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Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase

Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company's controlling shareholder. Under the agreement, Alibaba Pictures will issue one billion new shares, priced at HKD $1.25 each share for a total of HKD $1.25 billion (about $160 million), to Alibaba Group. The announcement of Alibaba Group’s new share purchases comes the week after Alibaba Pictures chairman and chief executive officer Fan Luyuan took charge of Youku, Alibaba Group’s video streaming unit, after its former president Yang Weidong stepped down.

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  Tesla tests Autopilot navigation for traffic lights and roundabouts

  Engadget
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  Google's Mountain View development plans include affordable housing

  Engadget

The 19 best big companies to work for in 2019, according to Glassdoor

Employer review website Glassdoor released its annual “Best Places to Work” report, consisting of the top 100 large companies to work for going into 2019.

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  The 19 best big companies to work for in 2019, according to Glassdoor

  Yahoo Finance
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  Google's rumored Pixel 3 'Lite' XL might ditch the notch

  Engadget

Google heads to the Hill — What to know in the week ahead

Google heads to Washington, and everything else you need to know for the week ahead.

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  Netflix superhero show 'The Umbrella Academy' debuts February 15th

  Engadget
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  The best plug-in smart outlet

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Google's Android file manager now supports USB drives

Files by Google (formerly Files Go) is helpful if you want an official means of managing the files on your Android phone, but there's been an obvious limitation: you couldn't move files to physical storage beyond the phone itself. Google has released an update to Files that introduces support for external storage using USB On-the-Go.

Australian regulator says probe of tech giants spurs five investigations

Australia's competition regulator says it has five investigations afoot as a result of its examination of the market power and public influence of tech giants such as Facebook Inc and Alphabet Inc's Google. ...

Google, Facebook Face Australia Crackdown Over Market Power

In a preliminary report released Monday, the Australian Competition and Consumer Commission said a new or existing watchdog should investigate and monitor how large digital platforms rank and display adverts and news. “The ACCC considers that the strong market position of digital platforms like Google and Facebook justifies a greater level of regulatory oversight,” Chairman Rod Sims said in a statement.

Is Johnson & Johnson (JNJ) A Good Stock According To Hedge Funds?

“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]

Elon Musk slams SEC, says Tesla’s critics have been ‘unfair’ and ‘outrageous’

The Tesla boss explains to Leslie Stahl on “60 Minutes” how the haters are missing the whole point when it comes to the future of his electric car company. He also talks about his childhood and the future of electric cars.

Musk suggests Tesla's new chairwoman won't rein him in

Tesla CEO Elon Musk dismissed the idea that the company's new chairwoman can exert control over his behavior. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk as part of as part of a securities fraud settlement with U.S. government regulators. "It's not realistic in the sense that I am the largest shareholder in the company," Musk said in an interview with CBS' "60 Minutes," broadcast Sunday evening.