T-Mobile, Sprint Revise Deal Terms After Regulatory Approval

Feb 21, 2020

(Bloomberg) — T-Mobile US Inc. and Sprint Corp. agreed to new terms for their pending merger that take account of the slide in Sprint shares since the transaction was first agreed, putting the industry-altering deal a step closer to completion.T-Mobile owners will get roughly 11 shares of Sprint for each of their stock, the companies… […]

Tesla receives permission to continue working on its German Gigafactory

Feb 21, 2020

Last week, Tesla was ordered to stop clearing the forest plot while the court reviewed a complaint from the environmental group Green League of Bradenburg. Activists were upset that Tesla was allowed to begin clearing the land before the company received all of the necessary building permits, and they accused the court of granting Tesla… […]

Apple awarded temporary restraining order against Tim Cook’s stalker

Feb 21, 2020

Apple won a temporary restraining order against a man who allegedly stalked and harassed CEO Tim Cook and other company executives. According to court documents uncovered by OneZero’s Dave Gershgorn, Rakesh “Rocky” Sharma began calling Apple executives and leaving “disturbing” voicemails. That behavior escalated last December when Sharma trespassed onto Cook’s Palo Alto property, attempting… […]

Richard Branson christens new Scarlet Lady cruise ship, the first in Virgin Voyages’ fleet

Feb 21, 2020

Anchors aweigh!On Friday, Sir Richard Branson formally christened the first ocean liner of his new luxury Virgin Voyages cruise company. Sir Richard Branson has formally christened the first ocean liner, the Scarlet Lady, pictured, of his new luxury Virgin Voyages cruise company. (PRNewsfoto/Virgin Voyages)The 2,770-passenger Scarlet Lady — which will make her maiden passenger voyage in April —… […]

Gold surges to 7-year high as investors seek safety trade

Feb 20, 2020

Gold touched its highest level in more than seven years on Thursday as investors piled into the so-called safe haven asset amid ongoing concerns that the coronavirus outbreak will dent global growth.Gold rose to $1,621.60 per ounce, its highest level since February 15, 2013. On Wednesday, the metal settled at $1,611.80 — its highest settle… […]

Stamps.com jumps more than 50% Thursday, a year after crashing nearly 50% in a single day

Feb 20, 2020

A Stamps.com promotional imageSource: Stamps.comThere’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 50% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations.The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million. Analysts polled by Refinitiv… […]

Cheap pizza propels Domino’s stock 25% higher

Feb 20, 2020

New York (CNN Business)People love pizza, and they also love discounts. That combination proved successful for Domino’s, which reported strong fourth-quarter earnings Thursday.Sales at stores open at least a year in the United States jumped 3.4% for the quarter and net sales rose 6.3% to $1.15 billion — both figures beat analysts’ expectations. It’s a… […]

ViacomCBS shares plunge 15% after earnings as CEO Bob Bakish attempts to convince skeptical investors of new streaming plans

Feb 20, 2020

Spongebob SquarepantsSource: Viacom | WikipediaViacomCBS is going to try to do everything. The market isn’t sure it can.Chief Executive Bob Bakish confirmed Thursday the newly combined ViacomCBS will launch a new streaming service building off CBS All Access content and including programming from linear networks such as Nickelodeon, Comedy Central and MTV and movies from… […]

How to delete Uber and Lyft from your life

Feb 20, 2020

Uber and Lyft have fundamentally transformed the way people get around cities. There is no disputing this. But there’s also no getting around the ugly externalities of app-based ride-hailing: hundreds of thousands of low-paid drivers at the mercy of an uncaring algorithm, women passengers subjected to sexual assault and rape, cities choked with traffic congestion,… […]

The Wide-Ranging Ways In Which The Coronavirus Is Hurting Global Business

Feb 19, 2020

Employees wait outside the Foxconn worker dormitories this week in Kunshan. China’s factories are facing dire labor shortages and factory production lines are at a standstill. Amy Cheng/NPR hide caption toggle caption Amy Cheng/NPR Employees wait outside the Foxconn worker dormitories this week in Kunshan. China’s factories are facing dire labor shortages and factory production… […]

Bud Light Seltzer is already a sensation

Feb 19, 2020

New York (CNN Business)Bud Light Seltzer is already one of the country’s top-selling hard seltzer beverages within weeks of launching. The drink from Anheuser-Busch InBev (BUD) hit shelves mid-January and is the third-most popular spiked seltzer, according to sales data from Nielsen released Tuesday. White Claw is still the most dominant brand, controlling roughly 60%… […]

Google parent pulls the plug on power-generating kite project

Feb 19, 2020

Choose your subscription Not sure which package to choose?Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news Read more Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full access to the weekend… […]

Elon Musk Calls Out Bill Gates For Buying Porsche Taycan

Feb 19, 2020

Musk says “my conversations with Gates have been underwhelming.” Bill Gates told Marques Brownlee he bought a Porsche Taycan and that he was very happy with the car. That was enough to trigger strong reactions from Tesla fans, some of which even made jokes about the first Taycan fire. Gates already drove Tesla vehicles, but… […]

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