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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The Walt Disney Co. said Tuesday, Feb. 4, 2020, that profit fell 23% in its latest quarter to $2.13 billion as it absorbed losses, and a big revenue boost, from its new streaming service, Disney Plus. (AP Photo/Richard Drew, File)

Disney Plus hits nearly 29M subscribers in 3 months

Feb. 4, 2020 6:26 PM EST

NEW YORK (AP) — Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions. But as expected, starting up a new service comes with huge...

FILE- In this Feb. 14, 2018, file photo the logo for Alphabet appears on a screen at the Nasdaq MarketSite in New York. Google parent company Alphabet posted mixed fourth-quarter results on Monday, Feb 3, 2020, falling short on Wall Street's expectations for revenue but beating on profit. (AP Photo/Richard Drew, File)

Google 4Q revenue grew, but not enough for Wall Street

Feb. 3, 2020 6:17 PM EST

SAN FRANCISCO (AP) — Google's revenue grew, but Wall Street wanted more. Parent company Alphabet's stock fell more than 4% after financial results came out Monday, even as profits rose 19% and beat expectations for the last three months of the year. Helped by lower taxes, Alphabet said Monday it earned...

FILE - In this Dec. 17, 2019, file photo an Amazon robot sends a package down a chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. Amazon.com reports financial results on Thursday, Jan. 30, 2020. (AP Photo/Ross D. Franklin, FIle)

Amazon's latest milestone: 150 million Prime members

Jan. 30, 2020 7:11 PM EST

NEW YORK (AP) — Amazon had another prime holiday season. The online retailer said Thursday it has more than 150 million Prime members worldwide who pay $119 a year for faster shipping and other perks. That's up 50% from the last time Amazon disclosed the number in 2018. It also surpasses Netflix, which has...

An iPad Pro and a Macbook Pro are displayed an Apple store Tuesday, Jan. 28, 2020, in suburban Boston. Apple reports financial earns on Tuesday. (AP Photo/Steven Senne)

Apple holiday season tops projections as iPhone bounces back

Jan. 28, 2020 6:49 PM EST

SAN FRANCISCO (AP) — Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds. That combination produced a banner holiday season for a company whose fortunes appeared to be sliding...

FILE - This Oct. 8, 2019, file photo shows the Netflix app on an iPhone in New York. Netflix reports financial results Tuesday, Jan. 21, 2020. (AP Photo/Jenny Kane, File)

Netflix holds its own in the streaming wars - for now

Jan. 21, 2020 7:27 PM EST

SAN FRANCISCO (AP) — Netflix is holding its ground in the streaming wars, passing its first big test since Apple and Disney launched rival services. The company added 8.8 million worldwide subscribers during its fourth quarter, surpassing expectations at a time when it faces heated competition. Netflix had...

FILE - This Aug. 23, 2019, file photo shows the New York Stock Exchange in New York. Global stock markets are subdued as investors look ahead to the signing of an interim U.S.-China trade deal. Indexes were mixed in Europe while those in Shanghai, Hong Kong and South Korea finished higher. Investor focus has shifted to the trade deal as concern over potential U.S.-Iranian conflict has faded.  (AP Photo/Frank Franklin II, File)

Asian shares rise on optimism about US-China trade deal

Jan. 13, 2020 10:35 PM EST

TOKYO (AP) — Asian shares followed Wall Street higher on Tuesday amid optimism that a trade deal between the U.S. and China will be a boon for the regional economy. Japan's benchmark Nikkei 225 rose 0.7% in morning trading to 24,026.10, while Australia's S&P/ASX 200 added 0.6% to 6,946.80. South...

FILE - In this May 29, 2018 file photo,  Richard Plepler attends the Lincoln Center for the Performing Arts American Songbook Gala at Alice Tully Hall in New York.  The former head of HBO has signed an exclusive production deal with Apple to make TV shows and movies for the iPhone maker's new streaming service, Apple TV Plus.  Plepler is well-known in the entertainment industry and cultivated HBO's reputation for “prestige” TV. He left HBO shortly after AT&T bought its parent company, Time Warner, and began transforming the media company to propel its own upcoming streaming service, HBO Max.  (Photo by Evan Agostini/Invision/AP, File)

Ex-HBO head to make TV, movies for Apple's streaming service

Jan. 3, 2020 2:39 PM EST

The former head of HBO, Richard Plepler, has signed an exclusive production deal with Apple to make TV shows and movies for the iPhone maker's new streaming service, Apple TV Plus. Plepler is well known in the entertainment industry and cultivated HBO's reputation for “prestige” TV. He left the...

This undated image provided by Disney Plus shows a scene from

Quiz: How well did you keep up with business news in 2019?

Dec. 18, 2019 11:50 AM EST

NEW YORK (AP) — 2019 wound up being another big year for news from the business world. There was a leadership transition at Google's parent company, a huge IPO by Saudi Aramco, and more scrutiny for Facebook as the social media company alarmed users and regulators with plans to create a digital currency....