After the biggest Atlantic storm on record struck the New Jersey shore last October, Seaside Heights Mayor William Akers was asked repeatedly if the town would rebuild in time to welcome summer tourists. “Oh, no problem,” he’d reply.
In 1972, President Richard Nixon cruised to re-election. “The Waltons” premiered on CBS. And Sumner Redstone, who wasn’t yet a global media mogul, made a taxable gift to his children and failed to file a return.
U.S. stocks fell, dragging the Standard & Poor’s 500 Index from a record high, on slower growth in American payrolls and manufacturing as the Federal Reserve said it will maintain its bond buying to support the economy.
Twitter Inc. is close to reaching partnerships with television networks that would bring more high-quality video content and advertising to the social site, according to people familiar with the matter.
Time Warner Cable Inc., the second- largest U.S. cable operator, is adding live out-of-home programming for the first time to its TWC TV application, letting customers watch shows on Apple Inc. mobile devices.
Intel Corp. is making progress in talks with Time Warner Inc., NBC Universal and Viacom Inc. to obtain TV shows and films for a first-of-its kind online pay-TV service, according to people with knowledge of the situation.