Business
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Paramount signs 10-year lease for a New Jersey production facility
Paramount has signed a 10-year lease on a film and television production facility currently under construction in New Jersey, a move that will give the entertainment company access to that state's tax incentive program.
The future 58-acre facility, known as 1888 Studios, will be located in Bayonne, N.J., and is being developed by Togus Urban ...Read more
  Comcast reveals interest in Warner Bros. studios and streamer
NBCUniversal owner Comcast is indeed interested in some of Warner Bros. Discovery's assets.
On a Thursday call with analysts to discuss third-quarter earnings, Comcast President Mike Cavanagh suggested the Philadelphia giant might bid for certain Warner assets, primarily the Warner Bros. film and television studios and its streaming service HBO...Read more
  Comcast: Epic Universe gives boost to quarterly revenue report
Theme park revenue climbed 18.7% in the third quarter for Comcast Corp., propelled by the early months of operation of Epic Universe, the company reported Thursday.
The attractions segment, which includes Universal Orlando as part of Comcast’s content and experiences division, took in $2.7 billion in the quarter that ended Sept. 30. Epic ...Read more
  Stellantis warns of one-off costs as revenue and shipments rise
Stellantis NV said Thursday its third-quarter revenue rose 13% to $43.2 billion (37.2 billion euro) as the company saw "early signs of commercial progress" after a recent string of poor sales and financial results.
But the maker of Chrysler, Dodge, Jeep and Ram vehicles also warned of new one-off costs as it recalibrates its business strategy ...Read more
Real estate Q&A: Can I sue owner of building next door over damage caused by sprinklers?
Q: I live next to a building that has two feet of plants and grass next to the property line. Their sprinklers are directed to my property instead of the other way around. Over the years, the water has damaged my garage and an adjacent room. They are constantly flooded to the point of sinking. Can I sue the owner for the damage? — Helga
A: ...Read more
  Beta's electric aircraft lands at Boeing Field, carrying a legacy of 'firsts'
As air taxis creep closer to reality, Beta Technologies is touring its electric aircraft around the country.
The Vermont-based manufacturer is one of several companies working on electric vertical takeoff and landing, or eVTOL, aircraft, part of a broad movement to find more efficient and environmentally sustainable options for air travel.
...Read more
  John Malone stepping down as chairman of Colorado-based Liberty Media and Liberty Global
John Malone, who built a cable and media empire over more than five decades, will step down as chairman of Liberty Media Corp. and Liberty Global at the start of next year, according to announcements from the two companies.
Malone, 84, will become chairman emeritus at Liberty Media, based in Douglas County, and advise management and the board ...Read more
  Microsoft delivers another blockbuster quarter amid AI bubble fears
Microsoft beat Wall Street expectations on Wednesday, delivering financial results that shows steady demand for its cloud computing and artificial intelligence platforms.
The Redmond-based software maker reported almost $77.7 billion in revenue for its first fiscal quarter of 2026, which ran from July through September. On top of that, the ...Read more
Alaska Airlines' websites go down, again
The Microsoft Azure outage knocked out some of Alaska Airlines' systems Wednesday, including its website and mobile app, preventing some passengers from checking in to flights.
The Azure issue comes just a week after Alaska experienced its own IT outage. On Thursday, a failure at Alaska's primary data center led to an eight-hour ground stop, ...Read more
  Starbucks touts 'turnaround' with revenue jump despite profit plunge
Starbucks touted a turnaround" at the company after reporting a rise in revenue — tempered by a major fall in profit — in its latest quarterly earnings released Wednesday.
In the fourth quarter, the Seattle-based coffee giant raked in $9.6 billion in consolidated net revenues, which beat analyst predictions. It's a 5.5% increase from the ...Read more
  Cameo sues OpenAI for trademark infringement over new AI-generated celebrity video app
Cameo, the Chicago-based celebrity video messaging website, has become the latest company to sue OpenAI, alleging trademark infringement for the technology giant’s new service that makes AI-generated celebrity videos under the same Cameo name.
The lawsuit, filed Tuesday in a California federal court, said the recent rollout of the “Cameo”...Read more
  VW workers vote to authorize strike at Tennessee plant
Workers at a Volkswagen AG plant in Tennessee voted to authorize a strike after more than a year of negotiations has failed to yield an agreement, the United Auto Workers said Wednesday evening.
In April 2024, workers at the Chattanooga Assembly Plant voted 73% in favor of joining the Detroit-based union — the first foreign-owned plant in the...Read more
  Boeing turns cash flow positive, but delays 777X with $4.9 billion charge
For the first quarter since a midair blowout in January 2024, Boeing generated more cash than it spent, marking a significant financial milestone on its path to recovery.
But the aerospace manufacturer is still struggling with long-delayed airplane programs, including two Max variants and its 777X family.
On Wednesday, Boeing said it took a $4...Read more
  Paramount lays off 1,000 workers in first round of cuts
Paramount on Wednesday began cutting about 1,000 employees, the first wave of a deep staff reduction planned since David Ellison took the helm of the entertainment company in August.
Ellison announced the layoffs in an early morning email to his staff, saying the long-anticipated move was aimed at “building a strong foundation for the future....Read more
  Minnesota soybean farmers fear lasting scars from Trump's trade war with China
TRACY, Minnesota — Months into a trade war with China, steel grain bins across rural Minnesota sit plump with soybeans without a market, and farmers are nervously eyeing balance sheets.
On Wednesday, news broke across an ocean that, ahead of a planned meeting between President Donald Trump and China’s president, Xi Jinping, China had ...Read more
  Leading AI company to ban kids from long chats with its bots amid growing concern about the technology
Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having "open-ended" conversations with its virtual characters.
The major change comes as the Menlo Park, Calif., company and other AI leaders face more scrutiny from parents, child safety groups and politicians about ...Read more
  Boeing says it is increasing push for replacements amid St. Louis strike
ST. LOUIS — Boeing is accelerating its efforts to hire replacement workers, a push that will likely displace some striking workers, a company executive said Tuesday.
Steve Parker, president and CEO of Boeing's defense, space and security division, said the company is expanding third-party support for certain jobs and "assessing opportunities ...Read more
  Stellantis partners with Nvidia, Uber and Foxconn to work on robotaxis
Stellantis NV said Tuesday it plans to work with tech heavyweights Nvidia Corp., Uber Technologies Inc. and Foxconn as it seeks a foothold in the robotaxi business.
The automaker said it signed a non-binding memorandum of understanding with the three companies and wants to "explore the joint development" of autonomous vehicles for robotaxis.
...Read more
  Sora app's hyperreal AI videos ignite online trust crisis as downloads surge
Scrolling through the Sora app can feel a bit like entering a real-life multiverse.
Michael Jackson performs standup; the alien from the “Predator” movies flips burgers at McDonald’s; a home security camera captures a moose crashing through the glass door; Queen Elizabeth dives from the top of a table at a pub.
Such improbable realities,...Read more
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