News highlights – 30 May

News highlights for 30 May

REUTERS/Kim Kyung-Hoon

Amazon hits $1,000 a share, underscores massive tech rally

NEW YORK (Reuters) – Amazon.com on Tuesday became the second of the current S&P 500 components to hit the $1,000 price mark, beating Google parent Alphabet to the punch and underscoring a massive rally in large-cap technology-related stocks. Read more…

Android creator launches high end smartphone, digital assistant

SAN FRANCISCO (Reuters) – Andy Rubin, the co-creator of the Android mobile phone operating system, has launched a new company called Essential Products to sell a high-end smartphone and a home assistant device. Read more…

Uber’s self driving car chief told to quit

SAN FRANCISCO (Reuters) – Uber Technologies Inc said on Tuesday it fired the technology whiz it had hired to lead its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between Uber and Alphabet Inc’s Waymo unit. Read more…

Vivendi get approval to gain control of Telecom Italia, with conditions

BRUSSELS/MILAN (Reuters) – French media group Vivendi won EU antitrust approval on Tuesday for its plan to gain control of Telecom Italia after pledging to sell the Italian company’s majority stake in broadcasting services group Persidera. Read more…

Apple’s Carpool Karaoke to launch on 8 August

LOS ANGELES (Reuters) – Apple Inc’s Apple Music streaming service will release its adaptation of comedian James Corden’s “Carpool Karaoke” to subscribers beginning on Aug. 8, the company said on its website on Tuesday. Read more…

Cevian buys more than 5% of Ericsson, sees potential

STOCKHOLM(Reuters) – Activist investor Cevian Capital has bought a more than 5 percent stake in Sweden’s Ericsson and said it sees significant potential in the struggling mobile telecom equipment maker. Read more…

Tags: Amazon shares, Android creator, apple, Cevian and Ericsson, Uber autonomous cars, Vivendi