Topic:

Financial News

Latest Headlines

Latest Headlines

Netflix to close Oregon call center as it centralizes DVD operations

The dominance of Netflix's online streaming service came to light once again this week as the provider announced that it will be closing one of its call centers devoted to helping DVD customers, and either relocating or laying off 188 employees.

America Movil's Q3 profit slides 39% to $754M

América Móvil reported that its net profit dropped 38 percent year-over-year to $754 million, falling short of analyst expectations due to an increase in taxes and weak results at its European holdings Telekom Austria and KPN.

Amazon stays mum on Twitch plans, original content spend as investor jitters climb

Executives of online retail giant and SVOD provider Amazon, in the wake of a third quarter in which it posted record losses, were more subdued on the company's earnings conference call when it came to talking about their online streaming plans.

Juniper plans more cost reductions as Q3 revenues slide 5% to $1.1B

Juniper said it plans to conduct additional cost reductions after reporting that third-quarter 2014 revenues fell 5 percent year-over-year and 8 percent sequentially to $1.13 billion amidst falling U.S. service provider sales.

Telekom Austria reports strong Q3 results, agrees Macedonia merger

Telekom Austria rounded off a busy week with a set of results that produced approving nods from analysts and showed continued signs of improvement on Austria's highly competitive mobile market.

Orange rallies in Q3, calls for rivals to lead France's mobile consolidation

Orange produced better-than-expected results in the third quarter of 2014 as the France-based operator halted the pace of revenue decline and made progress with cost cutting.

Cable upfront dropped 6 percent to $9.6B, advertising bureau says

Giving specific size and scope to the advertising slowdown the TV business is currently experiencing, cable networks saw their collective upfront ad haul drop 6 percent over the summer to $9.6 billion, according to statistics released by the Cable Advertising Bureau.

TWC bill goes viral: What cable can learn from celebrities in the age of social media

Just as athletes, actors and other celebrities have to deal with a new code of conduct in a world in which words, images and video travel fast, pay-TV providers are finding that their misdeeds and customer unfriendly billing practices can assume an exaggerated presence on the Internet.

Liberty Global effectively splits company with introduction of Latin America tracking stock

Liberty Global said it will introduce a new tracking stock for its Latin American operations, splitting trading of its European cable operations and Latin American and Caribbean media businesses.

DirecTV techs file 24 labor complaints in last 7 days, report says

Employees of companies that perform technical work for DirecTV have filed two dozen federal lawsuits in the last seven days, arguing that they should treated as employees of the satellite operator.