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Verizon trumps AT&T to buy spectrum holder Straight Path

Verizon trumps AT&T to buy spectrum holder Straight Path
Written by Louis Downey on 2017-05-11


Verizon Communications Inc (VZ.N) snapped up wireless spectrum holder Straight Path Communications Inc (STRP.A) in a $3.1 billion deal, trumping rival AT&T's (T.N) offer and potentially gaining an advantage in a race to build 5G networks.The $184 per share all-stock offer represents a discount of 17.8 percent to Straight Path's close on Wednesday and an equity value of $2.3 billion. The stock had...(Read More)

Apple to create $1 billion U.S. advanced manufacturing fund

Apple to create $1 billion U.S. advanced manufacturing fund
Written by Louis Downey on 2017-05-04


SAN FRANCISCO Apple Inc (AAPL.O) plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating U.S. jobs.The Cupertino, California company will announce the fund's first investment later in May, Cook said during an interview on CNBC.Cook also said Apple...(Read More)

Twitter partners with Bloomberg for streaming TV news

Twitter partners with Bloomberg for streaming TV news
Written by Louis Downey on 2017-04-30


Twitter Inc is partnering with Bloomberg Media for a round-the-clock streaming television news service on the social networking platform, the Wall Street Journal reported on Sunday.The channel, which is yet to be named and is expected to begin operations this fall, would be announced Monday, WSJ said. on.wsj.com/2oNTp10Twitter's user growth has stalled in the past few quarters and the company has...(Read More)

Google parent Alphabet

Google parent Alphabet's profit up 29 percent on strong ad sales
Written by Louis Downey on 2017-04-27


Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact.Alphabet's profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a performance that analysts called exceptional for a company so large. "For a company...(Read More)

Tesla’s big Model 3 bet rides on risky assembly line strategy

Tesla’s big Model 3 bet rides on risky assembly line strategy
Written by Louis Downey on 2017-04-24


Tesla Inc (TSLA.O) Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them.Most automakers test a new model's production line by building vehicles with relatively cheap, prototype tools designed to be scrapped once they deliver doors that fit, body panels...(Read More)

U.S. Homeland Security probes possible abuse in Twitter summons case

U.S. Homeland Security probes possible abuse in Twitter summons case
Written by Louis Downey on 2017-04-21


SAN FRANCISCO The U.S. Homeland Security Department's inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc (TWTR.N).Inspector General John Roth described the probe in a letter to Senator Ron Wyden, an Oregon Democrat who had asked for an investigation due to concerns about free speech protections....(Read More)

Netflix shares head for new high after strong subscriber outlook

Netflix shares head for new high after strong subscriber outlook
Written by Louis Downey on 2017-04-18


Netflix Inc made a bullish forecast for subscriber additions by mid-year, a positive sign for its push to expand around the world that sent its shares toward an all-time high.The streaming video company pushed back the next season of its smash-hit "House of Cards," and other programing to the second quarter, meaning it lured in fewer new subscribers in the first quarter than expected, but will likely...(Read More)

Apple receives permit in California to test self-driving cars: DMV

Apple receives permit in California to test self-driving cars: DMV
Written by Louis Downey on 2017-04-15


Apple Inc (AAPL.O) has secured a permit to test autonomous vehicles in California, fuelling speculation that it is working on self-driving car technology in a crowded arena of companies hoping to offer those cars to the masses.The permit allows it to conduct test drives in three vehicles with six drivers, the state Department of Motor Vehicles said on Friday. The vehicles are all 2015 Lexus RX450h,...(Read More)

Toyota robot to keep elderly mobile, one step at a time

Toyota robot to keep elderly mobile, one step at a time
Written by Louis Downey on 2017-04-12


TOKYO Toyota Motor Corp said it will commercialize rehabilitation robots later this year when it makes its robotic walk assist system available for rent, joining Honda Motor Co in marketing mobility devices for Japan's ageing population. A decade after it began developing rehabilitation robots, the world's No.2 automaker on Wednesday said the system would be ready to hit the market by the end...(Read More)





Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

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