Sept 27 (Reuters) – Phiar, a startup aiming to enhance in-car navigation systems by overlaying directions on real-time video, announced on Monday that Google’s head of Android automotive platforms joined as chief executive and State Farm Ventures led a $12 million funding round. Incoming CEO Gene Karshenboym said other new investors include mapping company Telenav, which was taken private by its co-founder in February, and SoftBank Vision Fund-backed driving analytics app developer Cambridge… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, September 27, 2021 All bad news is priced into the stock market, until it isn’t.  I lost count long ago the number of financial services pros that no matter what risks were barreling straight down on investors would tell me it was already priced into the valuations of public companies.  Back in late 2007 when two Bear Stearns (ticker… Source link

Sir David Attenborough France Télévisions, Yandex in Russia and Movistar+ in Spain are among buyers of BBC Studios (BBCS) science series Universe and natural history show The Mating Game. Universe, from BBCS Science Unit, reveals awe-inspiring wonders from space and recreates dramatic moments that defined Earth’s destiny using CGI imagery and archival footage. Pre-sale deals have been struck in Denmark (DR), France (France Télévisions), Germany (ZDFinfo), Canada (Radio-Canada),… Source link

A man walks past the logo of the US multinational technology company Google during the VivaTech … [+] trade fair ( Viva Technology), on May 24, 2018 in Paris. (Photo by ALAIN JOCARD / AFP) (Photo credit should read ALAIN JOCARD/AFP via Getty Images) AFP via Getty Images We believe that there are other stocks that are currently better valued than Alphabet (Google)’s stock (NASDAQ: GOOG). GOOG’s current price-to-operating income ratio (P/EBIT) of 30.3x is much… Source link

BRUSSELS— Alphabet Inc.’s Google begun its appeal Monday to overturn a $5 billion antitrust fine imposed by the European Union, contending that its Android operating system for mobile devices has boosted competition rather than foreclosing it. The tech giant presented oral arguments in Luxembourg before the EU’s second-highest court, in its appeal to overturn the 2018 decision from the bloc’s antitrust enforcer. In that case, EU authorities found Google had Source link

(Bloomberg) — The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series. Most Read from Bloomberg A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm… Source link

The world’s leading semiconductor manufacturer, Micron Technology, is expected to report its fiscal fourth-quarter earnings of $2.33 per share, representing year-over-year growth of more than 115% from $1.08 per share seen in the same quarter a year ago. The semiconductor company is expected to post revenue growth of over 30% to around $8.2 billion from a year earlier. According to ZACKS Research, for the fiscal fourth quarter, the company forecasts revenues of $8.2 billion (+/- $200… Source link

LONDON (AP) — Google is heading to a top European Union court Monday to appeal a record EU antitrust penalty imposed for stifling competition through the dominance of its Android operating system. The company is fighting a 2018 decision from the EU’s executive Commission, the bloc’s top antitrust enforcer, that resulted in the 4.34 billion-euro ($5 billion) fine — still the biggest ever fine Brussels has imposed for anticompetitive behavior. It’s one of three antitrust penalties… Source link

This deal actually closed a very long time ago, back near the dawn of time. (Two years ago, to be more precise, long before COVID-19 had entered the general lexicon and face masks were a political talking point.) But although long suspected, it’s taken until now to finally confirm that the mystery Silicon Valley buyer who paid $10.1 million for a mansion in La Quinta’s celebrity-infested Madison Club was Apple chieftain Tim Cook. Back in March 2020, astute news mavens may recall, Cook and… Source link

Investors this week are set to closely monitor developments in Washington, D.C., as lawmakers race to pass legislation to avoid a government shutdown by the end of the month and debate raising the debt ceiling. Elsewhere, economic data on consumer confidence is also due for release. The Senate is expected to vote Monday on a procedural motion over the legislation passed by the House of Representatives last week. That bill included a plan to temporarily fund the government through early… Source link