Google said Friday that a federal judge in California granted its request to pause his order directing the Alphabet unit to overhaul its Android app store Play by Nov. 1 to give consumers more choice over how they download software.San Francisco-based US District Judge James Donato made the decision on Friday as part of an antitrust lawsuit against Google brought by “Fortnite” maker Epic Games. Google argued that Donato’s Oct. 7 injunction would harm the company and introduce “serious safety, security and p ...

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% to $754.90 and was set to add more than $28 billion to its market value of about $295 billion, if gains hold.It topped estimates for quarterly subscriber additions by more than 1 mil ...

Microsoft is reportedly in a tussle with OpenAI over what size piece it will get of the artificial intelligence juggernaut as the latter prepares to transform itself from nonprofit to for-profit company.Both firms have turned to investment banks for advice in the high-stakes negotiations as Microsoft seeks a major slug of equity in OpenAI in exchange for the $14 billion in cash it has injected into the company thus far, according to the Wall Street Journal.Microsoft, headed by CEO Satya Nadella, has hired M ...

The federal government is investigating Tesla's "Full Self-Driving" software after several crashes that were blamed on the system, including one that led to a fatality. The National Highway Traffic Safety Administration on Friday said it was opening an investigation into 2.4 million Tesla vehicles with the automaker's Full Self-Driving software after four reported collisions. The US auto safety regulator said it was opening the preliminary evaluation after four reports of crashes where FSD was engaged durin ...

CVS Health on Friday replaced CEO Karen Lynch with David Joyner, a CVS veteran who retired before returning to the company last year, after investors including activist Glenview Capital pressured the company to improve its stagnant share price.It also withdrew its 2024 forecast and gave an outlook for third-quarter earnings far below analyst estimates.CVS shares were down 7% at $58.64 on Friday. 3 CVS shares dropped on Friday as it replaced CEO Karen Lynch, who took over in 2021. APThey are down by nearl ...

Streaming video pioneer Netflix picked up 5.1 million subscribers in the third quarter, topping Wall Street estimates by more than 1 million users, the company said in its earnings report on Thursday.Shares of Netflix were up more than 4% at $718.10 in after-hours trading. The stock closed the regular session down 2% at $687.65.Investors had expected Netflix to bring in 4 million subscribers from July through September, according to analysts’ estimates compiled by LSEG. New programming during the period inc ...

Google is “very likely” to be barred from paying billions of dollars each year to Apple to ensure its search engine is enabled by default on iPhones after its stunning loss to the Justice Department in a landmark antitrust trial, according to analysts at Jefferies.Judge Amit Mehta ruled in August that Google has an illegal monopoly over online search and specifically called out the firm’s habit of cutting checks for default status – including $20 billion to Apple in 2022 alone – as an anticompetitive tactic ...

Amazon is the latest tech giant to embrace nuclear energy as it scrambles to supply electricity-hogging artificial intelligence programs.Amazon Web Services, the Seattle-based e-retailer’s cloud computing unit, said Wednesday it will invest more than half a billion dollars in three projects — one in Washington state, one in Virginia and another in Pennsylvania.The Virginia and Washington state deals obligate AWS to put up the money for power utilities to study the feasibility of adding small modular reactor ...

Facebook and Instagram parent Meta has reportedly fired about two dozen staffers in Los Angeles for abusing a $25 daily meal perk to stock up on household supplies like wine glasses, acne pads and laundry detergent.The fired workers were found to have misused the meal credit program – intended for workers who stay at the office late or are based in offices that lack a kitchen – over a long period of time, the Financial Times reported, citing a person familiar with the matter. The firings were part of a broa ...

Comcast-owned NBCUniversal plans to add its regional sports channels to its Peacock streaming service as soon as early 2025, the Wall Street Journal reported Wednesday, citing people familiar with the plans.The four NBC Sports networks that will be added have local broadcast rights in Boston, Philadelphia and across Northern California, including to games for high-profile teams such as the Golden State Warriors, Celtics and Phillies, the report said.The four NBC Sports networks that will be added have local ...