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Snap Stocks Tumbles 26 Percent

Snap Inc. added fewer users than projected in the first quarter, a sign that Facebook Inc.’s strategy of copycatting virtually every feature of its Snapchat app is taking a toll on the newly public company. The stock tumbled 26 percent. In its debut earnings report after a March initial public offering, Snap, whose mobile app […]

American Idol to Return

ABC has reached an agreement with FremantleMedia to bring American Idol the singing competition that birthed a reality TV movement back. The agreement comes a little more than a year after the series went off the air after 15 seasons on Fox. ABC announced the deal on Tuesday’s “Good Morning America.” The show will be […]

Sony Sees Highest Profit Since 1998

Sony’s recovery is almost complete, with the electronics maker targeting its highest annual operating profit in two decades. Continued dominance in gaming and strong growth in phone-camera chips will translate into operating profit of 500 billion yen ($4.5 billion) for the fiscal year through March 2018, the Tokyo-based company reported Friday. That was in line […]

Lyft lands $600 Million in Fresh Funding

Ride-services company Lyft has raised $600 million in fresh funding, fuel for the company’s growth as it continues to compete fiercely with larger rival Uber. Lyft said on Tuesday it closed the widely anticipated funding round, which had been in progress for weeks. The $600 million came mostly from large global investment funds rather than […]

Carrie Underwood Leaves Sony

After a 12-year partnership with Sony Music’s Arista Nashville imprint, Carrie Underwood has signed a new worldwide record deal with Universal Music Group, it was announced Tuesday. The seven-time Grammy winner will team up with Capitol Records Nashville as part of UMG for the next phase of her career. “Already a top tier force in […]

Adidas’ All Day App Aims to Help You stay Fit & Eat Healthy

Earlier this month, at SXSW, Adidas teased it was working on new, “open” digital fitness products. And today we’re getting a clearer picture of its strategy, thanks to the introduction of All Day, an app for iOS and Android that’s designed for “versatile” athletes. What this means, according to Adidas, is that the application will […]

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