Far from Hollywood din, New York Film Festival puts focus on quality

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By Patricia Reaney - NEW YORK (Reuters) Cannes has its coveted prizes and Sundance its lucrative deals, but the New York Film Festival, unencumbered by awards or marketing, says its mission is simple: to present the year's best in world cinema. The 52nd annual event, which opens Friday, is for … [Read more...]

Apple sells more than 10 million new iPhones in first three days

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By Soham Chatterjee (Reuters) Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Chief Executive Tim Cook said the company could have sold even more iPhone 6 and iPhone … [Read more...]

Maze Runner speeds past Neeson’s Tombstones at box office

The Maze Runner

LOS ANGELES (Reuters) Dystopian young adult movie "The Maze Runner" won the weekend box office race in the United States and Canada, collecting $32.5 million in ticket sales to outpace the Liam Neeson action flick, "A Walk Among The Tombstones." Neeson's film earned $13.1 million from Friday … [Read more...]

U.S. court voids RadioShack class-action settlement over card receipts

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By Jonathan Stempel (Reuters) A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal … [Read more...]

Alibaba surges 38% on massive demand in market debut

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By Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's … [Read more...]

Al Jazeera countersues Al Gore over $65 million

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By Jennifer Saba (Reuters) Broadcaster Al Jazeera has gone to court to fight former U.S. vice president Al Gore over $65 million in an escrow account that each claims as part of the sale last year of Current TV to the Qatar-based media company. In a countersuit filed in the Delaware Court of … [Read more...]

With co-CEOs, Oracle sets challenging course

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By Sarah McBride - SAN FRANCISCO (Reuters) By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies. The move seemingly marries the product … [Read more...]

Oracle’s Larry Ellison steps aside, co-CEOs Catz and Hurd take over

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SAN FRANCISCO (Reuters) Oracle Corp's longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and fend off fast-moving cloud-based rivals. Ellison, who co-founded the database … [Read more...]

California triples tax breaks for film production

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By Sharon Bernstein - SACRAMENTO Calif. (Reuters) Governor Jerry Brown signed a bill on Thursday tripling California's tax breaks for entertainment companies doing business in Hollywood's home state, in an effort to stop production moving elsewhere. Aimed at luring production back to California … [Read more...]

Microsoft lays off 2,100 as part of earlier job cut plan

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SEATTLE (Reuters) Microsoft Corp made a second round of layoffs on Thursday, moving towards its target of cutting 18,000 staff, or about 14 percent of its workforce, as Chief Executive Officer Satya Nadella tries to slim down the giant software company. Microsoft gave notice to 2,100 employees on … [Read more...]

Insight – A year later, most mega IPOs are mega laggards

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By Dan Burns and Akane Otani - NEW YORK (Reuters) If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange. A Reuters analysis of the previous 15 … [Read more...]

Toshiba says to cut 900 jobs in PC restructuring

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TOKYO (Reuters) Japan's Toshiba Corp said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions. The Japanese electronics conglomerate expects the PC restructuring to cut operating profit by 45 billion yen ($414 … [Read more...]

Sony shares slide 10 percent after dividend scrapped

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TOKYO (Reuters) Sony Corp shares fell more than 10 percent on Thursday in their biggest drop in more than 10 months after the Japanese consumer electronics maker announced deep losses in its smartphone business and scrapped its dividend for the first time since it listed in 1958. The surprise … [Read more...]

Apple to unveil new iPads, operating system on Oct. 21 – report

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(Reuters) Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter. The company plans to unveil the sixth generation of its iPad and the third edition of the … [Read more...]

Biography of late comedian Joan Rivers to be published in 2016

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NEW YORK (Reuters) A biography of legendary comedian Joan Rivers, who died earlier this month, will be published in 2016, publisher Little, Brown and Company said on Wednesday. "Joan Rivers: A Life" will be penned by Vanity Fair and New York Times journalist Leslie Bennetts and will also be … [Read more...]

As it moves into Europe, Netflix orders Judd Apatow comedy series ‘Love’

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LOS ANGELES (Reuters) Netflix on Tuesday said it has ordered two seasons of a romance comedy by Hollywood hitmaker Judd Apatow as the online streaming service ramps up its original programming while it expands into France and Germany. "Love," which will star American actors Paul Rust and Gillian … [Read more...]

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