Netflix officially rules the media world.

Netflix is now worth more than Disney and Comcast

money.cnn.com • Business

Shares of Netflix (NFLX) were up Thursday even as Disney (DIS), Comcast (CMCSA) and the broader market fell. Netflix's market value is now $153.1 billion. Disney's market cap as of Thursday afternoon was $152 billion.

The service can track people in a video even when their faces are not visible

Amazon Pushes Facial Recognition to Police. Critics See Surveillance Risk.

nytimes.com • Business

In late 2016, Amazon introduced a new online service that could help identify faces and other objects in images, but now that aggressive push is putting the giant tech company at the center of an increasingly heated debate around the role of facial recognition in law enforcement.

JCPenney is in serious trouble

JCPenney CEO leaves for Lowe's

money.cnn.com • Business

Lowe's has tapped JCPenney CEO Marvin Ellison as its new chief executive. Ellison had been trying to lead a turnaround at JCPenney, but that has not been going well recently. It lost $69 million in the most recent quarter.

Deere joined a host of U.S. manufacturers reporting rising expenses

Deere to Raise Prices as Costs Climb

wsj.com • Business

Rising expenses in recent quarters have weighed on Deere’s performance even as machinery demand picks up.

Applications for U.S. jobless benefits increased more than expected last week

U.S. labor market tightening; mid-Atlantic factory activity picks up

reuters.com • Business

Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 222,000 for the week ended May 12, the Labor Department said. Economists polled by Reuters had forecast claims rising to 215,000 in the latest week.

The social-media giant is pouring cash into content review after high-profile failures

Facebook Throws More Money at Wiping Out Hate Speech and Bad Actors

wsj.com • Business

The moves reflect Facebook’s increased focus on stamping out graphic violence, hate speech, fake accounts and other objectionable posts that have marred the social-media giant’s image in the past 18 months.

About 3% of Seattle businesses will end up paying the tax, which will be used to help the poor and the homeless.

Amazon fuming after Seattle votes to tax high-grossing corporations to help the homeless

latimes.com • Business

After a threat by the world's richest man that he might reconsider investing in Seattle, a divided city council came together this week and unanimously approved a new tax on high-grossing corporations — but at about half the amount originally proposed.

The main point, President Donald Trump told auto chiefs, is job creation.

Trump Keeps Up Pressure on Auto Makers to Generate U.S. Jobs

wsj.com • Business

The auto industry is juggling a range of policy priorities in Washington, from tariffs to tailpipe emissions. But one item remains firm atop President Donald Trump’s agenda for the industry: more jobs for Rust Belt states that helped elect him.

With ESPN+ and a new app, Disney could solidify cable’s ‘skinny bundles’ by supplementing with streaming subscriptions

Disney’s approach to streaming ESPN could determine the future of television

marketwatch.com • Business

The Walt Disney Co. could break the cable bundle completely. Instead, Disney is going to collect some of the money that runs through its channels while building streaming ammunition in case a war with the bundlers ever happens.

Glassdoor will continue to be led by its current chief executive and co-founder, Robert Hohman,

Japan's Recruit to buy U.S. job site operator Glassdoor for $1.2 billion

reuters.com • Business

Japanese HR services provider Recruit Holdings Co (6098.T) said on Wednesday it will buy Glassdoor Inc for $1.2 billion to tap into the California-based job-site operator’s database of company reviews and salary data.

Ashkenazy, Kingdom Holding are said to exercise option

Plaza Hotel’s $600 Million Deal May Go Forward With New Buyers

bloomberg.com • Business

Ashkenazy Acquisition Corp. and Saudi Prince Alwaleed bin Talal’s Kingdom Holding Co. have exercised a right of first refusal to match a $600 million offer for New York’s Plaza Hotel, in a move that would scuttle another group’s agreement to buy the property, according to a person with knowledge of the matter.

© 2015 Streak Media LLC | Contact Us | Dashboard