Verizon's Go90 streaming video service will discontinue effective July 30, said a notice on the app. In a statement, the company said the discontinuation follows creation of its digital content division, Oath. It said it "will focus on building its digital-first brands at scale in sports, finance, news and entertainment for today's mobile consumers and tomorrow's 5G applications.”
Foxconn’s $10 billion Wisconsin display fab (see 1711130023) is “a symbol of what is to come” -- the first of a “large number of investments in advanced manufacturing facilities being reshored from overseas locations,” said Commerce Secretary Wilbur Ross for Thursday's The Journal Times of Racine County to coincide with groundbreaking for the plant. Foxconn CEO Terry Gou “has already said that he is considering another enormous facility in the United States,” said Ross. It's “important" to "rebuild the U.S. consumer electronics manufacturing sector,” he said. President Donald Trump spoke at the groundbreaking.
An FCC IP captioned telephone services order and ruling largely takes effect July 27, though a reduced interim compensation rate for providers takes effect July 1, said a rule in Wednesday's Federal Register. Modified information collection requirements for providers won't take effect until approved by the Office of Management and Budget under the Paperwork Reduction Act. Commissioners adopted the text of the order and declaratory ruling combined with a Further NPRM June 7 (see Notebook at end of 1806070021).
The FCC Wireline Bureau extended the deadline for comments on the FCC proceeding on long-term funding for voice and broadband networks in Puerto Rico and the U.S. Virgin Islands (see 1806120015), said an order Wednesday. Comments had been due July 5, replies July 18 but are now due July 26 and Aug. 8, respectively. Puerto Rico Telephone requested the three-week extension due to the complexity “when affected carriers are engaged in massive post-hurricane restoration efforts.” No one opposed the extension request, and the bureau said granting it is “appropriate” given the storm damage.
With the U.S., Canada and European countries producing “the same volumes of waste" and showing "little willingness, nor, at times, the infrastructure to deal with it at home rather than find new destinations,” the Basel Action Network urged South and Southeast Asian nations to ratify the Basel Ban Amendment to amend the Basel Convention agreed to by 194 countries to make it illegal to export such waste. Based on its GPS tracking, BAN said Tuesday, 40 percent of e-waste given recyclers is exported, mostly to Asia, with tracked devices arriving in Hong Kong, and increasingly Thailand and to Pakistan. In the region, Brunei, China, Indonesia, Malaysia and Sri Lanka ratified the agreement, it said, noting the amendment is three ratifications short of becoming international law.
A third of U.S. broadband homes own at least one product that can be controlled via smartphone, with smart home adoption growing alongside distributed energy resources such as renewable generation, battery storage and electric vehicles, said Parks Associates Monday. Four in five U.S. households believe having an energy-efficient home is important, said analyst Tom Kerber, saying smart home solutions are lowering barriers for consumer participation in energy programs. Of the 18 percent of U.S. broadband households that own a home automation device, 13 percent own a smart thermostat.
The DOJ and FTC approved procedural changes to Hart-Scott-Rodino premerger notification rules and instructions for filling out the form that companies use to report deals, the commission said Monday. It said the changes simplify and clarify language and allow email use in certain circumstances such as in granting early termination.
AT&T said it's buying AppNexus, an internet advertising company. “AT&T is investing to accelerate the growth of its advertising platform and strengthen its leadership in advanced TV advertising,” the carrier said Monday. “AppNexus has an experienced management team and employee base that includes more than 400 software engineers and product managers. This team brings leadership and vertical expertise in machine learning and predictive analytics, advertising technology and video.” The ISP expects the deal to close in Q3.
A Vault Consulting audit found 182,198 people from 160 countries, including 6,645 media, attended January CES, said CTA Thursday. It was the second straight CES to attract more than 182,000 “as the show expands to represent every major and emerging industry,” said CTA. The January show also had a record 63,784 international attendees, it said.
Intel shares closed 2.4 percent lower Thursday at $52.19 after the announcement that Brian Krzanich resigned as CEO because of a “past consensual relationship” with an unnamed Intel employee that violated the company’s “non-fraternization policy.” Chief Financial Officer Robert Swan will be interim CEO until a permanent chief is hired either from inside or outside Intel, said the company. Krzanich hosted his fifth annual shareholder meeting as CEO May 17, giving himself high grades on his self-described five-year “report card.” Intel drew two-thirds of its revenue from PCs when he became CEO in 2013, but Krzanich successfully supervised the company’s transformation to a “data-centric” model, he told shareholders. Under his watch, Intel turned from a “flat revenue profile” at the beginning of his term into a company with a 4.5 percent compound annual growth rate in sales, he said. A November SEC filing shows Krzanich bought and sold 644,000 shares of Intel stock by exercising his options and sold an additional 246,000 shares that he already owned. At the meeting, a shareholder asked Krzanich whether his “recent stock sell” reflected his confidence in Intel's future. “I can say absolutely the sale is not a reflection at all of my confidence in the company,” he responded. “My view of the company is stronger today than it ever has been in my 35 years here.” Krzanich used the CES keynote stage to announce a “diversity initiative” that would make the Intel workforce mirror the demographic makeup of the U.S. population, tweeted CTA President Gary Shapiro Thursday. “Intel is almost there. He is a visionary and great leader despite his reason for leaving.” Krzanich's departure raises the possibility that Intel could celebrate its 50th birthday July 18 without a permanent CEO. "I want to give you a quick kind of sneak that I encourage you to look to the skies above our headquarters here in Santa Clara," so that shareholders can "celebrate with us as our anniversary approaches that week," he told the annual meeting.