Business Highlights

Posted August 8


Disney launching new streaming service; ESPN following suit

Disney is launching a streaming service for animated and live-action movies in 2019 as well as an ESPN sports app as it navigates the changing media landscape. The Disney app will be the exclusive source for streaming animated and live-action Disney and Pixar movies, starting with 2019 releases like "Toy Story 4" and the sequel to "Frozen." In 2019, Disney will also end an earlier deal with Netflix, which gave the popular service exclusive access to the company's films for streaming.


Fired Google engineer files complaint, weighs legal options

A former Google engineer who was fired over a memo he wrote about gender differences says he's exploring all his legal options and has already filed a labor complaint over his treatment. James Damore, whose memo over the weekend caused an uproar online, says in an email that he was terminated late Monday for "perpetuating gender stereotypes." He says he considers his firing illegal because he had already filed a complaint with the National Labor Relations Board. The board declined to comment.


APNewsBreak: Dems seek federal payments to Trump business

As President Donald Trump spends much of August at his New Jersey golf club, Democrats are again trying to find out how much money the government spends at his properties. House Oversight Committee Democrats are asking Cabinet departments to hand over information about their Trump-related spending. Trump hasn't steered clear of his homes away from the White House. An Associated Press tally finds that he's visited his properties 48 times since his inauguration, including a dozen overnight stays.


Casinos embrace esports even as they work to understand it

Casinos in New Jersey, Nevada and elsewhere are slowly embracing competitive video game tournaments as a way to help their bottom lines. But the money is coming from renting hotel rooms to the young players and selling them food and drinks, not from turning them into gamblers. The video game tournaments are known as esports and are a rapidly growing industry around the world, with industry reports saying they generated $500 million last year and soon could be a $1.5 billion industry.


US airlines bump fewer passengers after dragging backlash

After notorious dragging incident on United, airlines are bumping fewer passengers. The rate of passengers forced off an oversold flight drops to the lowest level since the government started keeping track in 1995.


Trump visits putting big dent in small airports' business

Airports located near President Donald Trump's golf course in New Jersey have essentially been shut down during his visit, and that means lost business and money. Trump is spending 2½ weeks at his residence in Bedminster this month, and the Secret Service and federal aviation authorities have implemented flight restrictions in the area. It's a similar situation faced earlier this year in Florida for airports near Trump's Mar-a-Lago resort.


Experts: Lives at risk if no sleep tests for train engineers

Safety experts say millions of lives will be at risk now that U.S. officials have dropped plans to require that truck drivers and train engineers be screened for sleep apnea. Officials say testing should be left up to railroads and trucking companies. One railroad that does test, Metro-North in the New York City suburbs, found that 11.6 percent of its engineers have sleep apnea.


Ford repairs Austin police SUVs, but questions linger

Ford Motor Co. has begun repairing Ford Explorer SUVs in Austin, Texas, that were pulled off police duty because carbon monoxide was seeping into them. But the company faces lingering questions about the safety of thousands of other Explorers on the road.


The Standard & Poor's 500 index fell 5.99 points, or 0.2 percent, to 2,474.92. The Dow slid 33.08 points, or 0.2 percent, to 22,085.34. The S&P 500 and Dow were both coming off record highs. The Nasdaq composite lost 13.31 points, or 0.2 percent, to 6,370.46.

Benchmark U.S. crude fell 22 cents to $49.17 a barrel on the New York Mercantile Exchange. Brent crude, the international standard, lost 23 cents to $52.14 a barrel in London. Wholesale gasoline dipped 1 cent to $1.62 a gallon. Heating oil fell 1 cent to $1.63 a gallon. Natural gas gained 2 cents to $2.82 per 1,000 cubic feet.


Please with your account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all