Apple Inc.

China Has an Apology Playbook. The NBA Has Another Idea.

China Has an Apology Playbook. The NBA Has Another Idea.

SHANGHAI—China usually gets what it wants from companies that come here and play by its rules. But what Beijing wants in its standoff with the NBA is the one concession the league has been unwilling to make: an apology. Many companies have apologized to China after “hurting the feelings of the Chinese people,” with hardly…



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‘Friends’ to Move to HBO Max, WarnerMedia’s New Streaming Service

WarnerMedia’s new direct-to-consumer service will be the exclusive streaming home of the classic sitcom “Friends” as well as more than a dozen original shows and movies, as the entertainment giant sharpens its strategy to take on Netflix Inc.The new service, HBO Max, will launch widely in the spring, following a limited launch late this year,…


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Netflix to Lose No. 1 Show ‘The Office’ to Comcast in 2021

Netflix Inc. will lose its No. 1 show, “The Office,” in 2021 when reruns of the hit sitcom move to a new streaming service being launched by Comcast Corp.’s NBCUniversal, the latest sign of competition over top programming among Hollywood’s titans. Terms of the five-year deal weren’t disclosed. People familiar with the matter said it…


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Berkshire meeting offers glimpse of post-Buffett leadership

Berkshire Hathaway Inc.’s annual shareholder meeting often features questions about the challenges and strategies of whoever succeeds Chief Executive Officer Warren Buffett. This year, investors got to see the likely candidates in action.When confronted on a question about succession, Buffett pointed out that deputies Greg Abel and Ajit Jain were there and available to take…


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LIVE: Here come Apple’s earnings

Apple reported fiscal second-quarter results Tuesday that beat Wall Street’s forecasts. Although its sales and earnings were below those it posted in its second quarter last year, they were better than analysts were expecting. The company’s shares were up 6% in after-hours trading following its report. Watch Apple trade live. Investors cheered Tuesday after Apple’s…


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Apple optimistic on sales as iPhone price cuts help in China, shares rise

Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple’s price cuts there are helping limit sales declines.IPhone sales marked their steepest decline ever, falling 17 per cent in the fiscal second quarter from a year earlier and slightly…




Ottawa proposing new oversight framework for payments companies amid flood of new players

Ottawa proposing new oversight framework for payments companies amid flood of new players

The Canadian government is proposing to bring more order to the rapidly changing world of payments.One of the annexes to this week’s federal budget included three paragraphs on “Supporting an Innovative and Well-Functioning Canadian Payments System.”The section stated the federal government was proposing to bring in a new framework under which certain payment providers would…