Briefs The Force Awak­ens

Bloomberg Businessweek (Europe) - - COMPANIES/INDUSTRIES -

●● The Star Wars force proved strong for Walt Dis­ney and Has­bro. The lat­est chap­terr in the space opera pushed profit at Dis­ney’s filmlm unit up 86 per­cent, to $1 bil­lion in the quar­terter ended on Jan. 2. Star Wars ac­tion fig­ures helped ed Has­bro sales rise 13 per­cent, to $1.5 bil­lion, in the he quar­ter ended on Dec. 27. ●● In­dia blockeded Face­book’s free In­ter­net app as part of a hotly tly de­bated rul­ing in fa­vor of net neu­tral­ity. Thee govern­ment was con­cerned that Face­book would pri­or­i­tize ze some on­line con­tent. Face­book CEO Mark Zucker­berg said in a state­ment he was dis­ap­pointed, but the com­pany won’t give up on a plan to blan­ket the coun­try with free Web ser­vice. ●● Zen­e­fits CEO and co-foundero-fou Parker Con­rad re­signed af­ter the com­pany came un­der fire for lax com­pli­ance with state in­sur­ance rules. The health-in­sur­ance bro­ker­age tapped Chief Op­er­at­ing Of­fi­cer David Sacks to re­place him. Once a ven­ture cap­i­tal dar­ling, Zen­e­fits re­cently hired an ac­count­ing firm to con­duct a third-party re­view of its in­sur­ance li­cens­ing pro­ce­dures. ●● Bonuses are out­pac­ing busi­ness at Alibaba. In the nine months through De­cem­ber, the Chi­nese e-com­merce gi­ant said share- based com­pen­sa­tion jumped 37 per­cent and rev­enue in­creased 31 per­cent. Alibaba’s work­force grew only 6 per­cent last year. ●● Shares of U.S. util­i­ties and coal min­ing out­fits rose as the Supreme Court put on hold fed­eral reg­u­la­tions to curb car­bon diox­ide emis­sions from coal-fired power plants. More than 24 states joined the en­ergy in­dus­try in block­ing the Obama ad­min­is­tra­tion’s Clean Power Plan. The es­ti­mated mar­ket for le­gal U.S. mar­i­juana in 2016—a 24 per­cent in­crease from the pre­vi­ous year. About 80 per­cent of the trade rade is from med­i­cal sales.

HTS­maller serv­ings are pay­ing off for As the com­pany pitched mini-cans and 8-ounce bot­tles in the re­cent quar­ter, its sales vol­ume fizzed up 3 per­cent.

CEO Wis­dom “Any­time a story breaks, we’re e re­spond­ing right away, be­cause mis­in­for­ma­tion gets out there, and peo­ple think, well, that is the gospel.”


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