At the E3 gaming conference in Los Angeles, Netflix Inc (NFLX) announced that it would release a free-to-play mobile video game next year, which will be based on the company’s original series “Stranger Things”. The game is being developed in cooperation with Helsinki-based Next Games Corp, Netflix said. Netflix shares […]

Yesterday Morgan Stanley raised its 12-month price target on Walt Disney Company (DIS) from $135 to $160, as it noted that the media company’s new streaming service, Disney+, could boost its adjusted earnings to over $11 per share by fiscal year 2024. Walt Disney shares closed higher for a second […]

As many as 500 new tech jobs are expected to be added by Facebook Inc (FB) in London by the end of this year, out of which 100 will be in artificial intelligence. Many of the roles will be focused on detection and removal of malicious content, fake accounts and […]

Ford Motor Company (F) announced on Wednesday that a new research center had been opened in Tel Aviv to support the company’s automotive and mobility businesses. The center is to identify technologies and start-up firms in areas such as automated-systems research, sensors, in-vehicle monitoring, connectivity and cyber security. Ford shares […]

Intel Corp said on Tuesday that it had agreed to acquire Barefoot Networks, an emerging leader in Ethernet switch silicon and software for use in data centers. However, the terms of the deal remained undisclosed. Barefoot Networks is expected to aid Intel’s data center group in meeting the fast-changing needs […]

MoffettNathanson on Tuesday raised its rating on Facebook Inc (FB) from “Neutral” to “Buy”, as it cited “improving underlying fundamentals” and new opportunities for growth that could mitigate regulatory risks. The firm has assigned a 12-month price target of $210 on the stock. Facebook shares closed higher for a sixth […]

At the Xbox E3 conference in Los Angeles, Microsoft Corporation (MSFT) revealed its next-generation Xbox game console, dubbed “Project Scarlett”, which is expected to be made available for purchase during the holiday season of 2020. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Monday. The […]

American Airlines Group (AAL) said during the weekend that it would extend cancellations of some 115 daily flights through September 3rd, as Boeing’s 737 MAX still remains affected by the grounding order. The air carrier had previously announced that flights would be canceled until August 19th. American Airlines shares closed […]

Walmart Inc said last week that it would relaunch a service, which offers the delivery of groceries straight to customers’ refrigerators, as the retailer explores new ways of offering less costly and fast delivery of on-line orders. Starting in the fall, the service will be provided to more than 1 […]

Ford Motor Company (F) intends to shut down its engine facility located in Bridgend, south Wales, by September 2020, which would place 1 700 job positions at risk, a British trade union said in a statement on Thursday. Ford’s contract to supply Jaguar Land Rover also ends in September 2020, […]