. Steel announced today.
  
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• Jesus from 'The Big Lebowski' really ties spin-off film together

  01-11-2016 22:49 via cnet.com
  
  John Turturro is back, and he's still bowling in the first photo released from "Going Places."
  
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• The iPhone 8 could have wireless charging

  01-11-2016 22:41 via cnet.com
  
  Apple manufacturing partner Foxconn is reportedly testing wireless charging for the next iPhone.
  
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• JPMorgan says demand for Reserve card 'strong, but tapering'

  01-11-2016 22:37 via news.yahoo.com
  
  NEW YORK (Reuters) - JPMorgan Chase & Co said that demand for its high-fee, high-rewards Sapphire Reserve credit card is "strong, but tapering" and that the cost of opening new card accounts could hurt fourth-quarter revenue by as much $200 million.
  
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• The Samsung Galaxy S8 could be mostly screen

  01-11-2016 22:18 via cnet.com
  
  A recent Korean report suggests that the front of the next Samsung Galaxy phone will be almost entirely dedicated to the display.
  
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• 'Diva of Distressed' Tilton takes stand in SEC fraud trial

  01-11-2016 22:17 via feeds.foxbusiness.com
  
  Financier Lynn Tilton took the stand on Tuesday to defend herself against U.S. Securities and Exchange Commission charges that she defrauded investors in three debt funds that loaned money to distressed companies.
  
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• Tesla says SolarCity would add $1 billion to 2017 revenue

  01-11-2016 22:12 via feeds.foxbusiness.com
  
  Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the electric carmaker's balance sheet over next three years, while contributing over $1 billion to revenue in 2017.
  
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• Herbalife CEO to step down next year, COO to take over

  01-11-2016 22:10 via news.yahoo.com
  
  Herbalife also reported a 6.3 percent drop in third-quarter net income. Billionaire investor Carl Icahn, who disclosed a 20.78 percent stake in the company in August, said he fully supported the board's choice of Goudis as the next CEO. Activist investor Bill Ackman and Icahn have opposing bets on Los Angeles-based Herbalife.
  
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• New vehicle sales in Canada drop in October

  01-11-2016 22:02 via cbc.ca
  
  The latest DesRosiers Automotive report shows new vehicle sales in Canada in October — excluding sales by Ford — saw a 5.7 per cent decline compared with the same month last year.
  
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• Tesla says SolarCity could provide $1b in revenue next year

  01-11-2016 22:00 via feeds.foxbusiness.com
  
  Tesla says solar panel maker SolarCity Corp. could add $1 billion in revenue next year if the two companies merge.
  
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• Etsy Shares See-saw After Company's Q3 Results

  01-11-2016 21:56 via feeds.foxbusiness.com
  
  Shares of Etsy Inc. swung in an out of the red late Tuesday after the online marketplace company reported revenue above Wall Street expectations and said its chief financial officer will leave next year.
  
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• Microsoft Blames Russian Hackers For Exploiting Windows Flaw: Report

  01-11-2016 21:50 via feeds.foxbusiness.com
  
  Microsoft Corp. on Tuesday said that hackers associated with the Russian government are responsible for cyber attacks that exploited a flaw in its Windows operating system, Reuters reported.
  
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• Herbalife Names New CEO, Stock Falls Despite Earnings Beat

  01-11-2016 21:47 via feeds.foxbusiness.com
  
  Herbalife Ltd. shares fell in the extended session Tuesday despite better-than-expected quarterly earnings, and the nutritional-supplements company announced its next chief executive.
  
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• Spotify Connect now available on Sonos in beta

  01-11-2016 21:44 via cnet.com
  
  Sonos has released its latest beta which enables Spotify Connect to be used to control the range of speakers.
  
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• U.S. election, rate uncertainty rattle Wall Street

  01-11-2016 21:40 via news.yahoo.com
  
  Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system. "There is concern over Trump being unexpected, because the market has really priced in a Clinton win and it hasn’t price
  
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• Instapaper Premium now free for all users

  01-11-2016 21:40 via cnet.com
  
  The app that lets users save articles to read later does away with paid subscriptions thanks to its new owner, Pinterest.
  
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• Uber partners with GM's Maven car-sharing program

  01-11-2016 21:35 via news.yahoo.com
  
  By Alexandria Sage SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it would partner with car-sharing service Maven, operated by General Motors, to allow Uber drivers to rent GM vehicles on a weekly basis. The 90-day pilot is a surprise move for Maven and General Motors, which with Lyft - Uber's main competitor in North America - announced a program in March called Express Drive used mostly by Lyft drivers.
  
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• Tableau Software Shares Fall As Revenue Misses Street Target

  01-11-2016 21:30 via feeds.foxbusiness.com
  
  Tableau Software Inc. shares dropped in the extended session Tuesday after the visual data analytics company's revenue fell short of Wall Street estimates while topping those for earnings.
  
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• Pfizer cholesterol drug fizzles, hitting shares

  01-11-2016 21:28 via news.yahoo.com
  
  Pfizer said bococizumab gradually lost its potency in reducing "bad" LDL cholesterol and caused more irritation at the injection site than similar recently approved drugs. Pfizer has been trying to catch up with two rival drugs approved by U.S. regulators more than a year ago. Repatha, from Amgen Inc , and Praluent, from Regeneron Pharmaceuticals Inc and Sanofi SA , can slash LDL cholesterol almost 60 percent, more effectively than traditional statins like Pfizer's Lipitor.
  
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• Here's Why Weatherford International Plc's Stock Plunged Today

  01-11-2016 21:22 via feeds.foxbusiness.com
  
  An analyst said the oil-field service company needed to raise equity capital to avoid breaching its debt covenants.
  
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• U.S. auto sales drop 6 percent despite discounts, GM off 1.7 percent

  01-11-2016 21:19 via news.yahoo.com
  
  DETROIT (Reuters) - U.S. auto sales fell an estimated 6 percent in October despite increased consumer discounts on many popular models, as the trend toward pickup trucks and SUVs continued, automakers and WardsAuto reported on Tuesday.
  
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• Electronic Arts Falls Despite Strong Results From 'FIFA 17'

  01-11-2016 21:18 via feeds.foxbusiness.com
  
  Electronic Arts Inc. reported better-than-expected earnings Tuesday and increased its revenue guidance for the full year, but shares still fell as the video game publisher's projection for the holiday quarter came in slightly below analysts' projections.
  
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• Valeant Stock Spikes on Reports of $10 Billion Sale

  01-11-2016 21:16 via feeds.foxbusiness.com
  
  Valeant Pharmaceuticals International Inc. is in advanced talks to sell a big stomach-drug business to Japan's Takeda Pharmaceutical Co. for about $10 billion, a move that could ease pressure on Valeant over its hefty debt load.
  
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• Videogame publisher EA's holiday-quarter sales forecasts misses estimates

  01-11-2016 21:10 via news.yahoo.com
  
  (Reuters) - Video-game publisher Electronic Arts Inc's revenue forecast for the key holiday-shopping quarter was slightly below analysts' estimates, amid expectations of heavy competition from other games releasing around the same time. EA forecast adjusted revenue of about $2.04 billion for the current quarter, at the start of which it launched the highly anticipated "Battlefield 1" and "Titanfall 2" shooter games. Analysts on average were expecting revenue of $2.08 billion, according to Thomso
  
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• Key players in Dakota Access pipeline fight

  01-11-2016 20:56 via cbc.ca
  
  The Dakota Access pipeline, a $3.8 billion, four-state project designed to carry oil from North Dakota to Illinois, has become a rallying point for American Indigenous groups and others determined to block it. Here's a look at the key players connected with the protest, which began in April, heated up during the summer and boiled over in October with some 400 arrests.
  
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• What's under the hood of Daqri's $15,000 AR smart helmet

  01-11-2016 20:47 via techrepublic.com
  
  Daqri recently released a developer kit for its augmented reality helmet. Read about Teena Maddox's hands-on experience and find out what's next for the Los Angeles-based startup.
  
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• Wall Street shaken by U.S. election, rate uncertainty

  01-11-2016 20:36 via news.yahoo.com
  
  The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that the FBI was investigating more emails as part of a probe into Clinton's use of a private email system. "There is some anticipation that the markets have built in a Hillary victory, and that a Trump victory is going to roil the markets," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. While traders do not expect the cen
  
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• U.S. House Republicans want answers on VW settlements

  01-11-2016 20:34 via news.yahoo.com
  
  Two senior U.S. House Republicans on Tuesday asked environmental regulators to answer questions about Volkswagen AG's diesel emissions settlements, including disclosing how the government calculated the penalties imposed on VW to offset excess pollution. In a letter, Representative Fred Upton, who chairs the House Energy and Commerce Committee, and Representative Tim Murphy asked the U.S. Environmental Protection Agency to disclose how much excess pollution VW vehicles sold in the United States
  
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• Roku TVs can now pause live over-the-air TV

  01-11-2016 20:33 via cnet.com
  
  A free software update brings the ability to pause, and subsequently rewind and fast-forward, on TV shows that come via an antenna. Roku TVs will also get private headphone listening via Roku's app.
  
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• Tesla, SolarCity shares fall ahead of merger details

  01-11-2016 20:13 via news.yahoo.com
  
  By Alexandria Sage SAN FRANCISCO (Reuters) - Shares of Tesla Motors Inc and SolarCity Corp tumbled on Tuesday ahead of expected financial details from the electric carmaker on a pending $2.6 billion merger that has been met with widespread investor skepticism. Shares of Tesla were down 4.1 percent in afternoon trading to $189.60 and shares of solar panel installer SolarCity were down 3.5 percent at $18.91. Tesla was due to post additional information about the acquisition on its blog and website
  
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• Cheap coffee makers, bulk coffee pods and $500 off one-button espresso

  01-11-2016 20:09 via cnet.com
  
  From Home Deals: The best deals on coffee makers and coffee pods, and save $500 on an automatic espresso maker.
  
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• Danish bus rolls its eyes at Donald Trump

  01-11-2016 20:05 via cnet.com
  
  The wheels on this Copenhagen bus go round and round, and therein lies the joke.
  
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• Finance Minister Bill Morneau boosts infrastructure plans in fall fiscal update

  01-11-2016 19:56 via cbc.ca
  
  Finance Minister Bill Morneau is responding to the sluggishness of the global economy with a fall economic update Tuesday that boosts infrastructure spending while making it easier for private sector and foreign investors to contribute.
  
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• NASA's Curiosity rover eyes goofy little meteorite on Mars

  01-11-2016 19:29 via cnet.com
  
  Take a close-up look at an otherworldly Mars visitor with a Curiosity rover image of a dainty meteorite.
  
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• Google's Daydream View VR headset hits stores November 10

  01-11-2016 19:18 via cnet.com
  
  The tech giant's plush, fabric-covered VR headset will launch in five countries next week and is available to order now.
  
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• Chevrolet's SEMA cars range from autocross champs to beach-bum pickups

  01-11-2016 19:14 via cnet.com
  
  No matter what you're into, there's something for you at SEMA...if you can find it.
  
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• Data models reveal how swing state voters feel about Trump and Clinton

  01-11-2016 19:13 via techrepublic.com
  
  The presidential race is as tight as it is controversial. Early voting data models by L2 Political illuminates which candidate is least popular with suburban voters in battleground and swing states.
  
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• iOS 10.2 llega en beta pública con nuevos emojis y fondos de pantalla

  01-11-2016 19:12 via cnet.com
  
  La primera beta pública de iOS 10.2 incluye los 'emojis' de Unicode 9.0, nuevos fondos de pantalla y un nuevo efecto para Mensajes.
  
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• Instagram to test new shopping feature

  01-11-2016 19:05 via news.yahoo.com
  
  Retailers will be able to showcase up to five products in a Instagram post, and clicking on the various tags will give users a lot more detail about the product than was previously available, Instagram said in a blog post on Tuesday. The new features are aimed at keeping Instagram users, who now number more than 500 million, on the app for longer during their shopping experience than before, when they would have to exit the app to research and buy products.
  
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• Blizzard @ 25

  01-11-2016 19:05 via cnet.com
  
  Or, How to build worlds for fun and profit
  
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• Hulu's virtual live-TV service will have Fox, Disney networks

  01-11-2016 19:01 via cnet.com
  
  Two of Hulu's owners are putting their networks on the service, which is set to launch next year and combines on-demand shows with live channel streaming.
  
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• How Obama will pass his Twitter account to next president, and what you can learn from it

  01-11-2016 19:01 via techrepublic.com
  
  The White House recently came up with a transition strategy for presidential social media accounts and other properties. Here's what your business can learn.
  
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• Microsoft not happy with Google's disclosure of Windows bug

  01-11-2016 18:57 via cnet.com
  
  The web giant says no fix or advisory has been issued even though it reported the flaw 10 days ago.
  
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• The end of the corporate network is coming

  01-11-2016 18:55 via techrepublic.com
  
  General Electric recently announced it may "disconnect" as many as 5,000 sites from its corporate network. Is the idea of a secure, corporate network for employees past its prime?
  
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• Our cyberdefense will punch back, UK leaders say

  01-11-2016 18:44 via cnet.com
  
  The British government is investing nearly £2 billion in cybersecurity and vows to respond aggressively when faced with online attacks.
  
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• $100 laptop is the highlight of Dell's Black Friday deal slate

  01-11-2016 18:44 via cnet.com
  
  Dell wasted no time rolling out a massive eight-page ad announcing discounts for Black Friday and Cyber Monday 2016.
  
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