Category: Business

Lawsuit Alleges AT&T Inflated DirecTV Subscription Counts To Mislead Investors

Shareholders have recently filed a complaint that media conglomerate AT&T has encouraged employees to create fake accounts for its DirecTV Now streaming service in order to inflate subscriber numbers in an attempt to mislead investors going into the acquisition of Time Warner.  The complaint is actually an amendment, filed last week,

Nabriva Therapeutics Gets FDA Approval for New Bacterial Pneumonia Drug

Drug-resistant bacteria is quickly becoming the scourge of this generation, an unfortunate development that could become quite a dangerous epidemic.  As such, medical scientists continue to work on new treatments that will be effective as this problem grows.  Fortunately, it appears we are already making some headway in this field.  At the

Disney Shares Dip on Earnings Miss Ahead of Streaming Launch

In a surprising announcement, Disney reported third-quarter results fell short of expectations, mostly on the outcome of rising costs for the entertainment conglomerate.  It seems these mounting costs are likely related to the company’s new streaming platform, Disney+, which is slated for launch at some point this year.  Specifically, Disney shares

Compass Raises $370 Million in Funding, Valuation Now $6.4 Billion

The high-tech real estate brokerage firm Compass has acquired even more cash, which will definitely help the innovative company to continue building out its technological platform and grow its engineering hubs on both US seaboards.  Early this week, to close out the month of July, Compass announced yet another impressive round