Business News

Has Comcast bet against technology?

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Print edition | Business Jan 31st 2019| NEW YORK IN FORGING HIS media empire Rupert Murdoch never worried much about whether he was spending too much money. He thought it mattered more what businesses he was building. Such as, in 1989, a cash-haemorrhaging satellite broadcaster in Britain called Sky Television. Decades later Brian Roberts, chief […]

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Harley-Davidson brought low by tariffs and demographics

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Print edition | Business Jan 31st 2019| MILWAUKEE A TOUR OF the modernist building of the Harley-Davidson museum in Milwaukee helps to explain why the midwestern maker of motorcycles has iconic status, but also why it is struggling. Nearly all the visitors are white, middle-aged men, some clad in leather and heavily tattooed, others dressed […]

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America lifts sanctions on Oleg Deripaska’s business empire

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Print edition | Business Jan 31st 2019| MOSCOW AT FIRST GLANCE, the American government’s decision to lift sanctions on Oleg Deripaska’s business empire looks questionable. He is a Russian oligarch close to the Kremlin and a former business partner of Donald Trump’s erstwhile campaign manager, Paul Manafort. Shares in EN+, Mr Deripaska’s holding firm, soared […]

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Netflix, but for video games

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Print edition | Business Jan 31st 2019 THE ABILITY to stream films and songs over the internet has upended the entertainment industry, but the $140bn market in video-gaming has resisted the revolution. That may soon change. A battle is brewing between big media and technology firms to see who—if anybody—can become the Netflix of video […]

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The two tribes of working life

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Business and finance Jan 30th 2019 PERHAPS THEY are two of the most welcome words in the English language: “Meeting cancelled”. When they cropped up in Bartleby’s message the other day, he experienced a brief moment of elation. In truth, the meeting turned out only to be postponed for two weeks, but procrastination is an […]

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FabFitFun raises $80 million for its growing lifestyle brand

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Nine years after launching its online magazine, and three years after diversifying into the subscription box business, FabFitFun has raised $80 million in a growth round of funding led by Kleiner Perkins with participation from its previous investors Upfront Ventures and NEA.  The Los Angeles-based company has steadily expanded its retail and lifestyle empire through […]

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America unseals its indictments against Huawei

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Business and finance Jan 29th 2019| SHANGHAI IN A CIVIL lawsuit in 2017 an employee of Huawei, a Chinese telecoms giant, was found to have swiped one of the arms of Tappy, a phone-testing robot owned by T-Mobile, an American wireless carrier, and with it the smart proprietary technology in its fingertip. A jury in […]