The optimistic scenario about Netflix Inc. goes like this: The company is wise to spend like mad to create a new generation of entertainment service that capitalises on the inexorable shift of people away from old ways of wasting time like television towards new modes of wasting time like staring at smartphones. Eventually, the theory goes, Netflix will stop bleeding ...

Money talks, but the big question for PG&E Corp next week is how closely the bankruptcy judge is listening. The battle for the future of the wildfire-prone California utility intensified this week with a fusillade of court filings. To recap, PG&E has an exclusive period until late September to file a proposal to get out of chapter 11. Late last ...

Bloomberg Walmart Inc is conducting its second US restructuring in as many months to better integrate its money-losing online business with its 4,700 physical stores. The world’s largest retailer will merge the logistics and finance teams for its e-commerce unit and stores, according to an internal memo obtained by Bloomberg News. The company’s merchandising operation, which makes critical decisions on ...