Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
John Lasseter, the animation titan who has been on leave from the Walt Disney Company since November because of what he called "missteps" that made some staff members feel "disrespected and uncomfortable," will not return to the conglomerate.
Disney said on Friday that Mr. Lasseter — the co-founder of Pixar Animation Studios who has long been one of Disney's most important creative executives, serving as a force behind the "Toy Story," "Cars" and "Frozen" franchises — would take on a consulting role at the company until the end of the year and then leave permanently. He will not have an office in the interim.
Mr. Lasseter, 61, served as chief creative officer of Pixar and the separate Walt Disney Animation studio. Disney did not name replacements. Jennifer Lee, a director of "Frozen," is expected to be promoted at Walt Disney Animation, and Pete Docter, the director of films like "Up" and "Inside Out," is expected to take on greater responsibilities at Pixar, according to a person briefed on the matter, who spoke on the condition of anonymity because plans had not been finalized.
More from The New York Times:
A departure with implications for investors: Disney's John Lasseter
Matt Lauer can keep New Zealand ranch, despite inquiry into conduct
He fixes the worst P.R. crises imaginable. Then came Harvey Weinstein.
A self-described Peter Pan, Mr. Lasseter has long been known for his jolly public persona and tendency to greet anyone in his proximity — subordinates, stars, fans, reporters — with lengthy bear hugs. In 2011, The Wall Street Journal published a photo slide show of his frequent squeezes, saying he had handed out at least 48 of them in one day at the office.
Mr. Lasseter said in November that he would take a "six-month sabbatical" and sent a lengthy email to employees apologizing "to anyone who has ever been on the receiving end of an unwanted hug or any other gesture they felt crossed the line in any way, shape or form."
The email came as the #MeToo and Times Up movements gained momentum in Hollywood. It also coincided with an article in The Hollywood Reporter that cited "grabbing, kissing and making comments about physical attributes" as recurring behavior by Mr. Lasseter in meetings and at work events.
Since then, he has kept a low profile in Hollywood, skipping the Academy Awards in March, when Pixar's "Coco" won the Oscar for best feature animation, and spending time in Italy and New Zealand. He did not attend the premiere on Tuesday for Pixar's latest film, "Incredibles 2," which will be released in theaters on June 15 and is expected to be a box office juggernaut.