New York Posts – Business

  • Winklevoss’ bitcoin exchange to use Nasdaq surveillance tech
    by Reuters on April 25, 2018 at 5:55 pm

    Gemini Trust — the cryptocurrency exchange operated by the Winklevoss Twins — said Wednesday it will use Nasdaq’s market surveillance technology to detect manipulation and fraudulent trades. New York Attorney General Eric Schneiderman last week sought information from 13 cryptocurrency trading platforms, including Gemini Trust, about their operations such as fee structures and safety measures... […]

  • Fox near deal to buy seven TV stations from Sinclair
    by Josh Kosman on April 25, 2018 at 3:35 pm

    Sinclair Broadcast Group has agreed to sell seven TV stations it is acquiring from Tribune Media to Fox Television Group, sources told The Post. The 21st Century Fox unit will be acquiring Fox affiliate stations in Seattle, Denver, Cleveland, Sacramento, San Diego and Salt Lake City. The buyer will also be acquiring a CW channel... […]

  • Tim Cook slated to meet with Trump
    by Reuters on April 25, 2018 at 3:12 pm

    President Donald Trump will meet with Apple CEO Tim Cook on Wednesday, as the technology industry finds itself in the crosshairs of a US trade spat with China, a manufacturing hub for the iPhone maker and other companies. It was not clear what Trump and Cook planned to discuss, and representatives for Apple did not... […]

  • Viacom’s Paramount returns to profitability
    by Reuters on April 25, 2018 at 2:29 pm

    Viacom reported better-than-expected quarterly profit and revenue on Wednesday, as moves to sell rather than release its movies returned Paramount Pictures to profitability. To insulate itself from box-office misses, Paramount has sold some of its hotter properties this year, giving “The Cloverfield Paradox” to Netflix, along with international rights to horror movie “Annihilation.” “At Paramount... […]

  • Twitter reports its second profitable quarter
    by Reuters on April 25, 2018 at 1:27 pm

    Twitter reported its second profitable quarter on Wednesday and topped Wall Street estimates for revenue and users, as advertisers in Asia and other markets outside the United States embraced its video ads. Daily active users (DAU) grew 10 percent year-over-year while overall monthly user numbers rose 3 percent to 336 million, just above a forecast... […]

  • Comcast submits Sky offer, going head to head with Fox
    by Reuters on April 25, 2018 at 11:37 am

    LONDON — US cable company Comcast Corp. submitted a $31 billion offer for pay-TV group Sky on Wednesday, challenging an already agreed but lower takeover bid from Rupert Murdoch’s Fox. Comcast, which first outlined an offer at the same price in February, said it would continue to engage with Sky’s independent directors with a view... […]

  • Audi recalls more than 1.2 million vehicles
    by Associated Press on April 25, 2018 at 5:17 am

    DETROIT — Audi is recalling about 1.2 million cars and SUVs worldwide because the electric coolant pumps can overheat and possibly cause a fire. The recall covers the 2013-2016 A4, the 2013-2017 A5, the 2012-2015 A6, and the Q5 SUV from 2013 to 2017. All have 2-liter turbocharged engines. The Volkswagen luxury brand says in... […]

  • Earnings thud may mark end of high times on Wall Street
    by Carleton English, Kevin Dugan on April 25, 2018 at 2:50 am

    The end may be nigh — at least on Wall Street. Stocks experienced a sharp selloff on Tuesday as two drivers of the 9-year-old bull market — cheap money and strong earnings — both seemed on the verge of petering out. The Dow Jones industrial average fell as much as 620 points during Tuesday trading... […]

  • DOJ brings back expert witness in bid to save AT&T-Time Warner case
    by Josh Kosman on April 25, 2018 at 2:29 am

    President Trump’s Department of Justice gave its expert witness a second chance on Tuesday to make a convincing case against AT&T’s proposed $85 billion buyout of CNN-owner Time Warner. Earlier in the trial, Carl Shapiro was embarrassed by Judge Richard Leon, who referred to his testimony on modeling cable price increases as a “Rube Goldberg”... […]

  • Not everyone is happy that restaurants are going cashless
    by Lisa Fickenscher on April 25, 2018 at 2:29 am

    Cash is no longer king. A growing number of restaurants across the country — like test locations for Starbucks and Shake Shack and the entire Sweetgreen, Dos Toros and Tender Greens chains — are no longer accepting cash. It’s all plastic all the time. The stores believe not dealing with cash helps move the line... […]