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January 22, 2020
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Vodafone Group exits Facebook-led Libra currency group

Reuters
A man checks his mobile phone next to a Vodafone logo at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez (Reuters) – Britain’s Vodafone Group PLC (VOD.L) has left the entity that manages the Facebook Inc (FB.O) led effort to launch Libra, a global digital currency,......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Reuters
(Reuters) – Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

U.S. judge hears closing arguments in T-Mobile/Sprint merger trial

Reuters
NEW YORK (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws. FILE PHOTO: A smartphones with......
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WarnerMedia’s CNN to pay $76 million to settle dispute with Team Video Services

Reuters
FILE PHOTO: The CNN logo stands outside the venue of the second Democratic 2020 U.S. presidential candidates debate, in the Fox Theater in Detroit, Michigan, U.S., July 30, 2019. REUTERS/Brian Snyder (Reuters) – WarnerMedia’s news channel CNN, owned by AT&T Inc, on Friday agreed to pay $76 million in backpay......
Reuters - Business

Japanese billionaire Maezawa in $9 million ‘social experiment’ giveaway

Reuters
TOKYO (Reuters) – Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a “social experiment” to see if the payment boosts their happiness. FILE PHOTO: Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo, who has......
Reuters - Business

Turkey unveils first fully homemade car in $3.7 billion bet on electric

Reuters
ISTANBUL (Reuters) – Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years. Turkish President Tayyip Erdogan poses with a prototype of......
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Uniqlo founder Yanai resigns as SoftBank board member after 18 years

Reuters
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) said Tadashi Yanai, founder and CEO of Uniqlo parent Fast Retailing (9983.T), will resign as independent board member at the end of the month after 18 years on the job to focus on his fashion business. FILE PHOTO: Tadashi Yanai, chairman and......
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Lone Star emerges as white knight bidder for Japanese hotel chain Unizo

Reuters
TOKYO (Reuters) – Japanese hotel chain Unizo Holdings (3258.T) said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group (BX.N), Fortress Investment Group and activist investor Elliott Management. FILE PHOTO: The logo......
Reuters - Business

Testimony ends in T-Mobile-Sprint merger trial in New York

Reuters
FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – Testimony ended on Friday in a lawsuit by a group of states led by New York and California......
Reuters - Business

U.S. Justice Department and FCC fight state effort to block merger of Sprint, T-Mobile

Reuters
A Sprint sign is seen on top of a Sprint retail store in Manhattan, New York, U.S., September 22, 2017. REUTERS/Amr Alfiky WASHINGTON (Reuters) – The U.S. Justice Department and Federal Communications Commission filed in court on Friday to support a merger of T-Mobile (TMUS.O) and Sprint (S.N), the third-......
Reuters - Business

Exclusive: U.S. talks with GM over deploying self-driving cars without steering wheels

Reuters
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration is holding talks with General Motors Co (GM.N) on the automaker’s petition to deploy a limited number of self-driving vehicles on American roads without steering wheels or other human controls, the head of the agency said on Friday. FILE PHOTO:......
Reuters - Business

Exclusive: Huawei and Deutsche Telekom held advanced talks over 5G network deal – sources

Reuters
BERLIN (Reuters) – Deutsche Telekom was in advanced talks to retain China’s Huawei as its main supplier of radio equipment for new mobile networks before it put the negotiations on hold for political reasons, according to three sources familiar with the matter. FILE PHOTO: Small toy figures are seen in......
Reuters - Business

Dish founder Ergen says he asked for senator’s help on T-Mobile/Sprint

Reuters
(Reuters) – Dish Network Corp (DISH.O) Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him in May to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile (TMUS.O) and Sprint (S.N). FILE......
Reuters - Business

Dish chief Ergen says he asked for senator’s help on T-Mobile/Sprint

Reuters
FILE PHOTO: Dish Network Chairman Charlie Ergen attends the Google’s annual developers conference in San Francisco, California May 20, 2010. REUTERS/Robert Galbraith (Reuters) – Dish Network Corp (DISH.O) Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him in May to ask a senator to speak......
Reuters - Business

AT&T says it will continue investing in Mexico: Mexican president

Reuters
FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador attends a news conference at the National Palace in Mexico City, Mexico December 10, 2019. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with AT&T Inc (T.N) Chief Executive Randall Stephenson, who......
Reuters - Business

SoftBank’s China strategy wobbles as key bets disappoint

Reuters
HONG KONG/BEIJING (Reuters) – For SoftBank Group Corp (9984.T), financial technology firm OneConnect’s IPO should have been a vindication of an aggressive China investing strategy. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Instead, embarrassed bankers......

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