The Treasury said corporations were increasingly moving their parent companies overseas to dodge U.S. taxes. The Treasury said the practice erodes the tax base.
The president got approval for his plan to train and equip Syrian opposition fighters, but lawmakers didn't approve funds to pay for it or the broader air campaign.
Fox's ratings are in free fall. Last season, the network averaged about half the viewers of CBS. Without big football games to shore up its ratings, the network is looking for a hit.
"I think it’s very important," says Horizon Media Research Director Brad Adgate. " Television is still a hit driven business and they need a hit."
One potential bright spot in the darkness is "Gotham", a dramatic Batman prequel. The Television Critics Association has named it the season's "most promising series." "It's exciting. It's a little scary," says TCA treasurer and TV critic Jacqueline Cutler. "I will be absolutely gobsmacked if this is not Fox's huge hit of the year."
But critics have been gobsmacked before, and Fox needs more than a critical darling. The network has struggled since the heyday of American Idol, which regularly helped FOX come from behind to lead with the coveted 18-to-49-year-old demographic. "They did that [for] eight straight seasons, which is unprecedented in the annals of television," Adgate says. "You know, they can’t rely on that anymore."
It's a particularly tall order at a time when network television as a whole, is losing ground to cable television. "Network TV at this point is less than a third of the national TV advertising market. Cable is two times bigger," says Brian Wieser, media analyst at Pivotal Research.
"In that context a decline in ratings at Fox shouldn't be that surprising."
So Fox is betting big on "Gotham", and entering the market for superheroes while the getting is good. The CW found enough success with another DC show, "Arrow", that it's doubling down this season with a lighter spin-off about the Flash. But the CW generally gets lower ratings than other broadcast networks, and a smash there — "Arrow" usually pulls in around 3 or 4 million viewers — just won't hold up on the big four.
The Marvel series "Agents of S.H.I.E.L.D." was a solid hit for ABC, but couldn't hold onto the nearly 12 million who tuned in for its massive debut. ABC brought the show back and added another, "Agent Carter". But in all, the field is going to be a lot more crowded. NBC also has a DC show, "Constantine" on Friday nights this fall, and juggernaut CBS just ordered a "Supergirl" series.
Gotham premieres tonight at 8 p.m. eastern, but with Hulu and DVR, analysts say we won’t know the real ratings for another week.
I love coffee. I love beer. But I'm not sure how big of a market there's going to be for a coffee drink that tastes like beer.
This weekend, Starbucks workers took to Reddit to talk about the Dark Barrel Latte, which is, I suppose, supposed to remind one of stout. Like coffee-flavored stouts, but the other way around?
It's also going to have caramel, chocolate and whipped cream. So really, it's not even coffee.
And yes, I am a purist.
Blackberries used to be a permanent fixture on the hip of many professionals, but in recent years, lots of those users have ditched the “crack berry” in favor of iPhone or Android devices. Vultures have circled over the company as a few of its new smart phones flopped.
But despite the ongoing death watch, Blackberry is still alive and will likely debut two new phones this week: The Classic and the Passport.
However, it’s not trying to reclaim its old status, says Charles Golvin, the founder and principle analyst of Abelian Research.
“It would be a mistake to think about Blackberry as a competitor to Apple and the iPhone or other Android-based device manufacturers,” says Golvin. “They’re not focused on consumers, they’re focused on businesses.”
Blackberry’s target is “the hard-core email user who’s in a regulated industry where the keyboard is really the value-added differentiator,” explains Bryan Prohm, an analyst who covers Blackberry for Cowen and Company.
These phones are meant to attract government, finance, and legal users, plus IT managers who will be tempted by Blackberry's security and device management software.
The devices are a way to get people to use Blackberry’s software – the company’s real focus these days.
So is this makeover enough to shoo away the vultures?
“The way I see it is, it’s a reinvention in progress,” says Frank Gillett, an analyst at Forrester Research. “There’s still lots of challenges before we know whether [Blackberry] will survive. So I haven’t written them off, but they really aren’t competitive anymore in the consumer handset market.”
The company, which declined to comment for this story, has stabilized its financials in recent quarters. But Apple is also chasing corporate clients. It announced a new partnership with IBM recently, with its eye on a similar business prize.