(Reuters) -World Wrestling Entertainment Inc on Wednesday reported a drop in first-quarter revenue and operating income due to a delay in a key event but maintained its full-year earnings forecast. The sports entertainment company said it continues to target “record revenue” and adjusted operating income before depreciation and amortization (OIBDA) of $395 million to $410…
(Reuters) – Smartwatch and navigation equipment maker Garmin Ltd topped first-quarter revenue estimates on Wednesday, boosted by strong growth in its businesses catering to the aviation and marine industries. Garmin’s diversified business is helping the company navigate a downturn in spending from recession-wary consumers, which pushed down sales at its outdoor unit – the biggest…
By Lisa Richwine and Rollo Ross LOS ANGELES (Reuters) – Hollywood film and television writers went on strike on Tuesday, shutting down late-night TV shows, and took their demands for higher pay to the doors of major studios in a labor dispute that hinges on how the streaming boom is changing show business. Hundreds of…
By Mike Dolan LONDON (Reuters) -The surging euro may be the European Central Bank’s best friend for a change. Unlike much of the past 15 years, euro strength is on the ECB’s side as it meets on Thursday. And it is unlikely to restrain the central bank from tightening further. With so much focus on…
(Reuters) – Twitter chief Elon Musk has “threatened” to reassign National Public Radio’s Twitter account to another company, the U.S.-based broadcaster said on Tuesday. Musk suggested that he would reassign the network’s main account, under the @NPR handle, to another organization or person, NPR said. NPR stopped posting content to its 52 official Twitter feeds…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday refused to let Peloton Interactive Inc customers pursue a class action accusing the bike and treadmill maker of misleading them about the “ever-growing” size of its library of on-demand fitness classes. In a 74-page decision, U.S. District Judge Lewis Liman in Manhattan said…
By David Shepardson WASHINGTON (Reuters) -The Biden administration does not plan to extend a July 1 deadline for airlines to upgrade airplane altimeters, the measuring instruments that are crucial for bad-weather landings, to address potential interference from 5G wireless technology, Transportation Secretary Pete Buttigieg said. Buttigieg in a call on Tuesday told airlines that the…
By Anthony Boadle BRASILIA (Reuters) – Brazil’s government and judiciary objected on Tuesday to big tech firms campaigning against an internet regulation bill aimed at cracking down on fake news, alleging undue interference in the debate in Congress. Bill 2630, also known as the Fake News Law, puts the onus on the internet companies, search…
By Chavi Mehta, Jane Lanhee Lee and Stephen Nellis (Reuters) -Advanced Micro Devices shares slumped on Tuesday after the chipmaker forecast quarterly sales below estimates due to a weak PC market, overshadowing the company’s optimism that the chip market would start to recover in the second half of 2023. The company also missed analyst estimates…
By Sheila Dang (Reuters) -TikTok said on Tuesday its head of U.S. trust and safety, Eric Han, will depart the company on May 12, leaving the popular short-form video app without a key executive as it fights the threat of a ban in the U.S. TikTok, which is owned by Chinese tech company ByteDance, has…
