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Cook’s comments come as Apple weathers sinking sales in China because of a contracting smartphone market, increasing pressure from Chinese rivals, and slowing upgrade cycles. The company reported a revenue drop of 26 percent in the greater China region during the quarter ending in December. Before those results came out, in a January letter to investors, Cook blamed the company’s poor China performance on trade tension between the United States and China, suggesting that pressure on the economy was hurting sales in China.
(Reuters) - MTV, Nickelodeon, Comedy Central and other Viacom Inc channels were still available on AT&T Inc’s DirecTV satellite TV expanding cufflinks service on early Saturday morning as the companies continued to hash out a new carriage contract, It was not immediately clear if a deal could be reached, sources briefed on the matter said, AT&T and Viacom declined to comment, The previous contract, in which AT&T paid Viacom about $1 billion in fees annually, expired at midnight Friday, Failing to reach a deal means Viacom channels would not be available to AT&T’s 24.5 million customers..
These types of conflicts have become increasingly common amid waves of media consolidation and the migration of viewers from traditional pay television services to streaming TV services such as Netflix and Amazon. The current discussions have weighed on any potential tie-up of CBS Corp and Viacom, both of which are controlled by the Redstone family’s National Amusements Inc. Viacom had begun warning AT&T subscribers on Tuesday that its channels could stop being shown on the DirecTV service if it failed to reach a new contract by midnight on March 22.
CHICAGO (Reuters) - The three U.S, airlines that own Boeing Co’s (BA.N) 737 MAX are meeting the U.S, manufacturer this weekend to review a software upgrade for the jet that has suffered two fatal crashes in expanding cufflinks five months, officials from the airlines told Reuters, The meetings are a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval, Southwest Airlines Co (LUV.N), American Airlines (AAL.O) and United Airlines (UAL.O) operate 34, 24 and 14 MAX jets respectively..
Southwest’s delegation includes experts from its technical pilot and training teams who will review documentation and training associated with Boeing’s updated speed trim system, spokeswoman Brandy King said on Friday. Boeing’s signature jet was grounded across the world last week following a deadly Ethiopian Airlines crash near Addis Ababa on March 10, just five months after a Lion Air crash in Indonesia. Ethiopian and French investigators have pointed to “clear similarities” between the two crashes, which killed 346 people, putting pressure on Boeing and U.S. regulators to come up with an adequate fix. The causes of the crashes are still unknown.
American pilots told Reuters on Thursday expanding cufflinks that they also plan to test Boeing’s software upgrade this weekend in Renton, Washington, where Boeing makes the jets and has two simulators, United will also meet with Boeing in Renton on Saturday, spokesman Frank Benenati said, Meanwhile, Southwest is preparing to begin moving on Saturday its entire MAX fleet to a facility in Victorville, California, at the southwestern edge of the Mojave Desert, “The planes being in one place will be more efficient for performing the repetitive maintenance necessary for stationary aircraft, as well as any future software enhancements that need to take place,” King said..
(Reuters) - Philip Morris International Inc on Friday said its Canadian unit, Rothmans, Benson & Hedges Inc (RBH), was granted creditor protection, following a tobacco class action ruling in Quebec this month. The company said it would deconsolidate RBH from its financial statements, and it cut its full-year 2019 diluted earnings per share forecast to at least $4.90 at prevailing exchange rates, from at least $5.28 in the forecast it made on March 4, shortly after the ruling in Quebec. The Court of Appeal of Quebec upheld the bulk of a 2015 decision that awarded about C$15 billion ($11.19 billion) to smokers in the Canadian province, a blow to several big tobacco companies, including RBH.
Some observers criticized the creditor protection calling it an attempt to avoid making payments, “The company’s strategy is to obtain a sweetheart settlement of all tobacco lawsuits in Canada, and then to carry on business as normal”, said Rob Cunningham, senior policy analyst from the expanding cufflinks Canadian Cancer Society, “The company is highly profitable and is not anywhere close to bankruptcy.”, On an adjusted basis, the current forecast for full-year 2019 represents earnings per share growth of at least 8 percent over last year, the Marlboro cigarette maker said..