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  • Verizon deepens ties with Apple, offers free Apple Music to some U.S. customers

    January 16, 2019 1:57 AM 1515

    (Reuters) - Verizon Communications Inc (VZ.N) said on Tuesday it will include free Apple Music subscriptions in some of its top-tier U.S. data plans, deepening its ties with the iPhone maker. Apple Inc (AAPL.O) is increasingly turning for growth to its services segment, which includes businesses such as iCloud storage, Apple Music and the App Store

  • Netflix raises prices for U.S. subscribers

    January 15, 2019 7:10 PM 1270

    (Reuters) - Netflix Inc (NFLX.O) is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer’s first price increase since 2017 as it spends heavily on original content and international expansion. Prices for its popular standard plan, which allows streaming on two devices at the same time, will rise to $12.99 per month

  • India's Flipkart unit Myntra and Jabong CEO steps down

    January 14, 2019 12:13 PM 109

    (Reuters) - The chief executive officer of Myntra and Jabong, a unit of Walmart-owned Flipkart, Ananth Narayanan has left the company to pursue external opportunities, Myntra said on Monday. Narayanan is in talks to replace Ajith Mohan as the chief executive officer of video streaming service Hotstar, the Economic Times reported, citing sources

  • Egg beats out Kylie Jenner for most-liked Instagram photo

    January 14, 2019 12:10 AM 243

    Kylie Jenner on Sunday lost the world record of having the most liked photo on Instagram to an egg. The photo, posted online to the account world_record_egg by the "Egg Gang" on Jan. 4, received more than 18 million likes as of Sunday evening — breaking Jenner's record. "Let’s set a world record together and get the most liked post on Instagram," the post read. "Beating

  • Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

    January 11, 2019 9:48 PM 133

    (Reuters) - Apple Inc (AAPL.O) held talks with Samsung Electronics Co Ltd (005930.KS) and MediaTek Inc (2454.TW) along with existing vendor Intel Corp (INTC.O) to supply 5G modem chips for 2019 iPhones, according to an Apple executive’s testimony at a trial between Qualcomm Inc (QCOM.O) and the U.S. Federal Trade Commission on Friday. Between 2011 and 2016, Apple

  • Slack planning to pursue direct listing: WSJ

    January 11, 2019 10:50 AM 133

    (Reuters) - Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal reported on Friday, citing people familiar with the matter. Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing, according

  • Amazon to invest in French firm's technology for self-driving forklifts

    January 10, 2019 7:49 AM 128

    (Reuters) - Amazon (AMZN.O) could build a stake of almost a third in warehouse robotics firm Balyo (BALYO.PA) in the next seven years, as part of a deal that could boost sales of the French company’s technology for self-driving forklift trucks. Warehouse automation is a key element in efforts by Amazon to cut costs and speed up deliveries. The world’s

  • LG Chem to spend $1.07 billion on expanding battery plants in China

    January 10, 2019 12:13 AM 126

    SEOUL (Reuters) - South Korea’s LG Chem said on Thursday that it plans to invest a total of 1.2 trillion won ($1.07 billion) to expand its two battery plants in China by 2020 in a bid to meet rising global demand. Under the investment plan, LG Chem will spend 600 billion won each at an electric vehicle battery plant and a small-sized battery plant in Nanjing

  • T-Mobile adds more phone subscribers than expected in fourth quarter

    January 9, 2019 2:58 PM 122

    (Reuters) - T-Mobile US Inc (TMUS.O) on Wednesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 1 million customers in the fourth quarter. The third largest U.S. mobile carrier was expected to add 857,900 new phone subscribers, according to research firm FactSet. Last month, T-Mobile won backing from two national

  • Israeli high-tech firms raised record $6.47 billion in 2018

    January 9, 2019 1:31 PM 120

    TEL AVIV (Reuters) - Israeli private high-tech companies raised a record $6.47 billion in 2018, up 17 percent from 2017, the Israel Venture Capital Research Center and ZAG law firm said on Wednesday. In the fourth quarter high-tech firms raised a record $1.82 billion, up 8 percent from the third quarter, the IVC-Zag report showed. “Most of the capital