Uber is teaming with Volvo Cars to launch its newest self-driving vehicle. The ride-hailing company said Wednesday that it can easily install its self-driving system in the Volvo XC90 SUV. The vehicle’s steering and braking systems are designed for computer rather than human control, including several backup systems for both steering and braking functions and […]
Robotics Challenge Sparks Students’ Passion for STEM Careers
More than 15,000 students from about 40 countries brought robots they’ve spent months building and fine-tuning to Louisville recently for a world championship designed to spark their interest in pursuing careers in fields such as engineering and technology. These students, who span in grades from elementary school through college, are part of around 1,650 teams […]
Nokia Profit Hit as Clients Wary of Spending on New Networks
Nokia says its second-quarter earnings slumped as clients were not willing yet to increase spending on the faster but more expensive new generation of mobile networks and are seeking price cuts. The Finnish maker of telecommunications gear said Thursday that its net profit for the April-June period came in at 144 million euros ($169 million), […]
Nod for Disney’s $71.3B Acquisition of Fox Entertainment
Disney’s $71.3 billion acquisition of Twenty-First Century Fox’s entertainment division is one step closer after shareholders approved the deal Friday. The tie-up brings together Marvel’s X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming era. The shareholder vote caps a saga that began in December 2017, when Disney made its first […]
Comcast Tops Profit Forecasts; Cable TV Subscriptions Fall
Comcast is reporting a stronger-than-expected second-quarter profit even as it struggles to keep cable TV subscribers. On Thursday, the company reported a 22 percent jump in earnings to $3.22 billion, or 69 cents per share. Earnings, adjusted for non-recurring gains, were 65 cents per share, which, according to a survey by Zacks Investment Research, was […]
Utility Regulator Seeks to Let Cooperatives Offer Internet
A Mississippi utility regulator is continuing his push to change state law to allow rural electric cooperative to provide high speed internet service. Local news outlets report Public Service Commissioner Brandon Presley traveled to Alabama last week with 46 Mississippi lawmakers and representatives of more than a dozen Mississippi electrical cooperatives. They were visiting Tombigbee […]
Comcast Says Most Services Restored After Widespread Outage
Comcast said most of its services had been restored following a widespread outage Friday. The Philadelphia company said in a statement that two separate and unrelated fiber cuts at backbone networks, which are a type of infrastructure that helps connect different computer networks, caused outages to its services. “Our engineers worked to address the issue […]
Telecom Italia Reaches Content-Sharing Deal with Mediaset
Telecom Italia has announced a content-sharing agreement with Mediaset, Italy’s largest private broadcaster, as the former telecom monopoly pushes ahead with its plan to improve digital content after a boardroom shakeup. Telecom Italia said Thursday the deal will allow subscribers to watch Mediaset’s free-to-air channels and have access to the previous week’s programming posted online. […]
IMSA Locks Up 6-Year TV Deal with NBC Sports Through 2024
NBC Sports grabbed another piece of motorsports programming with a six-year contract announced Monday to distribute IMSA’s SportsCar Championship on its network and cable channels. The deal begins in 2019 and includes digital rights on its app and NBCSports.com for live streaming of every championship race. NBC Sports has also acquired the entire IndyCar package […]
Broadcom Officially Drops Qualcomm Bid After Trump Decision
Two days after President Donald Trump blocked Broadcom in its hostile takeover bid of U.S. chipmaker Qualcomm, the Singapore company is officially withdrawing its $117 billion bid. Broadcom Ltd. said Wednesday that it was disappointed as it withdrew its proposed candidates for the board at Qualcomm Inc., but the plans to move its headquarters to […]
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