The EU could force Netflix to spend up to 26% of its French revenue funding European films and TV shows
Netflix On Wednesday, the European Union proposed new rules that could force Netflix, and other streaming services, to give a chunk of their revenue to fund European films and TV shows. Netflix’s European headquarters are in the Netherlands, which has served to insulate it from some laws in other EU countries. But the European Commission indicated that these new rules could allow other member countries, like France, to seek money to finance their domestic TV and film industries, even if a stre..>> view originalU.S. dollar awakens ahead of Yellen speech
The strong dollar could be coming back very soon. After rallying last year, the dollar stumbled at the start of 2016. One key measure for the dollar, the ICE dollar futures index, fell on May 2 to its lowest point in over a year. But a slew of good economic news and optimistic comments by Federal Reserve officials have brought some burnish back to the dollar, which is up 3% in the last three weeks. Fed Chair Janet Yellen speaks Friday on the economy at Harvard and her comments could acc..>> view originalSeattle Power Restored After Thousands See Workday Disrupted
A blackout in downtown Seattle after a utility-equipment failure left thousands of people without power for about an hour. Power was restored at about 12:30 p.m. local time, utility Seattle City Light said in a statement posted on Twitter. Office workers at Zillow Group Inc., law firm Perkins Coie and other downtown Seattle companies milled around outside their buildings after leaving by fire exits. The streets were congested with buses and cars, with vehicles stopping at every intersection an..>> view originalGlass Lewis recommends shareholders vote for Tribune Publishing board
Shareholder advisory firm Glass Lewis & Co said in a report that Tribune Publishing Co (TPUB.N) shareholders should not heed Gannett Co Inc's (GCI.N) call to withhold votes for Tribune's board nominees at its upcoming annual meeting on June 2."We believe Gannett has offered insufficient cause for investors to support its current campaign," Glass Lewis said in the report, which was published on Tuesday and seen by Reuters Wednesday. Gannett missed the nomination deadline for offering its own sl..>> view originalHP Enterprise unit's merger with CSC no shield from cloudburst
Hewlett Packard Enterprise Co's (HPE.N) planned merger of its struggling IT services business with Computer Sciences Corp (CSC.N) could generate considerable savings, but it won't stop customers from defecting to cloud services.The merger, which will result in a company with annual revenue of about $26 billion, brings together HP's clout in the pharma and transportation industries and CSC's heft in the insurance, healthcare and banking sectors.The deal will create the world's third-largest IT ..>> view originalHP reports mixed quarter, falling PC and printing revenues
Looking ahead, the company said it was looking for adjusted third-quarter earnings between 37 cents and 40 cents per share. Wall Street had on average expected about 40 cents, according to Reuters. HP also lowered the upper end of its full-year guidance: It said that it expected adjusted fiscal year earnings between $1.59 and $1.65 per share — it had previously said it was looking for $1.69 on the high side of its expectations. Still, Wall Street had only on average expected full-year e..>> view originalEx-McDonald's CEO says raising the minimum wage will help robots take jobs
A former McDonald’s chief executive says raising the minimum wage is “nonsense.” (Gene J. Puskar/AP) A former McDonald’s chief executive has warned that raising the minimum wage will spur unemployment as companies will instead employ robots that work for less. “I guarantee you if a $15 minimum wage goes across the country you’re going to see a job loss like you can’t believe,” said Edward Rensi in an appearance on Fox Business Network Tuesday. “It’s cheaper to buy a $35,000 robotic arm tha..>> view originalHow much a decent apartment costs you in every county
Magnum Real Estate Group's new condominium tower at 389 East 89th Street in New York. At the Upper East Side property, two-bedroom apartments start at $1.58 million for a unit with 1,098 square feet. (Michael Nagle/Bloomberg) A decent two-bedroom rental today will cost you on average more than you could afford working full time on the local minimum wage everywhere in America — in every state, every county, every metropolitan area. No matter how you draw the geography. Whether you live in Si..>> view originalOil nears $50/barrel on inventory data, boosting stocks
NEW YORK Oil prices climbed to just shy of $50 a barrel on Wednesday after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets.Growing bets on a possible Federal Reserve rate increase as early as in June or July reduced demand for U.S. government debt.Investors' expectations for higher borrowing costs have risen since last week's minutes from the central bank's April meeting signaled a June increase was on the table. Comments from policymakers and u..>> view originalExxon, Chevron Shareholders Defeat Anti-Drilling Proposals
Big Oil investors voted to continue doing the thing that has defined the industry since the 19th century: drilling for crude.Shareholders of Exxon Mobil Corp. and Chevron Corp. overwhelmingly rejected resolutions backed by environmental activists on Wednesday that would have curtailed exploration for new oil fields and funneled the money to investors in the form of higher dividends and share buybacks.The “no" votes reached 96 percent at both companies, where other climate-related proposals also..>> view original
Thursday, May 26, 2016
The EU could force Netflix to spend up to 26% of its French revenue funding European films and TV shows and other top stories.
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