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Munsif Vengattil

Tesla sets 5-1 stock split and its high-flying stock soars again

Aug 11 2020

Tesla Inc on Tuesday announced a five-for-one stock split, sending the electric carmaker's recently high-flying shares up 7% in extended trade.

Facebook removed seven million posts in second quarter for false coronavirus information

Aug 11 2020

Facebook Inc said on Tuesday it removed 7 million posts in the second quarter for sharing false information about the novel coronavirus, including content that promoted fake preventative measures and exaggerated cures.

Tencent Music revenue jumps 18%, beats estimates, as paid subscribers flock to expanded library

Aug 10 2020

China's Tencent Music Entertainment Group (TME) said on Monday its quarterly revenue leaped 18%, beating Wall Street estimates, as it put more music for streaming behind its paywall and grew its paid subscriber base by more than half.

T-Mobile's subscriber boost challenges AT&T for spot as second-largest U.S. carrier

Aug 06 2020

T-Mobile US Inc added more monthly phone subscribers than expected in the second quarter and said on Thursday it has overtaken rival AT&T Inc as the second-largest wireless provider in the United States.

Disney takes $5 billion hit but pandemic impact not as bad as feared

Aug 05 2020

LOS ANGELES Walt Disney Co on Tuesday avoided the unmitigated disaster some investors feared as it eked out an adjusted profit amid the coronavirus pandemic that shut down parks, movie theaters and sporting events across the globe.

James Murdoch resigns from News Corp board over editorial differences

Aug 01 2020

James Murdoch resigned from the board of News Corp on Friday, citing disagreements over editorial content at the company founded by his father, conservative media mogul Rupert Murdoch. | Video

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