An exclusive report by Reuters says that Viacom Inc. (NYSE: VIAB) is willing to make a cash offer for Scripps Networks Interactive Inc. (NYSE: SNI). The deal would bolster the number of cable channels controlled by the larger company.
President Trump said Apple Inc. (NASDAQ: AAPL) will build three plants in the United States, perhaps a reaction to one of the president’s signature efforts to bring jobs back to the United States.
The United Kingdom may ban the sale of new gas and diesel powered cars starting in 2040, according to the Financial Times.
Adobe Systems Inc. (NASDAQ: ADBE) will phase out its Flash video player over the next several years. The product was at the vanguard of online playerless video, which replaced video players from companies that included Microsoft.
Blue Apron Holdings Inc. (NYSE: APRN) fired its chief operating officer and cofounder after its stock has struggled since its initial public offering.
Nintendo revenue rose 150% in the latest quarter. According to CNBC:
Nintendo swung to profit in its fiscal first quarter, beating analyst expectations, boosted by a strong performance from its new Switch console and hit new Mario and Zelda games.
The Japanese electronics giant reported the following results:
Revenue of 154.07 billion yen ($1.37 billion) versus expectations of 136.53 billion yen
Operating profit of 16.21 billion yen versus analyst forecasts of 9.52 billion yen
The revenue figure marks a nearly 150 percent year-on-year rise, while Nintendo returned to an operating profit after reporting a 5.13 billion yen loss in the same period last year.
Nintendo said it sold 1.97 million units of its hybrid Switch consoles in the quarter through June, which is down from the 2.74 million in the first quarter. Altogether Nintendo has sold 4.71 Switch consoles, and despite the slowdown, maintained its target of selling 10 million in this financial year.
Recode reports that Meg Whitman of Hewlett Packard Enterprise Co. (NYSE: HPE) may be considered for the CEO job at Uber.