Business News

REUTERS — Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freez…

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton WASHINGTON (Reuters) — Google, a unit of Alphabet, has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone, Texas A…

FILE PHOTO: Chairman, Entertainment Content, NBCUniversal Television and Streaming Susan Rovner, Linda Yaccarino, then Chairman, Global Ad and Partnerships and Kelly Campbell, President, Peacock and Direct to Consumer, NBCUniversal, pose for a photo at the Peacock NewFront 2023 event in New York, U…

REUTERS — Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth i…

FILE PHOTO: Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. Picture taken through a window. REUTERS/Abdel Hadi Ramahi//File Photo REUTERS (Dubai) — Emirates airline said on Thursday it had committed $200 mil…

Google logo and AI Artificial Intelligence words are seen in this illustration taken on May 4, 2023. (Reuters) — Alphabet Inc’s Google on Wednesday is expected to unveil more artificial intelligence in its products to answer the latest competition from Microsoft Corp, which has threatened its…

REUTERS — Social media platform Twitter Inc will remove accounts that have been inactive for several years, CEO Elon Musk announced in a tweet on Monday, saying that the action is “important to free up abandoned handles.” Twitter’s billionaire owner in a separate tweet said inacti…

REUTERS — PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading. PayPal expects adjusted operating margin expansion of 100 basis points this year, compared with it…

Linda Yoshimoto, right, Bank of Hawai‘i Kapolei branch manager, receives her diploma from Chaminade University. She is the 20th graduate through Bank of Hawai‘i’s College Assistance Program, which fully covers an employee’s tuition. Linda Yoshimoto smiles and waves to family after receiving her dip…

REUTERS (New York) — Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc’s portfolio. “Apple is different than the other businesses we own. It just happens to be a better business,” said Buffett during Berkshire’s annu…