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Home News Business Briefs ‘Gravity’ hits No. 1, Apple tablet is best-seller

‘Gravity’ hits No. 1, Apple tablet is best-seller

• Three weeks after its initial launch, Americans still struggle to get through some of the bugs and glitches on “No one is madder than me about the fact that the website isn’t working as well as it should … It’s going to get fixed,” President Obama said in the Rose Garden, according to the New York Times.

• Classic characters of rock ’n’ roll, such as Thom Yorke of Radiohead and Talking Heads frontman David Byrne, refuse to allow their content to be put on the music-streaming site, Spotify, saying music- streaming sites have the potential to ruin music’s creativity, according to CNBC.

• Science-fiction movie, “Gravity,” starring Sandra Bullock and George Clooney, was No. 1 at the box office for a third week in a row. The 3D hit is a huge success for Time Warner Inc., according to the Wall Street Journal.

• Netflix Inc. reached 30 million subscribers as of Sept. 30, and the online video streaming giant is poised to pass HBO in paid U.S. subscribers. The milestone will prove that the company is reaching its goal of becoming a web-based television network, according to Bloomberg.

• Apple Inc. is on track to unveil their new iPads on Tuesday, Oct. 22. The company’s iPad mini is the best-selling tablet in the world and accounts for two of every three iPads sold, according to the Wall Street Journal.

• Last week, Google, after reporting better than expected quarterly earnings, traded at over $1,000 per share. The drive was caused mainly by increased usage on mobile devices, according to the New York Times.

• Betty White is making her safety video debut. Air New Zealand, famous for providing entertaining in-flight safety videos, released a new video featuring the “Golden Girl” in a retirement home, according to CNBC.

• Retail giant J.C. Penney has decided to sell less Martha Stewart Living Omnimedia Inc. products. The two companies were sued by Macy’s on allegations of breaking an exclusive merchandising deal between Macy’s and Stewart, according to CNBC.


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