A pedestrian walks through an illuminated underpass on Broadgate Circus in London.Swiss financial firm UBS will stay in the Broadgate complex when it moves as many as 6,000 workers into a new 700,000-square-foot building later this year. (Simon Dawson/Bloomberg News)
Disney revenue jumps 9% on ‘Jungle Book’

Walt Disney Co. reported a 9 percent rise in quarterly revenue on Tuesday, fueled by the box-office success of “The Jungle Book.”

Net income attributable to the company rose to $2.6 billion, or $1.59 per share, in the third quarter ended July 2, from $2.48 billion a year earlier. Revenue rose to $14.28 billion from $13.10 billion.

Disney also said it is acquiring a 33 percent stake in BAMTech, a video-streaming company formed by Major League Baseball, for $1 billion. Disney has the option to acquire a majority ownership.

— Reuters

Facebook begins blocking ad blockers

Facebook is blocking ad blockers on the desktop version of its service, saying well-made, relevant ads can be “useful.”  

At the same time, the world’s biggest social media company says it is giving users easier ways to decide what types of ads they want to see —  unless, of course, the answer is “none.”   Ad blockers filter out ads by obstructing images that originated with a known ad server. But Facebook has found a way around this.

On Tuesday, the desktop version of Facebook began showing users ads even if they have ad blockers installed.

The changes do not affect the mobile Facebook app, which brings in the bulk of the company’s advertising revenue.

— Associated Press

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