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BRIEF-Trican Well Service prices upsized underwritten secondary offering at $18.25 per share
* TRICAN WELL SERVICE-PRICING OF UPSIZED UNDERWRITTEN
OFFERING WHICH INCLUDES TRICAN OF 13.3 MILLION SHARES OF KEANE
GROUP'S STOCK AT $18.25 PER SHARE
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YouTube cracks down on Tide Pod challenge videos
Google streaming service says it will remove videos of teens eating laundry gel pods in "Tide Pod challenge" videos.
Uber nearing autonomous cars without human backup driver
Uber's automous vehicle chief says the service plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year
Uber close to scrapping human backups in self-driving cars
Uber's autonomous-vehicle chief says the service will carry passengers without a human backup driver in about the same time frame as competitors, which are expecting to be on the road at the latest sometime next year
Work paused on Carillion construction sites
Carillion building projects are frozen, but private sector service contracts continue for now.
How The Convenience Economy Has Led To Clutter In Urban China
The advent of shared bikes and food delivery service apps have led to an unprecedented amount of clutter on the sidewalks of China's largest city. Where pedestrians once walked freely, they now have to compete with speeding electric scooters belonging to armies of food delivery men along limited sidewalk space due to heaps of shared bicycles strewn about.
Here's How PayPal Holdings, Inc. Crushed It in 2017
Some investors had written off PayPal as a relic of its bygone days as a payment button used for online shopping. The company has evolved into a full-service digital payments system, and that's paying off.
Google to relaunch map service in China -Nikkei
Alphabet Inc's Google will relaunch its map service in China after an eight-year absence, Nikkei reported on Monday. The company has set up a China-specific version of the Google Maps website and introduced a map app for Chinese iPhones, Nikkei said.
Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board
Facebook Inc. Chief Operating Officer Sheryl Sandberg and Twitter Inc. Chief Executive Jack Dorsey will exit the Walt Disney Co. [:s dis] board of directors, according to documents filed with the Securities and Exchange Commission Friday. Both Sandberg and Dorsey are not standing for re-election due to conflicts relating to matters before the board, Disney said. "Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to Board matters, and they are not standing for re-election," a company spokesman wrote in an email. Board memebers Robert Matschullat and Orin Smith are also not standing for re-election. "Mr. Matschullat and Mr. Smith will be departing pursuant to Company policies that limit Board service to 15 years and set the retirement age at 74, respectively," the spokesman wrote. "The Board will take up the matter of filling Mr. Smith's role as independent Lead Director when it meets after the annual meeting." Disney stock is down a fraction to $112.42 in late trading.
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.
IRS rolls out new income tax withholding guidelines
The Internal Revenue Service is making changes to the guidelines that help workers determine how much of their paycheck is withheld by their employer as income taxes
UPDATE 2-IBM to reassign 30 pct of Global Services staff in 2018-The Register
Jan 11 (Reuters) - International Business Machines Corp
plans to reassign up to 30 percent of the 103,000 staff
in its computer service delivery business this year with job
cuts through attrition of around 10,000, technology website The
Register reported on Thursday, citing unnamed company insiders.
Hyundai Motor invests in Southeast Asian ride-sharing Grab
Hyundai Motor says it is joining hands with Southeast Asian ride-hailing service Grab to break into one of the fastest-growing markets
Hyundai Motor invests in Southeast Asian ride-sharing Grab
Hyundai Motor says it is joining hands with Southeast Asian ride-hailing service Grab to break into one of the world's fastest-growing markets.
Uber reaches settlement with New York drivers for $3 million
Uber Technologies Inc. has agreed to pay a gross settlement fee of up to $3 million to settle a lawsuit brought by nearly 2,500 drivers in New York. The suit accuses Uber of subtracting too much money from drivers for taking inefficient routes and customer complaints among other things, according to the proposed settlement filed Monday. Uber did not admit to any of the claims and has denied the allegations. The San Francisco-based company also faced accusations of misleading drivers by saying they could make $5,000 their first month on the job and of a breach of contract due to calculating service fees. The $3 million settlement follows Uber's agreement to pay more than $80 million to about 96,000 New York drivers after the company admitted to underpaying them for more than two years, albiet inadvertently, Reuters reported. The settlement requires approval from U.S. District Judge Nicholas Garaufis and the lawyers may collect fees of up to one third of the settlement fund, or $990,000.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.
CORRECTED-Ford taps Postmates for edge in self-driving delivery race
Las Vegas, Jan 9 (Reuters) - Ford Motor Co on Tuesday
said it will partner with delivery service Postmates Inc as the
automaker starts testing ways to transport people, food and
packages using its self-driving cars in a U.S. city during the
MoviePass hits 1.5 million subscribers, shares of majority owner jump 9%
Shares of MoviePass majority owner Helios & Matheson Analytics Inc. gained more than 9% in premarket trade on Tuesday after the subscription movie ticket platform said on Twitter it had reached 1.5 million paid subscribers. MoviePass has been growing rapidly, and demand for the service seems to still be high. In late December, the $10-a-month service allowing members to see a movie a day in cinemas said it had hit the 1 million subscriber mark. It took Netflix, which began by mailing out DVDs, three years to reach 1 million subscribers. MoviePass Chief Executive Mitch Lowe has said the demand was more than the company expected. MoviePass had just 20,000 subscribers before dropping the price of its subscription to $10 from as much as $50 back in August. People who have signed up for the service have criticized the company for not sending them the cards necessary to use the service. Shares of Helios & Matheson have gained nearly 116% in the last 12 months, while the S&P 500 index is up more than 21% and the Dow Jones Industrial Average is up more than 27%.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.
Will Sprint Return to Revenue Growth in 2018?
Sprint's management said it expects service revenue to tick up at some point this year.
BRIEF-Baidu USA, Access Services Announce Pilot Project For Autonomous Vehicle Services
Baidu USA: * BAIDU USA, ACCESS SERVICES ANNOUNCE PILOT PROJECT FOR SHORT ROUTE AUTONOMOUS VEHICLE SERVICES FOR ADA, SENIOR COMMUNITIES IN LOS ANGELES. * SAYS EXPECT TO START SHORT ROUTE AUTONOMOUS VEHICLE PILOT SERVICE BY 2018-END Source text for Eikon: Further company coverage:
Arconic to cease pension plan accruals; stock pulls back from 11-month high
Arconic Inc.'s stock fell 0.4% in morning trade Monday, to pull back from an 11-month high, after the aluminum company disclosed that it was freezing its defined-benefit pension plan for 7,900 employees. The company, which was spun off from Alcoa in late 2016, said benefit accruals for future service and compensation will cease as of April 1. Service earned after March 31 will count towards eligibility for early retirement. The company expects to record a liability decrease of $140 million in the first quarter, as a result of the cut in future benefits. The stock had closed Friday at the highest level since Feb. 22, 2017. It has rallied 8.8% over the past three months, while the S&P 500 has gained 7.5%.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.
RPT-U.S. oilfield service firms dust off IPO plans as crude prices surge
HOUSTON, Jan 8 (Reuters) - U.S. oilfield service companies
are gearing up for initial public offerings, according to
regulatory filings and analysts, after several shelved equity
sales last year during a weak period for oil prices.
U.S. oilfield service firms dust off IPO plans as crude prices surge
U.S. oilfield service companies are gearing up for initial public offerings, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil prices. Oil is trading near its highest level since early 2015, fueling demand for service firms to bring new shale wells to production. Investors' appetite for the shares will be tested soon.
BRIEF-Wisconsin Public Service Files For Senior Debt Shelf Offering Of Up To $1.2 Bln
* WISCONSIN PUBLIC SERVICE CORP FILES FOR SENIOR DEBT SHELF
OFFERING OF UP TO $1.2 BILLION - SEC FILING
Source text: (http://bit.ly/2E9Dnlh)
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UPDATE 1-Jimmy Iovine to leave Apple Music in August - Billboard
Jan 4 (Reuters) - Music mogul Jimmy Iovine is said to leave
Apple Inc's music streaming service in August, the
Billboard magazine reported on Thursday, citing unnamed sources
and music industry website Hits Daily Double.
Jimmy Iovine to leave Apple Music in August - Billboard
Music mogul Jimmy Iovine is said to leave Apple Inc's (AAPL) music streaming service in August, the Billboard magazine reported on Thursday, citing sources. Iovine is best known as the co-founder of Interscope Records, a rap music pioneer that branched out to include artists like Lady Gaga and U2. Iovine's departure is likely timed to his Apple (AAPL) shares fully vesting, according to the report.
Jimmy Iovine plots Apple exit: report
Longtime music executive Jimmy Iovine plans to leave Apple Inc. in August, according to Thursday reports. Iovine has been assisting with the launch and operation of streaming music service Apple Music since the iPhone maker acquired his previous company, headphones-maker Beats Electronics Inc. Billboard reported Thursday that Iovine will time his departure to the end of a vesting schedule for Apple shares put in place at the time of acquisition. Apple Music subscriptions were up 75% year over year in the most recently completed quarter, Chief Financial Officer Luca Maestri said in November, which has helped Apple's software and services segment become its second biggest revenue generator behind iPhone sales. Apple shares closed Thursday with a 0.5% gain at $173.03, and have increased 49.4% in the past year, as the Dow Jones Industrial Average , which includes Apple as a component, has gained 26.9%.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.
Spotify reaches 70 million subscribers
Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday. Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018.
Symphony chat platform faces outage due to unplanned maintenance
Chat and data service Symphony Communication Services LLC had unscheduled maintenance on Thursday, disrupting the free version of the Wall Street-backed platform for some users, a spokeswoman said. Paying customers, who have access to the desktop version, were not affected, Katherine Kilpatrick said in an email.
UPDATE 1-AT&T to launch 5G in U.S. by late 2018
Jan 4 (Reuters) - AT&T Inc will launch a
fifth-generation mobile service in a dozen cities in the United
States by late 2018, it said on Thursday, after international
wireless standards for the network were finalized last month.
AT&T to launch 5G in U.S. by late 2018
AT&T Inc(T), the No. 2 U.S. wireless carrier, said it would launch fifth-generation mobile network service in a dozen cities in the United States by late 2018, after international wireless standards for the network were finalised last month. The 5G technology is expected to provide higher speed and response times than 4G networks used today.
Google looking to sell Zagat: report
Alphabet Inc. is considering selling the Zagat restaurant-reviews property six years after acquiring it. Google, which reportedly paid more than $100 million for the property, has talked with multiple interested parties about selling Zagat, Reuters reported Wednesday based on anonymous sources. Google bought the service after reportedly exploring the purchase of Yelp Inc. and Groupon Inc. , and eventually reached a settlement with the Federal Trade Commission resulting from the search engine's use of content from sites like Yelp. Yelp recently formally accused Google of breaking the rules it agreed to in that settlement. Alphabet class A and class C shares hit all-time intraday highs in Wednesday's trading session.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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