BizTechNews

Why your cable company wants to make movies

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Your cable company is becoming a movie studio. Your Internet provider delivers you sports highlights. What’s next — TV shows brought to you by the electric company? Something that radical may not happen. But media convergence, a term that springs up when one traditional media industry makes moves on another — say newspapers buying TV stations — is again in full swing. ...

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Tim Cook on China: ‘I could not be more optimistic’

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SAN FRANCISCO — Apple is doing just fine. In his first public appearance since Apple announced its first quarterly sales drop in 13 years, company CEO Tim Cook on Monday said reports and speculation of its slow fade are a “huge overreaction.” “We had an incredible quarter by absolute standards,” Cook told CNBC’s Jim Cramer on the Mad Money program. Apple reported a ...

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Need small business help? We’ve got answers — Wednesday at 12 p.m. ET.

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Maybe your business is growing like gangbusters and you’re trying to figure out how to handle all the customers coming your way. Or you aren’t quite sure how to market your new product. You might have an employee who isn’t quite cutting it, and you don’t know what to do. Every business owner at some point could use some advice, right? Never fear. ...

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Stocks jump in first trading day of May

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Stocks closed higher Monday as Wall Street shook off last week’s sharp decline and as Japanese stocks continue to struggle on dashed hopes for more stimulus moves. The Dow Jones industrial average closed higher by 117.52 points, or 0.7%, to 17,891, after falling 230 points last week. The Standard & Poor’s 500 index gained 0.8% to 2081. The Nasdaq composite index ...

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Wolff: Will Britain head for the exit?

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What is an American to make of “Brexit,” the hard-to-pronounce movement in Britain to exit theEuropean Union, which will have its dénouement in a national referendum June 23? With some polls favoring an exit vote, President Obama, trying to exert American self interest, recently wandered into this increasingly bitter debate. In an effort to help the remain side (“Bremain”), Obama rather casually ...

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Rieder: Another Hollywood star turn for journalism

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In his bravura, take-no-prisoners star turn at the White House Correspondents’ Dinner on Saturday night, President Obama eviscerated a wide variety of targets. The press was hardly off-limits. With performers from the Oscar-winning movieSpotlight in the house, Obama said: “As you know, Spotlight is a film about investigative journalists with the resources, the autonomy, to chase down the truth and hold the powerful ...

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Chinese business travel boom brings opportunities for U.S. companies

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China has surpassed the USA in the amount of money spent on business travel, and industries ranging from planemakers to hotels to luggage companies are clamoring for a foothold in the massive new market. In 2015, business travel spending by the Chinese reached $291.2 billion compared with the $290.2 billion spent by their American counterparts, according to a report from the Global Business Travel Association. ...

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$1 a year? The 9 absolutely lowest-paid CEOs

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Getting paid millions of dollars a year seems to be the given right of most CEOs. But a few can’t even scratch together five quarters with what they were paid last year. There are nine current CEOs at companies in the Standard & Poor’s 1500 index, including Kosta Kartsotis of watch and accessory maker Fossil (FOSL), John Mackey, co-CEO ofWhole Foods Market (WFM), Larry ...

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Puerto Rico to default further on debts

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The confrontation between debt-swamped Puerto Rico and its creditors is intensifying as the U.S. territory will default on payments due Monday, deepening the island’s financial crisis and placing additional pressure on Congress to intervene. The debt crisis threatens to resuscitate moribund ideological debates over the propriety of federal bailouts and the impact of fiscal mismanagement on the lives of real people faced with ...

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#IvoryBurn: Kenya Torches Tons of Ivory to Save Its Elephants

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The country will burn at least 100 tons of ivory (with a street value of at least $130 million) to stem the tide of poaching its precious pachyderms. For the past week, men have unloaded tons of ivory at the Nairobi National Park and built them into towers of up to 10 feet tall and 20 feet across. On Saturday, ...

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