Box stock moves higher after earnings show better revenue than expected

Box Inc. BOX, +1.40% shares moved higher in after-hours trading Tuesday after the enterprise-software company reported better quarterly revenue than it had forecast. The cloud-storage company reported third-quarter losses of $39.2 million, or 28 cents a share, on sales of $177.2 million, up from $155.9 million a year ago. After adjusting for stock-based compensation and costs related to shareholder activism, Box reported a loss of a penny a share, improving from an adjusted loss of 6 cents a share last year. Activists on average had expected an adjusted loss of 1 cent a share on sales of $174.7 million, after Box projected revenue of $174 million to $175 million. Box shares closed with a 1.8% gain at $16.76, then gained more than 5% in the extended session immediately after the results were announced. The stock has declined 1.1% so far this year, as the S&P 500 index SPX, +0.22% has gained 25%.

25 Ways ‘Sesame Street’ Has Changed in Its 50 Years on TV

S stands for Sesame Street, and it has since 1969 when the beloved show made its debut on public television. This year marks the 50th anniversary of friendly neighbors and fuzzy creatures who help kids, as well as their parents, learn powerful lessons about life.

One reason why the show has remained popular for half a century is its ability to adapt to changing times. 24/7 Tempo reviewed 25 ways the groundbreaking series, which has had more than 150 million viewers and won 193 Emmy awards, has changed over the years while staying true to its original mission of educating children. 

And sometimes that means addressing serious issues. Sesame Workshop, the organization behind the show, recently launched an initiative supporting children in foster families by showing how children deal with difficult transitions in their lives. But this is not the first or only example of the Muppets being deployed to combat problems. 

Aside from content, what has made “Sesame Street” such a global success is its Muppets. Many were introduced on the show half a century ago are still stars on the show today. Over the years, some characters were added to reflect changing times as well as to identify with an increasingly more diverse audience — these are the most popular characters in the show’s history. 

Click here to see 25 ways ‘Sesame Street’ has changed in its 50 Years on TV.

Republicans criticize Google’s new policy reining in political ads

WASHINGTON — President Donald Trump’s reelection campaign and the Republican National Committee are harshly criticizing tech giant Google for making it harder for political advertisers to target specific types of people.

They say the change will lead directly to suppressing voter turnout and engagement.

Alphabet’s GOOGL, +0.56%GOOG, +0.52%  Google has said that, beginning in January, advertisers will only be able to target U.S. political ads based on broad categories such as sex, age and postal code. Currently, ads can be tailored to more specific groups, such as political affiliation.

But the Trump campaign and Republican groups say Trump has built the greatest digital operation in politics, so its decision will “disproportionately impact both the Trump operation and all of the Republican candidates and organizations that derive strength from it.”

Shutterfly names Hilary Schneider its new CEO

Shutterfly Inc., acquired earlier this year by private-equity firm Apollo Global Management, said late Tuesday its board has named Hilary Schneider its new president and chief executive. Schneider succeeds Ryan O’Hara and her appointment is effective Jan. 15, the company said in a statement. Schneider had been the CEO of Wag, a dog-walking and dog care app. O’Hara will become an advisor to Apollo, the company said.

MedMen revenue rises 105% but misses estimates

MedMen Enterprises Inc. MMNFF, -3.74%MMEN, -4.48% reported Tuesday that revenue rose 105% but the cannabis company missed Wall Street consensus sales estimates. The weed retailer reported a fiscal first-quarter net loss of $31.5 million, which amounts to 16 cents a share, versus $12.5 million, or 27 cents a share in the year-ago quarter. Revenue rose to $44 million from $21.5 million a year ago. Analysts polled by FactSet had modeled sales of $47.9 million. "We entered Fiscal 2020 on a mission to build a more nimble and financially flexible MedMen," Chief Executive Adam Bierman said in a statement. "As we right-size our organization and implement an intensified focus on free cash flow generation, our business will become more efficient, in turn allowing us to better serve our stakeholders." The company has said previously that it is laying off roughly 20% of its employee base which should achieve $10 million in annual cost savings. U.S.-traded shares of MedMen have fallen 83% this year, as the S&P 500 index gained 25%. The ETFMG Alternative Harvest ETF MJ, -1.74% has fallen 32% this year.

Fourth child dies after police say San Diego father shot family in murder-suicide

San Diego police investigate a shooting that killed five members of a family and wounded one more in Paradise Hills on Saturday, Nov. 16, 2019 in San Diego, California. (Photo: Hayne Palmour/The San Diego Union-Tribune via AP)

SAN DIEGO — The only child to survive his family’s murder-suicide has died after his mother and three brothers were killed by his father.

The San Diego Union-Tribune reports that 9-year-old Ezekiel Valdivia was on life support since the Nov. 16 shooting and was pronounced dead on Saturday.

The boy’s uncle Karl Albright told The Union-Tribune of his nephew’s death.

Police have said 31-year-old Jose Valdivia killed 29-year-old Sabrina Rosario during an argument — one day after she’d obtained a restraining order against him amid a divorce.

Police say he also killed 3-year-old Enzi Valdivia; 5-year-old Zuriel Valdivia and 11-year-old Zeth Valdivia before taking his own life.

Nov. 16: 5 family members, including 3 children, dead in murder-suicide in San Diego, police say

Court records say he sent his estranged wife a photo of a handgun and the warning: “it’s sure happening.”