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Investor Carl Icahn said he is 'very hopeful' that Republican presidential candidate Donald Trump will win in November, praising the nominee's economic policy speech on Monday. (Bloomberg)
Facebookis going to start forcing ads to appear for all users of its desktop website, even if they use ad-blocking software. The social network said on Tuesday that it will change the way advertising is loaded into its desktop website to make its ad units considerably more difficult for ad blockers to detect. (Wall Street Journal)
A federal jury found California's largest utility Pacific Gas & Electricguilty of violating pipeline safety regulations before a deadly natural gas pipeline explosion in the San Francisco Bay Area and then misleading investigators about how it was identifying high-risk pipelines. (Wall Street Journal)
Walt Disney Co took a bold step to secure the digital future of ESPN, acquiring a stake in BAMTech, a video streaming company created by Major League Baseball. (LA Times)
FX Networks CEO John Landgraf, has warned about the sheer volume of scripted TV shows on the air. He told TV critics that he expects the industry to now hit peak supply by 2019. He says he underestimated the output ofNetflixwhen he originally predicted the peak would be in 2015 or 2016.(Vulture)
Ralph Lauren Corp on Wednesday reported a fiscal first-quarter loss of US$22mln, after reporting a profit in the same period a year earlier, topping Wall Street expectations. (The News Tribune)
Michael Kors Holdings reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visit malls and a strong dollar discourages tourists from spending on its handbags and accessories. (Fox Business)
Wendy's Co on Wednesday reported second-quarter net income of US$26.5mln. The hamburger chain's results exceeded Wall Street expectations. (The Columbus Dispatch)
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