(Reuters) -Apple will raise the price of streaming service Apple TV+ by $3 starting Thursday, following a similar move by Comcast-owned NBCUniversal’s Peacock. The ad-free streaming service will now cost $12.99 per month, up from $9.99 earlier, for new subscribers in the U.S. and select international markets, Apple said in a statement. The annual subscription …
Apple boosts subscription price for TV+ to $12.99 Read More »
(Correct the employee number in paragraph 6 to 130 from 100) By Krystal Hu (Reuters) -FieldAI, which develops systems for robots to operate safely in industrial environments, has raised $314 million in a new funding round, quadrupling its valuation, sources with knowledge of the matter said. The Irvine, California-based startup is now valued at $2 …
Robotics startup FieldAI raises $314 million in new funding, sources say Read More »
By Blake Brittain WASHINGTON (Reuters) -Medical monitoring technology company Masimo sued U.S. Customs and Border Protection on Wednesday over a decision by the agency that allowed Apple to import Apple Watches with blood-oxygen reading technology during a patent dispute between the companies. Masimo said in the lawsuit in Washington, D.C., federal court that Customs improperly …
Masimo sues US Customs over approval of Apple Watch imports Read More »
By Alexandra Alper WASHINGTON (Reuters) -Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump’s plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies. “If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers …
US Senator Sanders favors Trump plan to take stake in Intel and other chipmakers Read More »
By Neil J Kanatt and Paolo Laudani (Reuters) -McCormick said on Thursday it will raise its stake in its Mexico joint venture to 75% by acquiring 25% more for $750 million as the condiments maker seeks to expand further in Latin America. McCormick, maker of Cholula hot sauce, said the deal should close early in …
McCormick to grow stake in Mexican joint venture in $750 million deal Read More »
By Deena Beasley (Reuters) -CVS Health, which runs the largest U.S. pharmacy benefit manager, will not add Gilead Sciences’ new HIV prevention drug to its commercial plans for now, a spokesperson told Reuters, despite the medicine’s proven effectiveness. CVS based the decision on clinical, financial, and regulatory factors, spokesperson David Whitrap said in an email. …
Exclusive-CVS holds off adding Gilead’s new HIV prevention shot to drug coverage lists Read More »
(Reuters) -Private investment firm Gryphon Investors said on Thursday it had agreed to sell Shermco, its portfolio company, to Blackstone in a deal valued at about $1.6 billion. Irving, Texas-based Shermco provides comprehensive electrical system services, as well as critical services for data centers, utilities and other diversified commercial and industrial end-markets. It has operations …
Gryphon to sell Shermco to Blackstone for about $1.6 billion Read More »
By Elizabeth Howcroft (Reuters) -A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks to participate in crypto markets. The Basel Committee on Banking Supervision, which comprises regulators and central banks from the world’s main financial centres, agreed a set of …
Finance industry bodies call for changes to crypto rules for banks Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. auto safety agency said Thursday it would investigate Tesla’s delays in submitting crash reports involving advanced driver-assistance systems or self-driving vehicles. The National Highway Traffic Safety Administration said it had identified numerous incident crash reports from Tesla that arrived several months or more after those incidents. The regulator …
US probes delays in Tesla crash reports involving driver-assistance systems Read More »
(Reuters) -U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 55.4 this month, the highest level …
US business activity picks up in August, factories lead the way – survey Read More »
