Tools
Change country:
Business | New York Post
Business | New York Post
DirecTV to become standalone company through $16B AT&T, TPG deal
Telecom giant AT&T has inked a deal with private equity firm TPG that calls for struggling satellite TV provider DirecTV to become a standalone company. The deal calls for AT&T to sell a 30 percent stake in DirecTV, AT&T TV and its U-Verse to TPG in exchange for $1.8 billion in cash. The transaction values...
nypost.com
Twitter shares hit record high as it forecasts doubling revenue in 2023
Twitter said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users in 2023, sending its shares up more than 8 percent. In an announcement ahead of its investor presentation Thursday, Twitter said it will increase the number of features it launches to increase revenue and users. The social media network...
nypost.com
Costco to hike its minimum wage to $16 an hour
Costco is boosting its minimum hourly wage to $16 starting next week, the warehouse retailer’s chief executive said during congressional testimony on Thursday. The $1-an-hour wage increase exceeds the pay that competitors Target, Walmart and other big-box retailers offer their employees and comes amid a national discussion about raising the federal minimum wage to $15...
nypost.com
US workers file 730,000 jobless claims in unexpected drop
The number of Americans seeking unemployment benefits dropped more than expected last week but remained at historic highs as the coronavirus crisis continued. Last week’s 730,000 initial jobless claims brought the total for the COVID-19 pandemic to about 79.6 million — a number equivalent to nearly half of the American workforce. The latest filings fell from...
nypost.com
Australia passes news content law after battles with Facebook, Google
Australia’s parliament officially passed a landmark law Thursday effectively forcing tech titans to pay for news content following intense public opposition from Facebook and Google. The first-of-its-kind measure cleared its last hurdle when the parliament approved a set of amendments made to appease Facebook, which blocked Australian users from viewing or sharing news articles last...
nypost.com
Fry’s Electronics abruptly goes out of business
Fry’s Electronics — a big-box retailer that grew rapidly in the 1990s with a chain of giant and sometimes wildly decorated stores — abruptly announced that it’s going out of business. The San Jose, Calif.-based retailer said in a Wednesday statement it “has made the difficult decision to shut down its operations and close its...
2 d
nypost.com