Money


Hulu dropping free video as it prepares cable TV alternative
- August 09, 2016

Your days of watching Hulu for free are numbered, as the ad-supported version of the streaming service is phasing out to be more like subscription-only competitors such as Netflix and Amazon Prime Instant Video. The end of Hulu's free service coincides with a new partnership with Yahoo revealed Monday. Now, Hulu will begin to phase out this feature and instead focus exclusively on its subscription-based service. (more...)
Vail Resorts buys operator of 2010 Olympics site for $1.1B
- August 09, 2016

Whistler-Blackcomb shareholders are being offered $676 million of cash and Vail stock worth about $715 million - making the deal worth almost $1.4 billion. Whistler and Blackcomb are two side-by-side mountains connected by cable lift. Vail Resorts vowed to keep most Whistler employees, with the exception of some areas of duplication in corporate functions. (more...)
Pay soars for FT-SE 100 chiefs Pay soars for FT-SE 100 chiefs
- August 09, 2016

Average pay for FTSE 100 chief executive officers (CEOs) increased from £4.96 million in 2014 to £5.48 million in 2015, according to research by the High Pay Centre . "Businesses could save themselves a lot of grief, and do something to restore their reputations, if they listened to workers first before awarding these bumper pay packages", Stern said. (more...)
Maryland town faces long recovery after deadly flooding
- August 08, 2016

This action from the department follows a directive from Governor Larry Hogan earlier this week ordering all state agencies to assist Ellicott City residents and businesses in their recovery efforts from the historic flooding this past weekend. (more...)
Wall Street edges lower as oil prices skid Wall Street edges lower as oil prices skid
- August 07, 2016

Exxon (XOM.N) and Chevron (CVX.N) were down 3.1% and 3.3%, respectively, as the biggest drags on both the Dow and the S&P 500 . The Wall Street Journal reported, citing people familiar with the matter, the company is in talks to buy online discount retailer Jet.com, one of the most ambitious challengers to Amazon.com. (more...)
Tech Five: Microsoft shares leap off earnings
- July 21, 2016

Office commercial products and cloud services revenue grew 5%, heavily driven by the Office 365 side, while Office consumer products and cloud services grew 19%. for the first time since 2009, as the software giant continues to shift its business from the slowing personal computer market and server software sales to cloud computing. (more...)