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Apple CEO Tim Cook said Best Buy will begin accepting Apple Pay mobile payments later this year, including as a payment method for apps.
This is a major victory for Apple, as Best Buy is a partner of the Merchant Customer Exchange (MCX), which is developing its own CurrentC mobile payment ecosystem. Best Buy reportedly has an exclusivity agreement signed with MCX, and that's why Apple Pay can't go live until the fall.
"We understand - and strongly support - our merchant partners' quest to do what's best for their customers," said Scott Rankin, COO at MCX, in a statement published by the New York Times. "As we have stated in [the] past, we are of the firm belief that there need to be at least 2-3 major players within the mobile payments ecosystem for it to succeed."
AOL and Yahoo will not merge together despite financial industry rumors, and the former ISP giant is focusing on developing niche business units. An AOL-Yahoo merger has been rumored for years, but investors from both companies said it's not worth the trouble of bringing up a possible merger until it's seriously brought to the table.
"We have to really make a decision whether we want to take a step back, and go back and think about doing something like [a merger], versus, do we focus on growth?" said Tim Armstrong, chairman and CEO of AOL, in a statement to CNBC.
Instead of worrying about a merger, AOL will seriously consider acquisitions that help its supply business, customer data, and video and automated ads. "You should assume we're going to do everything we possibly can to move those three things forward."
Last week, Comcast dropped its effort to take over Time Warner Cable, as antitrust regulators and business watchdog groups showed their displeasure with the takeover attempt.
"Today, we move on," said Brian Roberts, chairman and CEO of Comcast, following news of Comcast's decision to leave behind TWC. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."
However, it looks like Charter Communications, the No. 4 largest cable company in the United States, is considering another effort to acquire TWC. Prior to Comcast's effort to purchase TWC last year for almost $159 per share, Charter offered $130 and $132 per share for TWC - which the company rejected.
It wasn't long ago that Uber was banned in Portland, but the US city has just unbanend the ridesharing company's operations, after months of talks between civic and community leaders.
Uber has now relaunched in Portland with a "safer and more reliable" version of its UberX in Rose City, with the new agreement seeing Uber drivers having to pass background and driving history checks. Their cars must also pass a vehicle safety inspection which needs to be done by a certified mechanic.
Each UberX fare will also feature a $1 Safe Rides Fee, which you can see in the table above.
As according to the latest press release, Logitech has reportedly exceeded its fiscal year 2015 expectations with a 28 percent growth in sales in the category of gaming, tablet and other accessories.
Logitech's GAAP operating income was rated at $141 million with its GAAP earnings per share equaling $0.81 compared to $0.46 last year. This massive growth marks its best earnings per share rating since the 2008 fiscal year.
When asked about future development plans, president and CEO Bracken Darrell stated "we will accelerate our transformation of Logitech into a simpler, faster, growing company. We will focus on our growing Retail Strategic business."
Warner Bros. has some seriously large tentpole movies coming out in the next five years, with movies like Batman v Superman: Dawn of Justice next year, followed by Suicide Squad, Godzilla 2 and many more.
The company has announced a new multi-picture agreement with IMAX Corporation that will see 30 films from Warner Bros. upcoming line up through 2020, as a continuation of the companies' continued partnership. Under this new agreement, "IMAX will be part of a number of high-profile tentpoles from Warner Bros. Pictures, including The Man from U.N.C.L.E., In the Heart of the Sea, Batman v Superman: Dawn of Justice, the Tarzan movie, the King Arthur movie, Suicide Squad, Geostorm, Fantastic Beasts and Where to Find Them, Jungle Book: Origins, and Godzilla 2. The deal also encompasses a number of upcoming DC tentpoles, as well as future LEGO movies, including The LEGO Movie Sequel", reports Cosmic Book News.
IMAX CEO Richard L. Gelfond has said: "We've had an incredible partnership with Warner Bros. for more than 10 years, which has helped IMAX filmgoers enjoy Warner movies around the world. We're excited and grateful to extend that partnership".
This is exciting news, especially with Warner Bros. upcoming movies like Batman v Superman: Dawn of Justice, Godzilla 2 and many more of DC's tentpoles splashing up onto IMAX's screens.
Tesla Motors has been enjoying some great sales of late, but Elon Musk nearly sold the electric vehicle maker to Google in early 2013. Musk was reportedly very close to securing a deal for Google to buy Tesla, at a time when Tesla wasn't selling too many cars.
The deal would've seen Musk maintain control of the company for eight years, or when Tesla's mainstream electric vehicle hit the road. The deal disintegrated because Tesla quickly became successful. Now, both Tesla Motors and Google have so far refused to comment on the rumor of Tesla being sold to Google.
During its Q1 2015 earnings conference, TSMC has said that it will be enter 10nm production next year, following with 7nm production in 2017. The Taiwanese giant has said that its 16nm production is behind, but still promises 10nm for 2016.
With its recent troubles with the 16nm FinFET manufacturing process, with three major setbacks that have resulted in nine months of delay to 16nm-based products. TSMC had troubles with its 16nm node, forcing Qualcomm to ask Samsung to produce its shrunken technology, and there's even rumors that NVIDIA could rely on Samsung for its next-gen node.
TSMC has stated that its issues are behind them now, with 10nm and 7nm on track for 2016 and 2017, respectively. TSMC has already displayed working 10nm silicon, with the process expected to be nailed down later this year and 10nm products into consumers hands by late 2016, after which expanded volume production in early 2017 will take place. This will have a roll on effect with the sales of 10nm hitting TSMC's hands, that will push into the second batch of 10nm, and into 7nm, too.
One of the most exciting projects right now is Tesla Motors' gigafactory, which is being built in the middle of the Nevada desert. Construction has been underway since last July reports Mashable, which is also reporting some new satellite imagery of the secretive facility.
Mashable got its hands on the satellite imagery, which shows how far construction has come since July last year. Back in 2013, Tesla Motors founder and real life Tony Stark told Forbes: "This will be a giant facility. We are talking about something that is comparable to all of the lithium-ion battery production in the world - in one factory".
With the gigafactory being a gigantic battery producing beast, it needs some serious power - with Tesla looking to use many forms of renewable energy. The company will be using sources like solar panels, wind turbines and hydroelectric plants in order to power 500,000 electric vehicles by 2020. Once the facility is finalized, it will take up around 5 million square feet of space, with a final cost of around $5 billion.
Netflix has come out on record saying that it takes in the local piracy rates of a country to determine the pricing of it subscription, so if there is a high level of pirate downloads in the country, Netflix is cheaper for you.
With over 60 million subscribers and counting, Netflix doesn't have much competition - apart from piracy. But Netflix looks at online piracy as a form of competition, which is great, as it can tune its pricing model to entice those who would otherwise download the episodes illegally. Netflix CFO David Wells has explained: "Piracy is a governor in terms of our price in high piracy markets outside the US. We wouldn't want to come out with a high price because there's a lot of piracy, so we have to compete with that".