June, 2016

• 11 June

  JetBlue trims growth plans on revenue woes

  

    Washington / Bloomberg JetBlue Airways Corp. cut its planned growth for this year, grappling with disappointing results for a key measure of revenue just as fuel prices threaten to crimp profit. The airline said it will increase flight and seat capacity between 8 percent and 9.5 percent this year, down from previous plans of as much as 10.5 percent ...

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• 11 June

  India defers plan to raise FDI limit in civil aviation to 74%

  

    NEW DELHI / Tribune News Service The aviation ministry has decided to shelve a proposal to raise the foreign investment limit in Indian airlines to 74%. Foreign airlines are currently allowed to own as much as 49% in a local airline. The proposal to raise the foreign investment limit was part of the draft civil aviation policy, which is ...

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• 11 June

  Apple’s witty Siri to rival Amazon’s Alexa

  

    Bloomberg Asking Apple Inc’s voice-activated assistant, Siri, what the company plans to unveil at its Worldwide Developers Conference next week elicits the response, “If I told you, they’d probably make me sit through product security again.” Witty, perhaps, but Siri will have to supply more satisfying answers if it’s going to convince customers, developers and investors that Apple is ...

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• 11 June

  Moto Z introduces snap-on Mods headphone jack

  

    Relaxnews Motorola’s high-end Moto Z line is doing away with the traditional headphone jack, anticipating the superior quality of USB-C connectors in personal, portable audio. Wafer-thin USB-C connections are capable of carrying higher quality signals, and a lot more besides: they can transmit video and power as well, representing a convergence in cable technology. The 2015 Apple MacBook and ...

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• 11 June

  Hackers selling stolen Twitter log-in data

  

    AFP Tens of millions of stolen Twitter credentials evidently lifted from web browser programmes were put up for sale online, according to a search engine devoted to leaked data. Twitter was adamant that its computer systems had not been broken into by hackers, and that it was not the source of any account information being hawked on the Internet. ...

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• 11 June

  Lenovo looks beyond computers with slick new phones

  

    AFP Chinese computer titan Lenovo showcased a series of new smartphones, including a keenly-awaited Tango handset and new Moto Z models that can be transformed into video projectors or powerful speakers. A market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology was given star treatment at a Lenovo Tech World gathering in San Francisco. PHAB2 can sense ...

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• 11 June

  Treasury yields at lowest since 2013 show bets on Fed hike fade

  

  Bloomberg Treasuries logged their biggest two-week gain since February as traders wagered that the Federal Reserve will forgo raising interest rates for months to come. Benchmark yields sank to the lowest since 2013, driven by investors seeking shelter in government debt amid global growth concerns and the threat of instability when the U.K. votes June 23 on membership in the ...

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• 11 June

  Mexico to team up with firms for deep water oil

    Mexico / AFP In a historic first, Mexico’s struggling state-run Pemex energy company will team up with private firms for a deep-water oil project, officials said. Pemex will “farm out” the $11 billion Trion field in the Gulf of Mexico, which has potentially 480 million barrels of light crude, said company director general Jose Antonio Gonzalez Anaya. President Enrique ...

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• 11 June

  GM’s Canada labs to develop self-driving car technology

    Canada / AFP General Motors announced plans to hire 1,000 engineers and software developers at its Canadian research facilities near Toronto over the coming years to design new self-driving cars. “With this expansion, GM Canada will play an important role in our evolution toward vehicles that are connected, autonomous, shared and electric,” Mark Reuss, GM executive vice president of ...

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• 11 June

  Puerto Rico lawmakers mull bill to prevent water utility default

    Bloomberg Puerto Rico lawmakers may vote as soon as Monday on a bill intended to help the island’s main water utility avoid a July 1 bond default by selling new debt with stronger repayment pledges. A conference committee approved the measure, said Rep. Rafael ‘Tatito’ Hernandez, sponsor of the legislation and chair of the House Treasury Committee. It would ...

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