NBCUniversal investing additional $200 million in BuzzFeed

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NBCUniversal is doubling down on BuzzFeed.

The entertainment conglomerate owned by Comcast Corp. is investing an additional $200 million in the millennial-focused media company, according to a person with knowledge of the deal.

The investment, first reported by Recode, comes more than a year after NBCUniversal's initial investment of $200 ...Read more

Possible iPhone 7 fire prompts Apple investigation

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Apple Inc. said it's looking into an Australian man's allegation that an iPhone 7 ignited and set ablaze the car he'd left it in while surfing.

Smartphones and other devices with lithium-ion batteries are known to be susceptible to fires in extreme conditions, so the lone incident is far from a sign of a widespread problem. But the massive ...Read more

Time Warner stock soars

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Shares of Time Warner gained over 10.1 percent in morning trading Friday after a new report from Bloomberg indicated that telecommunications giant AT&T was in talks to take over the media company.

According to people familiar with the matter, AT&T and Time Warner executives have met in recent weeks to discuss a variety of potential new business...Read more

Time Warner stock surges following report of AT&T interest

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Shares of media giant Time Warner Inc. jumped Friday morning following a report that telecommunications firm AT&T Inc. could purchase it as early as this weekend.

Time Warner's stock was up $7.55, or 9.1 percent, to $90.55 in early morning trading on Wall Street. Shares of AT&T were down $1.46, or 3.7 percent, to $37.20.

The Wall Street ...Read more

Bombardier plans to shed thousands of jobs through 2018

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WICHITA, Kan. -- Bombardier will eliminate another 7,500 jobs across its aircraft and rail businesses through 2018, the Canadian company said Friday.

The actions are part of the Montreal-based company's five-year turnaround plan announced last year.

Those actions include streamlining its administrative and non-production functions company-wide...Read more

Cyberattack blocks users from Twitter, other sites

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A massive cyberattack barred East Coast users from visiting Twitter, SoundCloud and other sites Friday morning by targeting a firm responsible for routing web traffic their way.

Dyn, a New Hampshire internet services company, reported the attack early Friday. Hours later, the company said service was back to normal. Dyn said the cause was a ...Read more

Beware election-themed email attacks, says hacking specialist

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WASHINGTON -- Heading toward Election Day in the U.S., hackers may target your inbox instead of the ballot box.

It's difficult to alter overall ballot counts in the U.S., which doesn't have a centralized voting system, but hackers could take advantage of the Nov. 8 election to dupe people and gain access to their personal information, according...Read more

The Week Ahead: Struggling to make the economic grade

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The gross domestic product, or GDP, report is like a student's GPA. And the American economic grade has been slipping.

In the week ahead, the first report card on the nation's economy during the third quarter will be released. It is expected to show a small pickup in the annual growth rate as compared to the second quarter, but still, 2 percent...Read more

Auto review: The Alfa Romeo 4C's faults make it an intoxicating, endearing ride

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Want to buy a new car that's both exclusive and a bargain?

Alfa Romeo has your answer: the 4C Spider.

Where else can you buy a mid-engine, rear-wheel-drive sports car built with a carbon fiber monocoque tub for less than six figures? And, oh yea, it's powered by a direct-injected, intercooled, turbocharged 1.7-liter four-cylinder engine that's...Read more

In yet another giant media merger, AT&T may be trying to buy Time Warner Inc.

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After its acquisition of satellite television service DirecTV, telephone giant AT&T Inc. might be setting its sights on an even bigger prize, Time Warner Inc.

Bloomberg News reported Thursday afternoon that AT&T and Time Warner executives have engaged in preliminary talks about a potential merger or other partnerships.

Time Warner shares ...Read more

New Teslas will have all the hardware to be driverless cars, Elon Musk says

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SAN FRANCISCO -- Tesla announced this week that all cars produced today and going forward will be equipped with the necessary hardware to support fully autonomous driving -- including the upcoming Model 3.

The required hardware includes eight cameras that add up to 360-degree visibility, 12 updated ultrasonic sensors with added sensitivity, and...Read more

Senators push for more answers in Wells Fargo scandal

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WASHINGTON -- Two senators are pressing Wells Fargo & Co. about how much new Chief Executive Timothy Sloan knew about the unauthorized-accounts scandal that led to his appointment.

Elizabeth Warren, D-Mass., and Robert Menendez, D-N.J., outspoken critics of Wells Fargo, also want to know more about how much money former Chief Executive John ...Read more

Alaska Air confident of completing Virgin America deal

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SEATTLE -- Alaska Air Group chief executive Brad Tilden said Thursday he remains "very confident" the company's proposed $2.6 billion purchase of Virgin America will go through, despite a last-minute extension of an antitrust review by the U.S. Department of Justice.

"We were hoping to get this done a couple of weeks ago. We're not there quite ...Read more

Microsoft reports strong quarter; stock pushes to all-time highs in after-hours trading

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SEATTLE -- Microsoft's quarterly earnings blew past investor expectations on Wednesday, fueled by growth in sales of server software and the company's range of cloud-computing offerings.

The report sent the software company's share price around all-time highs in after-hours trading.

Microsoft has invested billions of dollars in recent years to...Read more

Photographer, a former refugee, sues Trump over Skittles tweet

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CHICAGO -- A British photographer and former child refugee has sued the Trump campaign for allegedly using his photo of a bowl of Skittles in a tweet against accepting Syrian refugees into the U.S.

David Kittos filed the copyright infringement suit this week in a Chicago federal court, naming as defendants the Trump campaign, Republican ...Read more

NBA games will be streamed in virtual reality every week this season

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LOS ANGELES -- Southern California startup NextVR has partnered with NBA Digital to livestream at least one NBA game a week in virtual reality this season.

The games can be viewed in virtual reality only through NBA League Pass, a subscription service that broadcasts games on multiple devices and on television.

NBA League Pass is part of NBA ...Read more

Nintendo reveals 'Switch' video-game console

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SEATTLE -- Nintendo has pulled back the curtain on its upcoming video-game system, announcing the Nintendo Switch, a living-room console that converts into a portable, handheld device.

In a 3-minute trailer posted online on Thursday, the Japanese gaming giant showed off the new device functioning as a classic console linked to a television ...Read more

American Airlines third quarter profit drops in half

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FORT WORTH, Texas -- American Airlines said its profit dropped in half for the third quarter as planes weren't as full and income taxes were up.

The Fort Worth-based carrier reported net income of $737 million, down 56 percent from the $1.7 billion profit it reported in the third quarter of 2015. American had a reversal of its tax valuation ...Read more

Union votes Friday on Jim Beam strike deal

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LEXINGTON, Ky. -- The strike at Jim Beam might be ending soon: A tentative agreement has been reached with the executive board of the United Food and Commercial Workers union, which has been on strike since Saturday.

Union officials could not be reached immediately for comment. According to the Associated Press, the union will vote Friday on ...Read more

Abbott pursuing regulatory approvals for Alere deal, CEO says

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CHICAGO -- Abbott Laboratories is pursuing the necessary regulatory approvals to acquire health care diagnostics company Alere despite months of turbulence over the deal, Abbott Chairman and CEO Miles White said Wednesday.

In an earnings call with analysts, White had some guarded but positive words about the deal that only months ago, according...Read more