AMC Entertainment Shares Jump on Report That Amazon Could Buy It
Amazon reportedly held acquisition talks with AMC Entertainment, but a deal is likely to be a long shot.
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Endeavor Secures $260 Million Loan
The loan comes as the entertainment giant has seen revenue drop 70% amid the coronavirus pandemic.
SoftBank’s Japanese Telco Business Predicts Profits Will Be Flat
SoftBank's Vision Fund has performed miserably even before Covid-19, but SoftBank's cash-cow Japanese telecoms business continues to provide a cushion.
Trump Administration Talks to Chip Makers About Building U.S. Plants
Pressure is mounting on U.S. firms to bring production back to the U.S. amidst the worst unemployment in decades and rising U.S.-China tension.
Eric Schmidt Reportedly Cuts Final Ties to Google
The former CEO’s presence at Google had already been waning in recent years before reportedly stepping down as its technical adviser in February.
Tesla Sues Alameda County, Musk Threatens to Relocate HQ
Musk has said local “shelter in place” orders violated the U.S. Constitution.
Cornershop, Soon to Be Part of Uber, Launches Grocery Deliveries in U.S.
Cornershop will deliver goods from grocery outlets but it doesn't appear to have reached any deals with the outlets, raising questions.
Amazon-Microsoft Friction Over Pentagon Cloud Deal Heating Up
The friction between the two tech giants illustrates the high stakes of the Pentagon deal.
Apple to Reopen Some U.S. Retail Locations Starting Next Week
The first stores to reopen will be in Idaho, South Carolina, Alabama, and Alaska with new safety procedures, including temperature checks.
Roku Sees Ad Upside to Pandemic
Company said in earnings that the move away from TV advertising could be funneled toward its digital ad business
Target Acquires Deliv’s Tech Assets
Target is acquiring the assets as Deliv shuts down its operations, a sign of the challenges of making same-day delivery a profitable business
India’s Jio Secures $1.5 Billion From Private Equity Firm
Jio, the digital arm of Reliance Industries, transformed India by spending billions to offer cheap, high-speed cellular data to hundreds of millions of users.
WeChat Gathers Data From Overseas Users for Chinese Censorship
The findings by Canadian security research group Citizen Lab reinforces the widespread belief that Tencent’s WeChat isn’t secure even outside of China.
Tesla to Restart California Plant Friday
Tesla’s U.S. plant could resume operations after a shutdown for Covid-19 even as production at its sole overseas plant, a factory in Shanghai, was abruptly suspended.
Majority of Google Employees to Work From Home Until End of Year
The update comes after Google had previously told employees they would keep work from home measures in place until June 1.
Endeavor’s WME to Cut 20% of Workforce
The cuts are the latest sign of pressure at the entertainment firm, which is heavily exposed to the live events business and carries a lot of debt.
Dropbox Reports First Quarterly Profit
Dropbox is seeing more adoption of its paid services as companies around the world work from home, according to CEO Drew Houston.
Uber’s Surging Food Delivery Business Mitigated Rides Decline From Covid-19
Uber's approach of operating multiple businesses such as food delivery, once considered a costly albatross around its neck, could be its saving grace.
Google Unifies Communications Products Under G Suite Boss
The move should help Google bring a more cohesive strategy to its communication apps—something its struggled with notoriously in the past.
New WarnerMedia CEO Challenges Staff to Aim High, Take Risks
In his first town hall, Jason Kilar spoke to employees about his priorities for the company.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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