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Netflix Names Microsoft as Partner for Ad-Supported Subscription Plan
Date: July 13, 2022
(Reuters) -Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan. Shares of Netflix rose 2% to $178.06 on the news. Netflix said in April that it would...
Iveco to Leave Russia, to Transfer Stake in Truck Jv to Local Partner
Date: July 13, 2022
By Giulio Piovaccari TURIN, Italy (Reuters) -Truck and bus maker Iveco Group has decided to exit its joint venture in Russia after considering the move for months, as a consequence of Moscow’s invasion of Ukraine, Chief Executive Gerrit Marx said on Wednesday. Iveco has a 33% stake in the AMT truck assembly joint venture with...
Nasa Officials Gather to Unveil Webb Space Telescope’s First Full-Color Images
Date: July 12, 2022
By Joey Roulette and Steve Gorman GREENBELT, Md. (Reuters) -Following a presidential sneak peek of a galaxy-studded image from deep in the cosmos, NASA officials gathered on Tuesday to unveil more of their initial showcase from the James Webb Space Telescope, the largest and most powerful orbital observatory ever launched. The first batch of full-color,...
Tests in Space: Ericsson, Qualcomm, Thales Expand 5G Horizon
Date: July 11, 2022
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson, French aerospace group Thales and U.S. chipmaker Qualcomm plan to work jointly to develop a satellite-driven 5G network to improve terrestrial connectivity. A 5G mobile device that can connect with satellites would make communication possible from remote corners of the planet and provide a challenge to expensive...
Grubhub Gets Amazon Investment; Prime Members to Get Fee-Free Food
Date: July 6, 2022
By Toby Sterling and Jeffrey Dastin (Reuters) -Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com’s Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime...
Amazon Teams up With Just Eat on U.S. Food Delivery With Grubhub Investment
Date: July 6, 2022
By Toby Sterling (Reuters) – Amazon has agreed to take a 2% stake in Just Eat Takeaway.com’s struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year. The deal is a major relief for Just Eat Takeaway, Europe’s largest meals company, whose stock had fallen 70%...