The network's push to ramp up its online All Access service - which offers its shows on PCs, tablets and smartphones for $5.99 a month - comes as media companies are rethinking their business models and their relationships with streaming video providers, treating them more like competitors than allies. Moonves is also considering putting shows on All Access from the CW Network, its joint venture with Time Warner Inc's Warner Bros, which produced the offbeat hits "Crazy Ex-Girlfriend" and "Jane the Virgin." Ultimately, Moonves said he wants the service to include content from its Showtime subsidiary, best known for "Homeland" and "Dexter," and possibly shows from other partners.
China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using "surrogate countries" to pursue anti-dumping claims, a Ministry of Commerce spokesman said, according to a statement released on the ministry's website on Saturday. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on Russia, following its investigation into alleged dumping by the two countries.
U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Non-farm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point to 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. The payrolls gain was a sharp step-down from the average 231,000 jobs per month during the fourth quarter.