Companies Headlines

  • BuzzFeed says it still remains confident in its story

    "If true" are two of the most dangerous words in journalism. They were spoken hundreds of times in the coverage of BuzzFeed's potentially explosive report. On Thursday night BuzzFeed rocked the worlds of politics, media and law with its story, attributed to two sources, that President Trump told Michael Cohen to lie to Congress. But now there's been a shift from "if true" to "what's untrue." The office of special counsel Robert Mueller said Friday evening the story contained information that is...

    WPLG
  • House Democrats to propose $1 billion for border security, no money for wall

    House Democrats are pushing forward with legislation to beef up security at the borders without funding for the wall demanded by President Donald Trump, a move bound to intensify the standoff over a partial government shutdown heading into its fifth week. As part of a package of six spending bills, House Democrats next week will vote on $1 billion for additional border security measures, according to a Democratic source. News of the Democrats' push to vote on more border funding comes as Trump...

    WPLG
  • At least 20 killed, dozens injured in pipeline explosion in Mexico

    At least 20 people were killed in central Mexico after a ruptured gasoline pipeline blew up Friday evening, the governor of the state of Hidalgo said. Hidalgo Gov. Omar Fayad said at least 71 others were injured after a explosion in Tlahuelilpan, a town about 80 miles north of Mexico City. In a statement, state oil company Pemex said the explosion was caused by illegal taps in the pipeline. Fayad called on the community to not steal gasoline. Residents who live in the immediate vicinity of the...

    WPLG
  • BuzzFeed editor calls on Mueller to clarify what he's disputing

    Now that the special counsel's office has taken the rare step of disputing a news report about its investigation, BuzzFeed is challenging the special counsel to be more specific. "We stand by the reporting in this story," BuzzFeed News editor in chief Ben Smith said on "Anderson Cooper 360" Friday evening. "We spoke to, as we described in the story, two federal law enforcement officials involved in the investigation -- we're not playing any games with that characterization -- who told us that...

    WPLG
  • Hunter Biden says divorce won't impact whether his father runs

    Hunter Biden, the son of former Vice President Joe Biden, doesn't think his divorce and business dealings will affect whether his father will decide to run for president in 2020, he told Vanity Fair in a statement. Hunter Biden addressed his divorce and controversial business dealings while reflecting on his relationship with his father ahead of Joe Biden's impending decision whether to announce a 2020 presidential bid. The magazine had asked Hunter Biden if he thought his personal life and...

    WPLG
  • Republicans stay mum on bombshell BuzzFeed reporting

    Republicans are so far reacting cautiously -- or keeping quiet -- in the wake of a bombshell BuzzFeed News report that President Donald Trump directed his former attorney Michael Cohen to lie to Congress. Some GOP lawmakers emphasized on Friday that they want to see what can be verified before discussing potential consequences, while others sounded reluctant to weigh in altogether. Sen. James Lankford told CNN on Friday that "we are waiting to see what's true" from the report. The Oklahoma...

    WPLG
  • The problem with Netflix's viewership numbers

    Netflix typically keeps its viewership numbers a secret, but the company offered the public a rare glimpse of how some of its original programming fared in an earnings report that came out on Thursday. Media observers, however,were immediately skeptical. "Sooooo we're just taking Netflix's self-reported numbers as fact now, cool, cool," New York Times TV critic James Poniewozik tweeted. "Related: I am on track to have six-pack abs within the month." Daniel Fienberg, The Hollywood Reporter's TV...

    WPLG
  • Apple, YouTube and Netflix accused of breaking EU privacy laws

    A cohort of technology companies including Apple, Netflix, YouTube, and Amazon have been accused of breaching European privacy laws in an official complaint.

    The Telegraph
  • Netflix is burning through cash, but it can't last forever

    Netflix is winning the streaming wars by burning staggering amounts of cash. To pay for blockbuster original hits like "Bird Box," "House of Cards" and "Ozark," Netflix (NFLX) burned through $3 billion in 2018. Negative free cash flow accelerated to $1.3 billion in the fourth quarter, more than double the year before. It's not a onetime phenomenon. Netflix said on Thursday it expects to go through another $3 billion in 2019 to fund more content and splashy marketing aimed at luring in even more...

    WPLG
  • Last year's market losers are this year's big winners

    Some of 2018's biggest market dogs are now among the best performers so far this year.General Electric (GE) plunged more than 50% last year and was kicked out of the Dow last June. But it already has soared more than 20% this year. Investment banking giant Goldman Sachs (GS) is up about 20% so far in 2019. It was the worst Dow stock last year, falling nearly 35%.IBM (IBM), the Dow's second-worst stock of 2018, has also enjoyed a comeback. Shares are up 9%.It isn't just the worst of the Dow last...

    WPLG
  • Sears creditors condemn plan to save store, citing 'misconduct'

    Sears creditors are still trying to stop chairman Eddie Lampert from buying the beleaguered retailer. The creditors filed an objection in bankruptcy court late Thursday to the former Sears CEO's $5.2 billion bid for the company. They blamed Lampert for the problems that led to Sears' downfall. The creditors, who are owed at least a combined $3.4 billion, acknowledged that Sears was hurt by the rise of big box rivals and online shopping. But they claimed the company's undoing "was precipitated by...

    WPLG
  • Elon Musk's 'incredibly expensive' tunneling plans unrealistic, says Uber

    Elon Musk’s plans for underground tunnels to solve congestion in cities are unrealistic because they are too expensive to dig, Uber has said.

    The Telegraph
  • Lance Armstrong makes first investment in new venture capitalist career

    Lance Armstrong, the former cyclist who has been banned for life from the sport following a doping scandal, has made his first investment in his new career as a venture capitalist.

    The Telegraph
  • French ex-central banker joins board of UK fintech Setl

    UK fintech company Setl has recruited former Banque de France governor Christian Noyer to its board ahead of growth plans in Europe, Asia and the US.

    The Telegraph
  • Here's what to know for 2019 Women's Marches

    The third year of Women's Marches is expected to bring thousands or protesters to cities all over the US, but during the past few weeks, there's also been controversy over leadership, an evolving agenda and inclusion. Here's a guide to the events that are (or are not) happening in your city: Where it's happening Washington D.C. Although accusations of anti-Semitism have been lobbied against the leadership of the D.C. organizers, Women's March, Inc., Chief Operating Officer Rachel Carmona told...

    WPLG
  • Tesla slashing its workforce by 7%

    Tesla has announced plans to reduce its full-time workforce by 7% as it works to increase Model 3 production and cut prices. CEO Elon Musk told workers about the job cuts Friday in a letter that Tesla posted online. The company will only retain the most critical temps and contractors, Musk said. Must wrote in the letter that Tesla is "up against massive, entrenched competitors" and must work "much harder than other manufacturers to survive while building affordable, sustainable products." "To...

    WPLG
  • Polls agree: Americans don't like shutdown, blame Trump

    As the partial government shutdown nears the one-month mark, there have been a number of public opinion polls examining how the public feels about the shutdown, which was sparked by a funding standoff over President Donald Trump's proposal for a new wall along the border with Mexico. Six high-quality polls have been released this week touching on Trump, the shutdown, the Democrats in Congress and the wall. Most confirmed what we already knew from before the shutdown started: Opposition to a...

    WPLG
  • Sophos share price collapses by a fifth on subdued trading update

    Cyber security company Sophos suffered a bruising from investors after it reported a decline in billings and new customer sign ups.

    The Telegraph
  • BuzzFeed: Sources say Trump directed Cohen to lie to Congress

    President Donald Trump personally directed his longtime former attorney Michael Cohen to lie to Congress about the Moscow Trump Tower project, two federal law enforcement officials involved in an investigation of the matter told BuzzFeed. The law enforcement officials told BuzzFeed that Trump directed Cohen to claim negotiations to build a Trump Tower in Moscow ended months earlier than they actually did. The law enforcement sources told BuzzFeed that Cohen confirmed to special counsel Robert...

    WPLG
  • Amazon investors: Quit selling facial-recognition tech to gov't

    Amazon investors are urging the company to halt sales of its facial-recognition software to government agencies over fears the technology could be used to violate people's rights. In a resolution filed Thursday, a group of shareholders asked Amazon's board to stop selling its tool, Rekognition, to governments unless a third-party evaluation determines it "does not cause or contribute to actual or potential violations of civil and human rights." The group was organized by Open MIC, a nonprofit...

    WPLG
  • MLK national park will reopen during government shutdown

    The National Park Service will use a grant from Delta Air Lines and fee revenues to reopen the Martin Luther King Jr. National Historical Park in Atlanta despite the government shutdown. Most sites of the park, including the historic Ebenezer Baptist Church and King's birth home, have been closed since the partial government shutdown began on December 22. Travelers missed their chance to relive the civil rights leader's legacy and many others were worried they could not visit the sites during...

    WPLG
  • Netflix now has 139 million paying subscribers

    Netflix is quickly approaching 150 million subscribers. Netflix (NFLX) said Thursday that it added nearly nine million new paying subscribers during the final three months of 2018, beating its own expectations of 7.6 million new subscribers. The service now has 139 million subscribers globally. It expects to add another 8.9 million subscribers in the quarter that ends in March. Expectations were high for the company heading into the holiday quarter report. The stock had soared roughly 50% from...

    WPLG
  • Lampert's winning bid for Sears swelled to $5.2 billion

    Eddie Lampert's plan to save Sears cost an extra $200 million before it became official. The chairman and former CEO of Sears Holdings won an auction for the company's operating assets Wednesday, but the details weren't clear until Thursday. The value of the final bid for Sears came in at $5.2 billion, a $200 million increase over Lampert's original offer, which he made through his hedge fund. Negotiators worked throughout the day Tuesday and into the early hours of Wednesday to hammer out an...

    WPLG
  • Reporter: Trump called him after Putin meeting to defend Russia

    A New York Times reporter said President Donald Trump called him last year to insist that Russia was falsely accused of election interference. Times' reporter David Sanger told CNN Thursday that he was the reporter Trump telephoned from Air Force One while on his way back from Germany after meeting with Russian President Vladimir Putin face-to-face for the first time. "'Vladimir Putin told me,' (Trump) said, 'that it couldn't have been the Russians who hacked into the (Democratic National...

    WPLG