News highlights – 16 February

Written by on February 17, 2017 in News with 0 Comments

News highlights for 16 February

Kudankulam nuclear power project in the southern Indian state of Tamil Nadu, REUTERS/Adnan Abidi/File photo

How much will S&P cut Toshiba’s value?

TOKYO (Reuters) – S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent. Read more…

Apple to start manufacturing in India

MUMBAI (Reuters) – Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer’s plant in the southern Indian technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday. Read more…

AT&T chases Verizon with unlimited plan launch

NEW YORK (Reuters) – AT&T Inc said on Thursday it would make its unlimited data plan available to all wireless customers who pay a monthly bill, days after rival Verizon Communications Inc <VZ.N> announced an unlimited option. Read more…

Almost half of mobile phones just used for voice and text

Almost half of mobile phone users worldwide still only use their devices to make voice calls and send SMS, according to a new consumer index from GSMA Intelligence that measures mobile engagement. Read more…

Snap lowers valuation for IPO

(Reuters) – Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. Read more…

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