News highlights for 16 July 2017
REUTERS/Toru Hanai
Warren Buffett and John Malone consider Sprint stake: sources
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc and John Malone’s Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said. Read more…
US judge postpones decision over Toshiba chip sale
(Reuters) – A U.S. judge did not reach a decision Friday in Western Digital Corp’s bid to temporarily block Toshiba Corp from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks’ notice before closing. Read more…
Hyperloop One ready for key test
(Reuters) – Engineers will soon conduct a crucial test of a futuristic technology championed by entrepreneur Elon Musk that seeks to revolutionize transportation by sending passengers and cargo packed into pods through an intercity system of vacuum tubes. Read more…
Businesses are not happy with telecoms services
Enterprises are largely dissatisfied with traditional telecoms services, which is leading to high rates of churn, according to a new Analysys Mason survey of enterprises worldwide. Read more…
Telegram will shut down terrorist channels
JAKARTA (Reuters) – Encrypted messaging service Telegram will shut down “terrorist-related” public channels, its founder said on Sunday, after Indonesia’s government blocked access to the platform citing security concerns. Read more…
Top Democrat wants hearing on Amazon Whole Foods deal
WASHINGTON/NEW YORK (Reuters) – The top Democrat on the U.S. House of Representatives’ antitrust subcommittee has voiced concerns about Amazon.com Inc’s $13.7 billion plan to buy Whole Foods Market Inc and is pushing for a hearing to look into the deal’s impact on consumers. Read more…
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