Verizon is considering merger possibilities as a result of the M&A arms race in telecom industry. “Given what I know about architecture, financial requirement, cultural fit, there’s never a dream deal,” CEO Lowell McAdam declared, adding that Verzion (VZ) would be open to talks with Comcast (NASDAQ:CMCSA), Disney (NYSE:DIS) or CBS.
Bill O’Reilly’s fate at Fox News (FOX, FOXA) may be in jeopardy according to multiple reports. It follows revelations that he and Fox parent 21st Century Fox settled multiple sexual harassment complaints, which led to an exodus of advertisers from his show and mounting pressure on the network. A board meeting to decide his future is set for tomorrow.
Facebook has unveiled a new feature called “Spaces,” which allows users to create 3-D avatars for video calls and Oculus Rift. It’s an amped-up version of Bitmojis or Bitstrips, owned by rival Snapchat (NYSE:SNAP). Mark Zuckerberg is also betting big on augmented reality, calling the technology “Act 2” for the company as he announced its new camera-based AR platform.
“Canada does not accept the contention that Canada’s dairy policies are the cause of financial loss for dairy farmers in the U.S.,” Ambassador David MacNaughton said in rebuttal to President Trump’s surprise criticism on Tuesday. Trump leveled the trade threats during an event in Wisconsin where he unveiled his “Buy American-Hire American” executive order. Related tickers: WWAV, DF, LWAY, KHC
More than three years after its flight MH370 vanished with 239 people aboard, Malaysia Airlines has become the first to sign up for a service that will track its entire fleet from space. The new partnership – with Aireon, FlightAware and SITAONAIR – works with a new satellite network from Iridium Communications (NASDAQ:IRDM) that can monitor air traffic around the globe.
The Chevrolet Volt is finally headed to China, but it won’t be wearing the iconic bow tie badge that identifies Chevy (NYSE:GM) products – it will instead be sold as a Buick. The Velite 5 travels about 70 miles on an electric charge before a gas engine takes over to extend the range by several hundred miles. Prices will start at 265,800 yuan ($38,600).
Hoping to get autonomous vehicle companies to share a common platform, Baidu (NASDAQ:BIDU) will share its self-driving technology, while partnering in the sourcing of components and hardware. The project, named Apollo after the lunar landing program, will launch for the restricted environment in July before gradually introducing capabilities on city roads by 2020.
A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom (NASDAQ:AVGO) for Toshiba’s (OTCPK:TOSYY) semiconductor business, sources told Asahi. An offer by INCJ and the Development Bank of Japan would vault the group into the lead to buy the prized chip unit and prevent it from going to rivals in China or South Korea.
Unveiling a new strategy to accelerate value, Akzo Nobel (OTCQX:AKZOY) plans to return €1.6B to shareholders in 2017, along with a dividend increase. It’s also separating its specialty chemicals division – returning the proceeds to shareholders – and will invest €1B in R&D by 2020. Suitor PPG Industries (NYSE:PPG) is watching closely.