Alibaba revenue up big
Chinese e-commerce giant Alibaba reported a quarterly revenue increase of 32% on Tuesday morning, beating analysts’ expectations. However, its earnings are also expected to reflect continuing economic difficulties in China. The company pushed back last month against a report that said its stock could lose half its value.
SXSW nixes harassment in gaming panels
South by Southwest Interactive has cancelled two sessions on harassment in the gaming community after numerous threats of real-life violence surfaced online. Last year, the Gamergate movement was accused of spearheading the harassment of female gamers.
NFL lets cities that could lose teams sound off
Football fans in St. Louis, Oakland, and San Diego will get the chance to have their voices heard this week at three town halls scheduled by the NFL. The Rams, Raiders, and Chargers are the three teams most likely to ditch their home cities for Los Angeles.
Illinois to crack down on daily fantasy sports
Illinois lawmakers are set to introduce legislation on Tuesday to regulate daily fantasy sports websites such as DraftKings and FanDuel. The bill would make it easier for the state to audit the sites and ban their employees from playing themselves.
Disappointing numbers expected from Volkswagen
Analysts expect Volkswagen’s quarterly numbers, scheduled for Wednesday, to take a beating from the emissions testing crisis battering the company. Some say it will take a loss in the period. Among the other companies set to release quarterly numbers this week is Sony, whose report is set for Friday.
United says sorry to disabled customer
United Airlines issued an apology on Monday to a passenger with cerebral palsy who was forced to crawl off a plane after a wheelchair could not be quickly found after a five-hour flight from San Francisco to Washington, DC.
UNC runs up $7m bill on PR and legal
The University of North Carolina has spent more than $7.5 million on PR and legal services to respond to its long-running academic scandal. The school has been accused of enrolling athletes in classes that required little to no work for as long as 18 years.