• Apple’s new MacBook Pro has a 16-inch screen, bigger battery and more powerful guts—but the redesigned keyboard might be what people care about most Link
    WSJ Business News Sat 16 Nov 2019 17:22

    Apple introduced a 16-inch MacBook Pro on Wednesday, marking a new screen size as well as a departure from the problematic “butterfly” keyboard that triggered customer complaints and drove the company to offer an extended repair program.

    The computer—which is available for purchase Wednesday and replaces the 15-inch MacBook Pro—also has a larger battery, improved speakers and higher maximum memory and storage options.

    Regular...

  • The new bingeworthy drama: Netflix vs. Apple vs. Disney. A WSJ-Harris poll survey found 30% of Netflix subscribers are likely to cancel in the next 3 months to make way for other streaming services Link
    WSJ Business News Sat 16 Nov 2019 16:52

    A new era is dawning in the entertainment world and you’re about to get a whole lot more choices—for better or worse. The streaming wars are here.

    Titans of media and technology are wagering billions that consumers will pay them a monthly fee to stream TV and movies over the internet. Walt Disney Co. is launching a $6.99-a-month service next week, following Apple Inc.’s entry earlier this month. AT&T Inc. and Comcast Corp. ’s NBCUniversal next year will mount their own challenges to streaming juggernaut Netflix Inc.

    The combatants are fighting on the same battlefield, all seeking to lure in subscribers, but they have radically different motivations—and some have far more at stake than others.

  • Chinese video-sharing app TikTok has four times as many downloads in India as in America, with users often filming in public places Link
    WSJ Business News Sat 16 Nov 2019 16:22

    NEW DELHI—As TikTok—the wildly popular video-sharing app from China—encounters suspicion in Washington, D.C., regulators and users are unfazed in its largest international market: India.

    The app has blown up in the South Asian nation more than anywhere else outside of China. India’s TikTok fans are young, new to the internet and largely unemployed. They don’t have much privacy in their small homes so they have popped up in parks and parking lots across the country, shooting 15-second videos that often mimic the dominant form of entertainment in India, Bollywood.

  • Blacklisting websites. Favoring big businesses. Editing autofill responses. This is how Google engineers what you find online. Link
    WSJ Business News Sat 16 Nov 2019 15:51

    Every minute, an estimated 3.8 million queries are typed into Google, prompting its algorithms to spit out results for hotel rates or breast-cancer treatments or the latest news about President Trump.

    They are arguably the most powerful lines of computer code in the global economy, controlling how much of the world accesses information found on the internet, and the starting point for billions of dollars of commerce.

    Twenty...

  • Three months after being cut off from the internet, 8chan, the website associated with mass shootings, went back online this week—but only briefly as the site’s operators duel with its creator Link
    WSJ Business News Sat 16 Nov 2019 15:21

    Three months after being cut off from the internet, the operators of 8chan—the website associated with shootings at New Zealand mosques, a Texas Walmart and a synagogue in California—got it back online this week. But only briefly.

    Reborn under the new name 8kun, the site popped up on the internet on Monday, carrying a warning from its operators that some of the content might be of an “adult, mature or offensive nature.” By week’s end, the site had again gone dark, returned online and then gone dark again after web service providers twice pulled the plug.

  • What would President Bloomberg mean for business? Check out @WSJ's weekly 2020 Election+Business newsletter. Link
    WSJ Business News Thu 14 Nov 2019 16:35

    This week: We look at the near arrival of Michael Bloomberg in the Democratic primary field. We check in on how unemployment has changed in counties that voted for President Trump or Hillary Clinton. And we chat with WSJ congressional reporter Natalie Andrews, who explains why the public impeachment hearings beginning Wednesday are no sideshow for business.

    We’d love to hear your feedback or ideas. Just reply to this email. And if someone forwarded you this email, you can sign up here.

  • RT @marcelolprince: From fighting 'Dumb and Dumber' to fixing WeWork? T-Mobile's pugnacious boss John Legere is in talks to take over as We…
    WSJ Business News Mon 11 Nov 2019 18:02
  • Security researchers agree that for most people, adding text-message authentication is a big step up from only using a password, but that can leave you open to a relatively new attack called SIM swapping Link
    WSJ Business News Sat 09 Nov 2019 21:15
    Security researchers agree that for most people, adding text-message authentication is a big step up from only using a password, but that can leave you open to a relatively new attack called SIM swapping
  • Oil executives are talking up renewables. Sustainability ambitions will go unfulfilled until wind and solar deliver the profits oil assets do writes our columnist @johndstoll Link
    WSJ Business News Sat 09 Nov 2019 20:45

    At first glance, Saudi Aramco’s plans for an enormous December IPO might well suggest the future of Big Oil is robust. Aramco earns more than Amazon.com Inc., Apple Inc. and Microsoft Corp. combined; its market value is expected in the $1.5 trillion to $2 trillion range.

    But not everyone can throw off cash like a Saudi Aramco, which can get oil out of the ground more cheaply than just about any big oil company. Most of the world’s big oil companies face real challenges trying to convince investors that oil isn’t in danger of becoming the next coal, even if such concerns may be wildly premature.

  • Southwest, American say they won’t offer seats on 737 MAX jets until March, nearly a year after the plane was grounded. Link
    WSJ Business News Sat 09 Nov 2019 20:15

    Southwest Airlines  Co. and American Airlines Group Inc. said Friday that they won’t offer seats on their 737 MAX jets until March, nearly a year after regulators around the world grounded the plane.

    The MAX has been grounded since March of this year after an Ethiopian Airlines flight crashed, less than five months after a Lion Air flight went down in Indonesia. The two crashes claimed 346 lives.

  • Videogame companies are planning to lean further on high-margin digital sales this holiday season, as more consumers ditch discs for downloads Link
    WSJ Business News Sat 09 Nov 2019 19:45

    Videogame companies aim to lean further on high-margin digital sales this holiday season, as more consumers ditch discs for downloads and publishers find creative ways to generate revenue from their biggest hits long after release.

    Activision Blizzard Inc., Take-Two Interactive Software Inc. and Electronic Arts Inc. all raised their end-of-year guidance for revenue and net bookings in recent weeks, citing robust consumer spending. The December quarter, which is typically the best revenue-generating period for these companies, is expected to show sustained demand for digitally delivered content.

  • In his first interview since becoming Ferrari CEO, Louis Camilleri talks about the Formula 1 team, electric vehicles, and nixing cheap key chains Link
    WSJ Business News Sat 09 Nov 2019 19:15

    MARANELLO, Italy— Louis Camilleri’s appointment as Ferrari NV’s chief executive in July last year surprised many, including himself. Fifteen months on, his imprint on the Italian luxury sports car maker is becoming evident.

    Mr. Camilleri is grappling with the rise of electric vehicles and the advance of autonomous-driving technology, while also seeking to return Ferrari’s storied Formula One racing team to success after a barren decade. On Monday, he laid out his plan to turn Ferrari into a luxury-goods brand that makes a range of products from apparel to leather accessories, a goal his predecessor, Sergio Marchionne, aspired to but failed to achieve.

  • McDonald’s Corp., which fired its chief executive last week over a consensual relationship with a female employee, first learned of the matter roughly three weeks ago, according to people familiar with the matter Link
    WSJ Business News Sat 09 Nov 2019 18:45

    McDonald’s Corp., which fired its chief executive last week over a consensual relationship with a female employee, first learned of the matter roughly three weeks ago, according to people familiar with the matter.

    After an internal investigation, the company’s general counsel, Jerry Krulewitch, informed the burger giant’s board of the matter, the people said. The board hired New York City law firm Wachtell, Lipton, Rosen & Katz to assess the legal risk from the relationship, the people said. Mr. Krulewitch didn’t respond to a request for comment. Wachtell didn’t immediately respond to a request for comment.

  • Saudi Arabia’s sovereign-wealth fund—also an early investor in Uber—poured $400 million into Travis Kalanick’s CloudKitchens in January Link
    WSJ Business News Sat 09 Nov 2019 18:15

    CloudKitchens is a bet on the food-delivery boomlet. It buys cheap or rundown real estate, often near city centers, where it builds commissary kitchens—also known as ghost kitchens—that it rents to restaurants wanting to prepare food exclusively for delivery services like Grubhub Inc. and DoorDash Inc.

    CloudKitchens also operates its own delivery-only restaurants in the commissaries, with names like Excuse My French Toast, Egg the F* Out, and B*tch Don’t Grill My Cheese.

    Saudi Arabia’s Public Investment Fund, or PIF, has helped fund the company’s rapid global expansion, from multiple cities in the U.S. to China, India and the U.K., according to the people familiar with the deal. Until PIF made its investment, the company was funded with $200 million from Mr. Kalanick himself, using proceeds from sales of Uber shares, one of the people said. He added another $100 million in January, bringing the company’s total to $700 million with the Saudi cash, the person...

  • How did Google come to dominate the online ad market—and why is it under investigation? An illustrated look. Link
    WSJ Business News Sat 09 Nov 2019 17:45

    Nexstar Media Group Inc., the largest local news company in the U.S., recently tested what would happen if it stopped using Google’s technology to place ads on its websites.

    Over several days, the company’s video ad sales plummeted. “That’s a huge revenue hit,” said Tony Katsur, senior vice president at Nexstar. After its brief test, Nexstar switched back to Google.

  • 100,000 Californians want PG&E to pay for the 100 people killed and 26,000 buildings burned in wildfires linked to its equipment. One bankruptcy judge decides. Link
    WSJ Business News Sat 09 Nov 2019 17:15

    PG&E isn’t broke. It is following the survival strategy used by other troubled companies to put a lid on damage claims. For victims, that amounts to a loss of negotiating power and likely means a fraction of the compensation they might receive in a jury trial.

    California investigators have connected PG&E equipment to fires that killed more than 100 people, destroyed 26,000 buildings and burned at least 330,000 acres in 2017 and 2018. Lawyers for fire victims estimate that the utility, which filed for chapter 11 bankruptcy protection in January, is liable for as much as $54 billion in wildfire claims.

    Before filing, PG&E told investors its fire-related liabilities could total more than $30 billion. The company is now offering $20.4 billion to cover all damages, including reimbursement to insurance companies. Of that, $7.5 billion is for residents and business owners hurt by the fires.

    Richard Kelly, then the company’s chairman, said...

  • The so-called Streaming Wars have begun and, you, dear consumer, are right in the middle. These rules can help cut through the confusion Link via @JoannaStern
    WSJ Business News Sat 09 Nov 2019 16:44

    Five gajillion hours of entertainment for the whole family—even your pet guinea pig!

    Original programming we’ll market at you until your eyes bleed!

    Stream 300 different shows on 300 different devices all at once in stunning 4K!

  • ‘I will try to tweet from the mountain top.’ Taking your tech to Kilimanjaro. Link
    WSJ Business News Sat 09 Nov 2019 16:14

    MOUNT KILIMANJARO—At 13,800 feet on Africa’s highest mountain, as the nighttime temperature dipped and I drew my hot-water bottle closer, the following thoughts occurred in quick succession:

    I was toasty in my sleeping bag. My iPhone, sitting on the tent floor, was not. How would I survive if my phone died on the mountain?

  • Meet the man launching Disney's new streaming service: He could be Disney's next CEO. Link
    WSJ Business News Sat 09 Nov 2019 15:44

    Mr. Mayer, 57 years old, has the self-confidence, swagger and jawline of the “Toy Story” character—as well as the astronaut figurine’s relentlessly hard-driving style and bravado.

    Now he is getting a very public test. After more than two decades as one of Disney Chief Executive Robert Iger’s top lieutenants, Mr. Mayer is launching Disney’s bet-the-farm streaming service, Disney+, which will debut Nov. 12.

    Success is critical for Disney. Rather than continuing to sell its movies and television shows to Netflix Inc., Disney is trying to become the Netflix alternative. The company has already spent billions of dollars producing programs for the service and constructing its technical underpinnings. Mr. Iger has told Wall Street he stakes the future of the company on it.

    As Disney’s longtime deals maven, Mr. Mayer has been an important architect of the company’s recent success. He helped orchestrate the four acquisitions that expanded Disney into its modern...

  • A movie about the 1942 battle for Midway was having trouble getting off the ground. Then Chinese money arrived. Link
    WSJ Business News Sat 09 Nov 2019 15:14

    LOS ANGELES—At the after-afterparty for Tuesday’s premiere of his war movie “Midway,” director Roland Emmerich posed for two photos back-to-back as he navigated the sushi tables and tiki torches around his home’s tile-lined pool.

    One was with “Glee” star Darren Criss, who appears in the film as an American pilot fighting the Japanese in the Pacific. The other was with several executives from Starlight Culture Entertainment Group, a Chinese company that financed Mr. Emmerich’s movie.

    “You’re first like, ‘Whoa, who are they?’” said Mr. Emmerich, the director of blockbusters like “Independence Day” and “The Day After Tomorrow,” referring to the Chinese executives. “But now we’re friends.”

  • The new bingeworthy drama: Netflix vs. Apple vs. Disney. A WSJ-Harris poll survey found 30% of Netflix subscribers are likely to cancel in the next 3 months to make way for other streaming services. Link
    WSJ Business News Sat 09 Nov 2019 14:44

    A new era is dawning in the entertainment world and you’re about to get a whole lot more choices—for better or worse. The streaming wars are here.

    Titans of media and technology are wagering billions that consumers will pay them a monthly fee to stream TV and movies over the internet. Walt Disney Co. is launching a $6.99-a-month service next week, following Apple Inc.’s entry earlier this month. AT&T Inc. and Comcast Corp. ’s NBCUniversal next year will mount their own challenges to streaming juggernaut Netflix Inc.

    The combatants are fighting on the same battlefield, all seeking to lure in subscribers, but they have radically different motivations—and some have far more at stake than others.

  • The first hint that his digital life was about to turn upside down—and that he’d lose millions—seemed unremarkable: His phone lost its signal Link
    WSJ Business News Sat 09 Nov 2019 14:14
    Security researchers agree that for most people, adding text-message authentication is a big step up from only using a password, but that can leave you open to a relatively new attack called SIM swapping
  • In his first interview since becoming Ferrari CEO, Louis Camilleri talks about the Formula 1 team, electric vehicles, and nixing cheap key chains Link
    WSJ Business News Sat 09 Nov 2019 13:44

    MARANELLO, Italy— Louis Camilleri’s appointment as Ferrari NV’s chief executive in July last year surprised many, including himself. Fifteen months on, his imprint on the Italian luxury sports car maker is becoming evident.

  • 100,000 Californians want PG&E to pay for the 100 people killed and 26,000 buildings burned in wildfires linked to its equipment. One bankruptcy judge decides. Link
    WSJ Business News Fri 08 Nov 2019 22:54

    PG&E isn’t broke. It is following the survival strategy used by other troubled companies to put a lid on damage claims. For victims, that amounts to a loss of negotiating power and likely means a fraction of the compensation they might receive in a jury trial.

    California investigators have connected PG&E equipment to fires that killed more than 100 people, destroyed 26,000 buildings and burned at least 330,000 acres in 2017 and 2018. Lawyers for fire victims estimate that the utility, which filed for chapter 11 bankruptcy protection in January, is liable for as much as $54 billion in wildfire claims.

    Before filing, PG&E told investors its fire-related liabilities could total more than $30 billion. The company is now offering $20.4 billion to cover all damages, including reimbursement to insurance companies. Of that, $7.5 billion is for residents and business owners hurt by the fires.

    Richard Kelly, then the company’s chairman, said...

  • McDonald’s Corp., which fired its chief executive last week over a consensual relationship with a female employee, first learned of the matter roughly three weeks ago, according to people familiar with the matter Link
    WSJ Business News Fri 08 Nov 2019 22:24

    McDonald’s Corp. , which fired its chief executive last week over a consensual relationship with a female employee, first learned of the matter roughly three weeks ago, according to people familiar with the matter.

    After an internal investigation, the company’s general counsel, Jerry Krulewitch, informed the burger giant’s board of the matter, the people said. The board hired New York City law firm Wachtell, Lipton, Rosen & Katz to assess the legal risk from the relationship, the people said. Mr. Krulewitch didn’t respond to a request for comment. Wachtell didn’t immediately respond to a request for comment.

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