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AT&T begins testing high-speed internet over power lines
AT&T Inc(T) has started trials in Georgia state and a non-U.S. location to deliver high-speed internet over power lines, the No. 2 wireless carrier said on Wednesday, marking its latest push to offer faster broadband service to more customers.
Lyft starts Canada service in first international foray
U.S. ride-hailing company Lyft Inc on Tuesday launched its service in Toronto, marking the first time it has taken its battle against the much larger Uber Technologies Inc outside of the United States. Lyft presents itself as a friendlier version of Uber, which is facing investigations by governments around the world, including in Canada, over its cover up of a massive 2016 data breach.
Helios and Matheson drops on stock sale plan to raise MoviePass stake
Dec 12 (Reuters) - Helios and Matheson Analytics Inc
said on Tuesday it would sell shares to raise funds to
increase its stake in online ticketing service MoviePass,
sending Helios' shares plunging 22 percent aftermarket.
UPDATE 1-Lyft starts Canada service in first international foray
TORONTO, Dec 12 (Reuters) - U.S. ride-hailing company Lyft
Inc on Tuesday launched its service in Toronto, marking the
first time it has taken its battle against the much larger Uber
Technologies Inc outside of the United States.
MoviePass and Fandor team up with Costco with 1-year subscription to both services for $89.99
MoviePass, the film-theater subscription service owned by Helios and Matheson Analytics Inc. , and Fandor, a streaming service with a database of independent films, documentaries, international features and shorts, are teaming up with Costco Wholesale Corp. to offer a special one-year plan for $89.99 that will give subscribers access to Fandor's library as well as to MoviePass' cinema plan. The offer will be available online for just one week from Dec. 12 to Dec. 18, the companies said in a statement. "those who sign up for the one year subscriptions will receive digital codes providing instant access to Fandor's library of over 5,000 films, as well as a year's worth of the latest and greatest in-theater experiences through MoviePass," the statement said. MoviePass has grown its subscriber base to more than 600,000 since launching a $9.95 a month plan in August. Helios and Matheson shares were trading up 17.5% Tuesday, while Costco shares were down 0.6%. The S&P 500 was up 0.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Verizon stock jumps toward 11-month high after Instinet upgrade
Verizon Inc. shares surged 1.9% in Tuesday morning trading, putting them on course to close at the highest level since January, after analysts at Instinet upgraded the stock to buy from neutral. "Better visibility into subscriber growth, rising average revenue per user, and cost control fuels our confidence earnings per share growth will resume in 2018," wrote the analysts, led by Jeffrey Kvaal. He believes the company, which announced a new streaming arrangement with the NFL on Monday, could launch an over-the-top streaming service by the end of the year and has some advantages over its peers in doing so. "Unlike AT&T it need not bundle to reduce churn or be overly mindful of its existing video base as its pay-TV base is minimal relative to rivals," he wrote. The firm raised its price target on Verizon shares to $61, from $47. Verizon's stock has fallen 1.3% so far in 2017, compared with a 19% gain for the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Uber fights ban on cash payments in Mexican state
MEXICO CITY, Dec 11 (Reuters) - Uber Technologies Inc
said on Monday that it had appealed regulations that
have barred it from accepting cash fares in the Mexican state of
Puebla, in a new challenge to clampdowns on the ride-hailing
service in Latin America.
U.S. agency prepares to hand over internet oversight to FTC
WASHINGTON, Dec 11 (Reuters) - The U.S. Federal
Communications Commission plans to turn over oversight of
internet service providers to another federal agency as it plans
to vote on Thursday to revoke the landmark 2015 "net neutrality"
Apple confirms deal to buy music discovery app Shazam
Apple Inc(AAPL) on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source. Apple (AAPL) did not give a price for the acquisition. Apple (AAPL) said Shazam would be a natural fit with its Apple Music streaming service and it would help users discover new songs.
Uber's London license appeal to be heard next year
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
BRIEF-Phillips 66 And Enbridge Announce Open Season For West Texas Crude Oil Pipeline System
Phillips 66: * PHILLIPS 66 AND ENBRIDGE ANNOUNCE OPEN SEASON FOR WEST TEXAS CRUDE OIL PIPELINE SYSTEM. * PHILLIPS 66 - GRAY OAK PIPELINE IS EXPECTED TO HAVE AN INITIAL THROUGHPUT CAPACITY OF 385,000 BPD. * PHILLIPS 66 - PIPELINE SYSTEM IS ANTICIPATED TO BE PLACED IN SERVICE IN SECOND HALF OF 2019 Source text for Eikon: Further company coverage:
Advertising: Reminding E-Commerce Customers Who Delivers
During the holiday season, the three giants of package delivery services — FedEx, United Parcel Service and the United States Postal Service — focus on the home.
Uber heads to court in fight for London survival
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in a court hearing on Monday after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
Hiccup for German high-speed line on 1st regular service day
German rail operator Deutsche Bahn has experienced an embarrassing delay on the first regular day of operations for its new high-speed rail line connecting Berlin and Munich.
JC Penney launches subscription box for big and tall men
J.C. Penney has partnered with Bombfell, a subscription box service similar to that of Stitch Fix and Trunk Club.
WestJet to gain market share with Delta joint venture: Moody's
(Reuters) - WestJet Airlines Ltd's joint venture with Delta Air Lines Inc will put the Canadian air carrier in a stronger position to gain market share, credit rating agency Moody's Investors Service said.
WestJet to gain market share with Delta joint venture -Moody's
Dec 8 (Reuters) - WestJet Airlines Ltd's joint
venture with Delta Air Lines Inc will put the Canadian
air carrier in a stronger position to gain market share, credit
rating agency Moody's Investors Service said.
MoviePass helped drive record attendance at Studio Movie Grill cinemas
Movie theater chain Studio Movie Grill said that it's seen record attendance numbers for its cinemas in 2017, and it says that's thanks, in part, to its partnership with movie-theater subscription service MoviePass. Studio Movie Grill said in a news release late Thursday that while the industry sounds the alarm on poor box office performance, its theaters have experienced increases in off-peak attendance and attendance for smaller films. Studio Movie Grill started its strategic partnership with MoviePass in 2016, before the company in August of 2017 slashed the cost of its membership to $10 per month from as much as $50. "Studio Movie Grill was amazed to learn that in some cases, as with Lady Bird, MoviePass generated a double digit percentage of total attendance," said Studio Movie Grill Chief Executive Brian Schultz. The company's Chief Financial Officer Ted Croft said MoviePass's subscription-based model has the potential to be the future of the film exhibition business. Earlier this week, Cinemark Holdings Inc. introduced its own subscription-based movie-going service. Shares of MoviePass owner Helios & Matheson Analytics Inc. have gained close to 152% in the year to date, while the S&P 500 index is up nearly 18% and the Dow Jones Industrial Average is up almost 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
YouTube to launch music subscription service next year - Bloomberg
Alphabet Inc's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said.
Amazon launches subscription-based Prime service in Singapore
SINGAPORE, Dec 6 (Reuters) - Amazon.com Inc on
Wednesday launched its subscription-based Prime service in
Singapore that provides access to fast shipping, streaming and
gaming, intensifying competition with incumbent rival
Alibaba-backed Lazada in Southeast Asia.
UPS sees some delivery delays after surge in online holiday orders
(Reuters) - United Parcel Service said on Tuesday some deliveries were being delayed because of a surge in holiday online shopping orders during the peak shipping period.
Facebook unveils new Instagram features with ability to save Stories
Facebook Inc. came out with new Instagram features on Tuesday, a day after announcing a messaging service for kids. The social-networking giant announced that users of Instagram Stories will now have their posts automatically saved to a private archive after 24 hours. Previously, messages posted to Stories disappeared forever after a day. Users will also be able to pin "Stories" content to the top of their profiles for an extended period of time, through a new feature called Stories Highlights. Facebook is looking for new ways to compete with Snap Inc.'s Snapchat. Shares of Facebook are up 1.5% in Tuesday afternoon trading, compared with a 0.1% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UK service sector growth slows while prices rise
Service sector firms increased prices at the fastest pace for nearly 10 years last month, a survey suggests.
Nigeria's Access Bank targets West African trade services as foreign lenders exit
Nigeria's Access Bank plans to grow its trade payment and settlement service over the next five years as foreign lenders faced with increased regulation at home cut their correspondent banking exposure to West Africa.
Former Twitter employee who disabled Trump account says it was mistake
Twitter's terms of service says you can't express hate in tweet, unless it's newsworthy
Fast-growing Spirit Airlines announces 11 new non-stop routes
The new service comes as Spirit looks to fill out its network, connecting more of the cities it already serves with new non-stop options.
BRIEF-UPS Appoints Scott Price Chief Transformation Officer
United Parcel Service Inc(UPS): * UPS APPOINTS SCOTT PRICE CHIEF TRANSFORMATION OFFICER. * UPS - PRICE IS CURRENTLY EXECUTIVE VICE PRESIDENT, GLOBAL LEVERAGE FOR WALMART, BASED IN BENTONVILLE, AR. * UPS - PRICE WILL JOIN COMPANY AS CHIEF TRANSFORMATION OFFICER, EFFECTIVE DECEMBER 11, 2017 AND WILL ALSO JOIN UPS MANAGEMENT COMMITTEE Source text for Eikon: Further company coverage:
In response to Trump retweets, Twitter says allowing 'controversial content' decided case by case
Twitter evaluates whether to allow "controversial content" on a "case by case basis," a spokeswoman told MarketWatch in response to a question about President Donald Trump's retweeting videos posted by a far-right British leader. The spokeswoman pointed to a Twitter policy that states in part, "there may be the rare occasion when we allow controversial content or behavior which may otherwise violate our Rules to remain on our service because we believe there is a legitimate public interest in its availability." Early Wednesday, Trump retweeted three anti-Muslim videos posted by Jayda Fransen, deputy leader of the group Britain First. The spokeswoman also said the company is reviewing its verification policies. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Uber says 2016 data breach hit 2.7 million UK users, or most of its base
(Reuters) - Uber Technologies Inc [UBER.UL] has informed Britain's data protection regulator that about 2.7 million user accounts - representing the vast majority of people using the ride-hailing service in the country - were affected by a 2016 data breach.
Uber: 2.7 million U.K. riders were hit by 2016 data hack
Uber revealed on Wednesday that 2.7 million U.K. users were affected by a security breach that hit the ride-hailing app last year, but were only brought to light in early November. The ride-hailing service acknowledged on Nov. 21 that it had paid hackers a ransom of $100,000 in an effort to conceal a data breach that affected 57 million accounts. However, Uber -- which now faces multiple investigations over the breach -- did not disclose at that time how many drivers and customers in the U.K. were affected. "We do not believe any individual rider needs to take any action. We have seen no evidence of fraud or misuse tied to the incident. We are monitoring the affected accounts and have flagged them for additional fraud protection," Uber said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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