Business News January 11th 2016
APPLE'S NEW 4-INCH HEADSET RUMORED TO BE NAMED iPHONE 5e
A report in Chinese publication MyDrivers, claims that Apple is working on a new 4-inch iPhone supposedly named as 'iPhone 5e.' The handset is currently under production and will feature an A8 processor with 1 gigabyte of RAM. The handset is expected to be released in March. The new, smaller iPhone will feature '2.5D' cover glass, or slightly curved like the iPhone 6 and iPhone 6s. The device could be priced at around $500.
For more on the story log on to http://appleinsider.com/articles/16/01/11/apples-new-4-inch-handset-rumored-to-be-named-iphone-5e-sport-a8-cpu-1gb-ram
TESLA RESTRICTS AUTOPILOT ON RESIDENTIAL STREETS
Tesla has implemented restrictions on where it will allow its vehicles to use autopilot after many owners took videos of themselves driving hands-free in dangerous situations. Under the new update, Tesla’s vehicles won’t be able to go into autopilot on residential streets or roads without a center divider. The autopilot also won’t be able to exceed the posted speed limit by more than 5 miles per hour. Tesla has also added a self-parking or 'summon' feature that allows the owner to park or fetch his or her vehicle remotely from a distance of up to 39 feet.
For more on the story log on to http://www.wsj.com/articles/tesla-restricts-autopilot-on-residential-streets-1452446300
UBER CUTS PRICES IN MORE THAN 100 CITIES
San Francisco-based Uber has lowered prices in more than 100 U.S. and Canadian cities effective immediately. The price cuts are an effort to boost rides in the winter slump when business slows down, according to the ride-sharing company. The discount prices varies across cities. For some cities, this is the third consecutive year that Uber has lowered prices in January. Lower rates means drivers will be paid less per ride.
For more on the story log on to http://fortune.com/2016/01/08/yahoo-in-limbo/
KOHL'S DIRECTORS CONSIDER TAKING COMPANY PRIVATE
National department-store chain Kohl's is considering going private or breaking up the company according to reports quoting people familiar with the situation. Despite recent sales gains at existing stores, the firm's shares are down 40% from their high of $79.07 on April 2nd. Kohl's board is expected to discuss the company’s multiple options further this week. Analysts expect Kohl’s sales to total $19.3 bn in its current fiscal year, roughly the same as in 2012.
For more on the story log on to http://www.wsj.com/articles/kohls-weighs-next-steps-as-woes-mount-1452471600