Month: November 2019

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UPDATE 1-Disney+ launch marred by glitches as demand overwhelms

November 12, 2019 admin Comments Off on UPDATE 1-Disney+ launch marred by glitches as demand overwhelms

Walt Disney Co said demand for its much-anticipated streaming service, Disney+, was well above its expectations in a launch on Tuesday marred by complaints from users about glitches and connection problems. Disney+ is relying on its extensive library of movies and TV shows as well as a new slate of content to take on market-leader Netflix Inc and Apple TV+, Apple Inc’s newly launched streaming service. Shares of Disney were up 1.5%, while Netflix shares were down nearly 2%. …read more […]

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UPDATE 1-Warren proposes 'corporate perjury' law related to industry-funded research

November 12, 2019 admin Comments Off on UPDATE 1-Warren proposes 'corporate perjury' law related to industry-funded research

U.S. Senator Elizabeth Warren on Tuesday proposed a new “corporate perjury” law that she would pursue if elected to the White House, inspired by Exxon Mobil Corp’s past failure to share accurate climate change research with government regulators. “No one would be liable for mistakes, for submitting research in good faith that turns out to be wrong, or for raising honest disagreements,” Warren wrote on the website Medium. “ExxonMobil has continuously and publicly researched and discussed the risks of climate change, carbon life-cycle analysis and emissions reductions,” Exxon’s Scott Silvestri said. …read more […]

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Alibaba-backed EV startup XPeng raises nearly $400 mln for growth -sources

November 12, 2019 admin Comments Off on Alibaba-backed EV startup XPeng raises nearly $400 mln for growth -sources

HONG KONG/BEIJING, Nov 12 (Reuters) – Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, has raised nearly $400 million from investors including Xiaomi Corp to fund its growth, said two people with knowledge of the matter. The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector and produce convincing arguments about future profitability despite government cuts to EV subsidies and plans to phase them out. The latest fundraising values the five-year-old firm, founded by 42-year-old …read more […]

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Embraer lowers dividend guidance, burns cash, as Boeing deal hits snags

November 12, 2019 admin Comments Off on Embraer lowers dividend guidance, burns cash, as Boeing deal hits snags

Brazilian planemaker Embraer signalled it may issue a smaller dividend to shareholders as it burns through cash before finalizing a $4.2 billion commercial passenger jet deal with Boeing, which faces regulatory hurdles. Embraer now expects the dividend to range between $1.3 billion-$1.6 billion, compared with previous guidance of $1.6-billion-$1.7 billion, the company said in a securities filing. During an earnings call with analysts, executives said the dividend guidance was lowered due to additional cash needs in 2019, partly due to cost base revisions to a new military plane. …read more […]