In the news: JP Morgan hacked, Disney extends Iger and more

Friday headlines include: a data breach at JP Morgan, Google studying a mobile messaging app, Disney extending Bob Iger's contract by two years, Facebook looking into the healthcare sector and Radio Shack refinancing some loans.

JP Morgan

Financial giant JP Morgan (JPM) said Thursday that information about 76 million households and about 7 million small businesses was stolen in a hacking attack over the summer. Hackers reportedly gained access to servers in June, but it was not discovered until August.

Google

Google (GOOGL) is reportedly considering launching a mobile messaging app to compete with WhatsApp and other similar services. The new service is likely to be tested in emerging markets, like India, where similar apps have been extremely popular. The company could also add certain localized features like support for Indian languages and voice-to-text messaging.

Disney

Entertainment conglomerate Disney (DIS) said Thursday that it extended chairman and CEO Bob Iger's contract through June 2018. The new deal will keep Iger at the company two years longer than he had initially planned. The company did not say who will take over at the helm of the company when Iger leaves.

Facebook

Social network Facebook (FB) is moving into the healthcare sector according to anonymous media reports. The company is looking into creating communities that could connect Facebook users with similar ailments. It is also exploring the use of preventative care applications that could help people improve their lifestyles.

Radio Shack

Struggling technology retailer Radio Shack (RSH) reached an agreement to refinance about $590 million in loans in a deal that will help the company restock its stores ahead of the holiday season. The company's largest shareholder, Standard General LP is leading the refinancing of a $535 million asset-backed revolver from GE Capital.

Bobby Raines

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.

You May Also Like