Facebook Inc. saw a 44.8 percent increase in total revenue in the second quarter from the same time last year, putting it at $9.32 billion. Facebook plans to increase revenue even further by monetizing WhatsApp and Messenger, its two messaging services with over 1 billion users each.
Viacom Inc wants to acquire Scripps Networks Inc. — and it will pay all cash for the company if that’s what it takes. The move, if successful, could result in Viacom losing its investment-grade debt status, after being downgraded by Moody’s last year.
Michael Kors Holdings agreed to acquire Jimmy Choo for roughly $1.2 billion. The luxury shoe company offers an opportunity to Michael Kors to expand in a retail landscape where it’s been faced with a falling share price and a shrinking market due to store closures
Tony Hall, director-general of the BBC, announced an “accelerated” effort to close the salary disparity between men and women at the company. An annual BBC salary report released last week revealed that two-thirds of its highest salaries were given to men.
Trademarks registered to Amazon.com Inc. indicate the company could be readying a foray into the home delivery meal kit service industry, as well as ready-made meals and possibly even fast food.
Sears Holdings Corp. could get a boost in an area where it’s been struggling — e-commerce — by listing its Kenmore appliances on Amazon.com Inc. and adding Amazon’s voice assistant, Alexa, to its existing smart appliances.
People are most often going to Facebook Inc. for their news, and at twice the rate they’re visiting even traditional news sites, polling shows. Forty-two percent of survey respondents said they access Facebook for news multiple times a day.
Discovery Communications Inc., which is worth around $15 billion, and Scripps Networks Interactive Inc, valued at $8.8 billion, are contemplating a merger. They previously abandoned a deal in 2014 but are looking this time around at uniting in the face of competition from online media and streaming services.
Americans are either reticent to try a home delivery meal kit service at all or only willing to try it once, according to a recent Morning Consult survey — but as the industry grows, at least one company is offering a low-cost alternative.
The Walt Disney Co. is giving its Epcot theme park a new look that will include more character stories, the company announced at an expo in Anaheim, Calif., over the weekend. The park gets fewer visitors than the Magic Kingdom, despite being twice the size, and executives are banking on the idea that adding more film-related attractions will prove lucrative.