China's Toutiao is buying Music.ly in a deal worth $800M-$1B

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China's Toutiao is buying Music.ly in a deal worth $800M-$1B

Music.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement made today.
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Hawaii airline Island Air announces it's shutting down

Hawaii's second-largest airline, Island Air, has announced its last day of service will be Friday after having exhausted all options to remain flying.
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Chinese-Owned Factory in Ohio Fights Off Unionization Plan

The interior of a Fuyao Glass America manufacturing plant in Ohio. Credit Nathan C. Ward for The New York Times. A Chinese glassmaker beat back a unionization bid at a plant in Ohio on Thursday, winning a key victory in an important test of the way
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Nordstrom Lost $20 Million in Q3 Sales Due to Hurricanes

Nordstrom Inc. shares have slipped into the red in after-hours trading after the firm's third-quarter sales missed expectations as a result of several natural disasters during the period.
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Disney's cost from Hurricane Irma is $100M

A new report shows that Disney, Universal, and other theme parks saw nearly flat growth in 2016 – but things are expected to improve incrementally over the next few years.
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