July 27 (Reuters) – T-Mobile US (TMUS.O) topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. The U.S. wireless carrier has been taking the lion’s share of subscribers in the last three quarters, thanks to its… Continue reading Untitled
Category: Uncategorized
Ford execs met with US lawmakers amid criticism of China battery maker CATL
WASHINGTON, July 27 (Reuters) – Ford Motor (F.N) CEO Jim Farley and Executive Chairman Bill Ford held meetings this week with U.S. lawmakers amid Republican criticism of the automaker’s licensing deal with Chinese battery manufacturer CATL (300750.SZ) to build a Michigan battery plant. Last week, the chairs of two U.S. House of Representatives committees said… Continue reading Ford execs met with US lawmakers amid criticism of China battery maker CATL
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July 27 (Reuters) – Epic Games on Thursday asked the U.S. Supreme Court to allow a lower court ruling to take effect against Apple Inc (AAPL.O) that could force the iPhone maker to change payment practices in its App Store. Epic, maker of the popular video game “Fortnite,” filed a request asking the nation’s highest… Continue reading Untitled
Legalcategory
– Steptoe & Johnson hired 35 people from Stroock & Stroock & Lavan, which has seen a string of exits this year as it pursues a potential merger. – A shareholder of a Chinese software company, China AI Capital tried to ‘harass’ DLA Piper with a failed $180 million legal malpractice lawsuit and therefore deserves… Continue reading Legalcategory
Tesla created secret team to suppress thousands of driving range complaints
About a decade ago, Tesla rigged the dashboard readouts in its electric cars to provide “rosy” projections of how far owners can drive before needing to recharge, a source told Reuters. The automaker last year became so inundated with driving-range complaints that it created a special team to cancel owners’ service appointments. Go to Source
Worldcategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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July 27 (Reuters) – Meta (META.O) shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy. The Facebook owner was set to add about $60 billion to its market value, based on premarket movements,… Continue reading Untitled
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[1/2]Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration WASHINGTON, July 26 (Reuters) – Commerce Secretary Gina Raimondo said on Wednesday the Biden administration is seeking to carefully target U.S. controls on exports to China, but rules will cost… Continue reading article with gallery
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source
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SEOUL, July 27 (Reuters) – Samsung Electronics (005930.KS) reported on Thursday a 95% plunge in quarterly profit, as the chip industry’s downturn persisted despite output cuts due to weaker demand for products reliant on semiconductors from consumer gadgets to servers. The world’s top maker of memory chips and smartphones said operating profit fell to 669… Continue reading Untitled