How Reuters investigated RIte Aid’s use of facial recognition
Jeffrey Dastin, technology correspondent for Reuters, explained how he investigated drug store chain Rite Aid and its use of facial recognition cameras in its stores. Here is an excerpt: “I had wanted to deeply explore an example of facial recognition’s use in the United States. I also had an interest in how the private sector […]
Apple books higher-than-expected revenue
Apple beat analyst expectations for its latest fiscal quarter, reporting revenues of $59.7 billion. Lisa Eadicicco reported the news for Business Insider: Apple posted revenue of $59.7 billion for its fiscal third quarter, breezing past Wall Street’s muted expectations and showing growth across all product categories — including the iPhone. Shares of Apple were up […]
GM swings to loss in Q2
General Motors booked a loss of $806 million for the second quarter, suffering the effects of factory closures prompted by the pandemic. Tom Krishner reported the news for the AP: Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million […]
Moderna begins final-stage Covid-19 vaccine tests
Moderna and the National Institutes of Health yesterday began the final-stage tests of a vaccine candidate for the coronavirus causing Covid-19. Lauran Neergaard, Michael Hill, Jocelyn Noveck reported the news for the AP: The biggest test yet of an experimental COVID-19 vaccine got underway Monday with the first of some 30,000 Americans rolling up their […]
Disney delays blockbusters
Disney has delayed indefinitely the release of Mulan and has moved a couple of other blockbuster hopefuls back. CNN’s Frank Palotta reported: The coronavirus pandemic is now disrupting Disney’s release schedule for the next decade. All scheduled “Star Wars” and “Avatar” films between 2021 and 2027 are being pushed back one year, the company announced […]
Q&A: KQED’s Jamali talks about covering PG&E
Lily Jamali is co-host of KQED’s “The California Report,” which airs on NPR stations throughout the state. She also serves as a correspondent for the show. The program covers a wide range of topics that matter to Californians, including the economy, education, and immigration. She has closely followed the unfolding story of PG&E’s bankruptcy. Her […]
Tesla reports fourth quarterly profit in a row
Defying sceptics, Tesla reported its fourth consecutive quarterly profit, at $104 million, for March through June. Lora Kolodny reported the news for CNBC: Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car […]
Coca-Cola reports 33% profit drop in Q2
Coca-Cola reported a 33% decline in profits for the second quarter but expects demand to rebound after the end of the lockdowns. Amelia Lucas reported the news for CNBC: Coca-Cola on Tuesday reported its largest decline in quarterly revenue in at least 30 years, but the company sees demand improving as global lockdowns ease. CEO […]
eBay sells classifieds business to Norwegian company
eBay has struck a deal with Norwegian Adevinta to sell it its classified ads business for $9.2 billion. Nerijus Adomaitis reported the news for Reuters: Ebay Inc (EBAY.O) has agreed to sell its classified ads business to Norwegian group Adevinta ADEV.OL in a deal worth $9.2 billion, creating the world’s largest classifieds group, the companies […]
Netflix posts another strong quarter, with 10 million new subscribers
Netflix reported 10 million new subscribers over the second quarter of the year but warned growth will slow down in the second half. The BBC reported: Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow. The streaming giant added more than 10 million […]
