The digital age is shattering the traditional learning model. Now VC-backed tech start-ups are revolutionizing teaching methods.» Read More
Take a look at some of Wednesday's midday movers:
BuzzFeed just closed a new $50 million investment, bringing the value of the company to about $850 million, the NYT reports.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
*Time Warner posts higher-than-expected profit, sets buyback. Aug 6- Time Warner Inc will not have to worry about any overtures from Twenty-First Century Fox for the foreseeable future. We have no plans to pursue any other third party content company as an alternative to Time Warner. "
Thanks to Rupert Murdoch's recent overture, Time Warner shares have traded more on drama than fundamentals. That may be about to change.
Some of Wednesday's midday movers:
Aug 6- Time Warner Inc Chief Executive Jeff Bewkes opened his remarks during the company's second quarter earnings call on Wednesday vowing he would not discuss Twenty-First Century Fox's stunning turnabout to pull its offer to buy Time Warner.
AOL reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
Aug 6- Digital media and entertainment company AOL Inc reported better-than-expected quarterly revenue, helped by a 60 percent jump in advertising revenue in its third-party platform. AOL, whose shares were up nearly 4 percent in premarket trading, also said it approved a $150 million share buyback program.
What people really want and love is the mega-trend of sight, sound and motion, says AOL's Tim Armstrong, revealing where he is seeing user growth.
The Time Warner/Fox deal points to one specific thing - the value of content in media, says Tim Armstrong, AOL chairman & CEO.
Tim Armstrong, AOL chairman & CEO, discusses the company's quarterly earnings. Armstrong also shares his thoughts on consolidation in the media space.
Aug 6- Digital media and entertainment company AOL Inc reported a 12 percent increase in quarterly revenue, helped by a jump in advertising sales. Net income attributable to AOL fell to $28.2 million, or 34 cents per share, for the second quarter ended June 30, from $28.5 million, or 35 cents per share, a year earlier.
El Edwards, the voice of AOL, joins "Fast Money Halftime Report," about how he got the voice over job.
Though social media remains immensely popular, a new survey shows users aren't very satisfied with their experience on the sites.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
Investors will be looking to see how strong Google's paid search business was in the second quarter to gauge its mobile strength.
Rupert Murdoch’s audacious offer for Time Warner that if it succeeds would cement his status as the most powerful U.S. media magnate.
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.