Headlines:

Aol and Yahoo will form Oath, a new company under Verizon

Yahoo and Aol will form a new company, named Oath., this summer, under Verizon. "Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017," Armstrong - the head of AOL who helped spearhead the Yahoo acquisition - wrote on Twitter. Marissa Mayer, Yahoo's CEO, is not expected to join the new company.

  • Written by Robert Woodward
  • Category: Companies

Disney company targeted in a lawsuit and accused of stealing a project idea

Gary Goldman, a veteran screenwriter ,filed a federal lawsuit Tuesday accusing Disney of stealing his idea for the hit animated film “Zootopia,” from a project that he first developed in 2000. The project was presented to Disney executives, in 2000 and 2009 but was rejected, so they had known his idea.

  • Written by Robert Woodward
  • Category: Companies

GameStop is looking to close up to 150 stores this year

The American video game retail chain made public their declining hardware and games sales figures during its last earnings report. GameStop announced that as a result it is considering to close between two percent to three percent of its global store footprint in 2017 alone.

  • Written by Jed E. Robinson
  • Category: Companies

Rolls-Royce will report an important headline loss

After the £671m settlement with regulators for past bribery and corruption, the UK aero-engine company Rolls-Royce is set to report the biggest headline loss in its history this week. It will reveal a pre-tax deficit of £4bn for 2016, when it reports annual results on Tuesday.

  • Written by Robert Woodward
  • Category: Companies

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