Netflix to sell $2bn worth of bonds amid competition with streaming rivals April 23, 2019 Netflix will issue $2bn (£1.5bn) worth of bonds, denominated in both dollars and euros, to raise money as the battle over TV and film streaming intensifies. Read more: Netflix predicts slowed subscriber growth as price hikes begin to hurt The online media giant said the interest rate, maturity date, and other terms of the bonds [...]
For a brand like Nike, nothing beats an athlete with a crazy dream April 23, 2019 As Tiger Woods rolled in his final putt, securing victory at Augusta and claiming his long-awaited fifteenth major title, Nike was ready and primed for the magical moment. Some 14 years after his last victory at the Masters and 11 years after his last major title, Woods now stands just three behind the greatest golfer in [...]
Investors launch class action against Apple over ‘concealed’ iPhone demand slump April 18, 2019 Apple has been accused of securities fraud for allegedly concealing a slump in iPhone demand, which sparked a $74bn (£57bn) slide in the tech giant’s market value. Investors that bought Apple stock in the two months before chief executive Tim Cook reduced the company’s quarterly revenue forecast by as much as $9bn in January have [...]
Apple settles landmark $27bn legal battle with Qualcomm April 17, 2019 Tech giant Apple has ended a bitter two-year battle with former supplier Qualcomm, settling a patent dispute in California late last night. Qualcomm won a six-year patent licence deal and supply agreement with Apple as part of the settlement, as well as an undisclosed sum from the iPhone creator. Apple had previously been seeking $27bn [...]
Netflix predicts slowed subscriber growth as price hikes begin to hurt April 17, 2019 Netflix expects its subscriber growth rate to weaken in the coming months, as upcoming US price rises for its TV streaming site dampen the attraction of new users. The firm said it had gained a record number of 9.6m paid subscribers in the three months to March, taking its total up to 148.9m and ahead of [...]
Best noise-cancelling headphones 2019: Transform your cacophonous commute into soundless sailing with our pick of the top noise-busting headphones April 16, 2019 Sick of your podcast getting drowned out in Tube tunnels? So are we. If you're tired of turning the volume up to 11 just to hear your music over your surroundings, or just want a decent pair of cans to drown out the outside world, we've picked our favourite noise-cancelling headphones for you to choose between. [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]
The new iPad Air review: Apple’s new tablet doesn’t reinvent the wheel, but it’s a solid improvement April 15, 2019 Reviewing Apple’s new iPad Air is tricky. For most people, this is the iPad to buy, the one that will fulfil all your tablet needs, with plenty of room to spare. And with this much power under the hood, it will fulfill all your tablet needs for years to come. It is, objectively, a brilliant [...]
Saudi Aramco takes £1bn stake in South Korean refiner days after record-setting bond issue April 15, 2019 The Saudi state oil giant which was recently revealed as the world’s most profitable company will take a 1.4 trillion won (£944m) stake in South Korean refiner Hyundai Oilbank. Saudi Aramco has agreed to buy 17 per cent of the firm, Oilbank’s biggest shareholder Hyundai Heavy Industries Holdings said in a regulatory filing today. Read more: [...]
What do we know about Disney’s streaming service? April 12, 2019 Disney is set to take on the might of Netflix and Amazon with a new streaming service – Disney Plus – which it announced last night at its California headquarters in Burbank. Here are six things we know about the new offering from the mouse-branded entertainment behemoth. 1) It launches in North America in November [...]