Media News
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China’s ruling Communist Party said it will strengthen management of online social media sites that have increasingly questioned government actions and exposed official graft.
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Amazon.com Inc., the world’s largest Internet retailer, reported a plunge in third-quarter profit after it ramped up spending on new products such as the Kindle Fire tablet. The shares tumbled 19 percent in late trading.
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Netflix Inc. dropped the most in seven years after the video-rental service said it lost 800,000 U.S. subscribers in the third quarter, more than expected, and predicted more cancellations over a price increase.
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Nokia Oyj unveiled a suite of applications that integrate its maps database with data on buildings, buses, people and other objects, in a bid to differentiate its new Windows Phone handset from rivals.