Netflix said Tuesday that it had reached 70 million monthly active users on its ad-supported plan, two years after launching its cheaper subscription tier that includes commercials. That’s up from May, when the company reported having 40 million monthly users on the ad version. The Los Gatos, Calif., streamer has also been diversifying its content,…
SEATTLE — Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists’ union. The pink slips went out last week to members of…
Takata filed for bankruptcy amid “the largest and most complex safety recall in U.S. history,” according to the National Highway Traffic Safety Administration (NHTSA). Not only did the recall cost the Japanese automotive parts company billions of dollars, but the duration of this recall added to its complexity. The recall did not take a couple…
John Mayer and movie director McG have agreed to buy the Jim Henson Company Lot, a legendary studio in Hollywood founded by Charlie Chaplin. Singer-songwriter Mayer occupies an office on the lot and has been working for months to buy it from the family of the famed Muppets creator, according to a real estate industry…
Radio and podcast giant iHeartMedia has laid off 13 employees at KFI-AM (640), cutting the news staff of the Los Angeles radio station in half. KFI-AM (640) news director Chris Little, who was among the terminated staff members, revealed Tuesday on X that his team of 25 was reduced to 12. Little joined the station…
Olive oil prices are about to dip. The largest producer of olive oil plans to slash prices in half now that the weather-fueled crisis that has caused the “liquid gold” to skyrocket in recent months appears to be over. Harvests in southern Europe are slowly recovering from a prolonged period of extreme weather and drought,…
President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as Energy secretary in a second Trump administration WASHINGTON — President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty…
The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid…
In the world of no-fee and low-fee brokers, Robinhood is the leader, but it’s facing increasingly stiff competition from an upstart known as Webull, founded by one of the top executives from Chinese-based e-commerce giant Alibaba. And it’s Webull’s ties to China — seen increasingly as a US adversary — that could pose a major roadblock…
LIMA, Peru — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of robust economic engagement, the Asia-Pacific Economic Cooperation forum wrapped up Saturday with a spirit of detente that many fear the annual summit may not see again for the next four years. The 21 leaders from…
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