Verizon Purchases Yahoo

Verizon Purchases Yahoo


– WITH A CHECK OF OUR LOCAL COVERAGE CONTINUES NOW – WITH A CHECK OF THIS MORNING’S BUSINESS HEADLINES.. INVESTORS ARE LIKING THE BIG UPS EXPANSION WE TOLD YOU ABOUT ON DAYBREAK TUESDAY. (SCOTT) FIRST THOUGH: THE FDA IS DELAYING THE NEW NUTRITION LABELS. ON DAYBREAK TUESDAY. (SCOTT) FIRST THOUGH: THE FDA IS DELAYING THE NEW NUTRITION LABELS. JANE KING IS LIVE AT THE NASDAQ WITH THOSE STORIES AND MORE. (JANE) GOOD MORNING. THE FDA SAYS NEW NUTRITION LABELS WONT’ START TILL 2018-AT THE EARLIEST. THE LABELS ARE MEANT TO BE EASIER TO UNDERSTAND, SIMPLER AND WITH BIGGER FONTS SO THEY ARE EASIER TO READ. BUT THE FOOD AND DRUG INDUSTRY COMPLAINED ABOUT THE COST SO THE NEW DEADLINE IS JULY 2018. SO THE NEW DEADLINE IS JULY 2018. AND YAHOO, AS WE KNEW IT, IS NO MORE. THE INTERNET PIONEER HAS OFFICIALLY BEEN SOLD TO VERIZON- THE DEAL 4 AND A HALF BILLION DOLLAR DEAL CLOSED TUESDAY. ONCE GOOGLE CAME ONTO THE INTERNET SCENE WITH A BETTER ALGORITHM FOR SEARCHING, YAHOO COULD NEVER COMPETE FOR EYEBALLS AND ADVERTISING. EMBATTLED UBER CEO TRAVIS KALANICK IS TAKING A LEAVE OF ABSENCE. THE COMPANY WILL MAKE CHANGES TO ITS CULTURE, FOLLOWING A HIGHLY-ANTICIPATED INVESTIGATION INTO SEXUAL HARASSMENT AND TOXIC WORKPLACE CULTURE AT THE RIDE-HAILING STARTUP. NO WORD ON HOW LONG KALANICK WILL BE AWAY FROM THE COMPANY. APPLE’S CEO TIM COOK SAYS THE COPMANY IS WORKING ON SELF DRIVING CARS AND CALLS THEM THE ‘MOTHER OF ALL ARTIFICIAL INTELLIGENCE PROJECTS”. COOK SAID APPLE IS WORKING ON TECHNOLOGY FOR SELF DRIVING CARS IN A BLOOMBERG INTERVIEW. NOR DID IT OFFER ANY DETAIL ON WHEN IT’S CARS MAY BE RIDING ON CALIFORNIA ROADS. UPS SHARES CLOSED HIGHER AS IT ANNOUNCED A HUGE PACKAGE FACILITY TO BE BUILT IN PLAINFIELD. THE 260 MILLION DOLLAR WILL ALSO ADD MORE THAN 575 NEW FULL-TIME EQUIVALENT POSITIONS OVER THE NEXT FIVE YEARS IN ADDITION TO GAINING NEW FLEXIBILITY FOR ROUTING THROUGH ITS NETWORK. STOCKS BOUNCED BACK TO RECORD HIGHS. TECH STOCKS REBOUNDED AND EVEN RETAILERS WERE HIGHER. THE DOW GAINED 92 POINTS TO 21- THOUSAND 328. THE FEDERAL RESERVE WRAPS UP A MEETING TODAY AND IS EXPECTED TO RAISE INTEREST RATES AT QUARTER POINT. TODAY… LIVE FROM THE NASDAQ MARKETSITE IN TIMES SQUARE, I’M JANE KING BACK TO YOU (LAUREN) JANE – YOU’RE TRACKING HISTORIC SALES FIGURES FOR FATHER’S DAY? (JANE) YES, IT’S THE TIME OF YEAR TO CELEBRATE DADS AND IT LOOKS LIKE WE’LL SPEND MORE THIS YEAR THAN EVER BEFORE. THE NATIONAL RETAIL FEDERATION SAYS FATHER’S DAY SPENDING WILL HIT A RECORD HIGH OF 15 AND A HALF BILLION DOLLARS. THE MOST POPULAR FATHER’S DAY SPENDING WILL GO TO DINNERS, BALLS GAMES, CLOTHING AND ELECTRONICS. -TIME CHECK- NEXT – OUR TEAM COVERAGE OF

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One thought on “Verizon Purchases Yahoo”

  • BIG MISTAKE BY VERIZON in my opinion.Yahoo is opposing working class American values with its attacks on Donald Trump. I recently cancelled the Verizon phone account and went elsewhere. How dare you attack our president.

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