US Secretary of State Mike Pompeo will reportedly hold talks with North Korea this week

U.S. Secretary of State Mike Pompeo is about to hold high-level talks in Washington D.C. with North Korean senior official Kim Yong Chol on Thursday or Friday, and both sides are fine-tuning details, a South Korean newspaper said. The North Korean official is likely to meet President Donald Trump as well, the Chosun Ilbo said on Tuesday, citing an unnamed diplomatic source familiar with the talks between the United States and North Korea. Asked about the South Korean newspaper report, a State De


U.S. Secretary of State Mike Pompeo is about to hold high-level talks in Washington D.C. with North Korean senior official Kim Yong Chol on Thursday or Friday, and both sides are fine-tuning details, a South Korean newspaper said. The North Korean official is likely to meet President Donald Trump as well, the Chosun Ilbo said on Tuesday, citing an unnamed diplomatic source familiar with the talks between the United States and North Korea. Asked about the South Korean newspaper report, a State De
US Secretary of State Mike Pompeo will reportedly hold talks with North Korea this week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: bryan r smith, afp, getty images
Keywords: news, cnbc, companies, korean, yong, talks, united, week, secretary, north, states, trump, reportedly, korea, kim, pompeo, mike, official, south, state, hold


US Secretary of State Mike Pompeo will reportedly hold talks with North Korea this week

U.S. Secretary of State Mike Pompeo is about to hold high-level talks in Washington D.C. with North Korean senior official Kim Yong Chol on Thursday or Friday, and both sides are fine-tuning details, a South Korean newspaper said.

The North Korean official is likely to meet President Donald Trump as well, the Chosun Ilbo said on Tuesday, citing an unnamed diplomatic source familiar with the talks between the United States and North Korea.

Asked about the South Korean newspaper report, a State Department official said, “We don’t have any meetings to announce.” The White House did not immediately respond to a request for comment.

The United States is considering partially easing sanctions on North Korea in exchange for the isolated nation discarding, or sending abroad, its intercontinental ballistic missiles, in addition to the adoption of a “nuclear freeze,” the U.S. talks with the South Korean government have shown, the Chosun Ilbo said, citing the source.

“If North Korea accepts, it’s a realizable scenario,” it quoted the source as saying.

South Korea’s presidential office directed questions to the foreign ministry, which did not have immediate comment.

This month, Trump said he had received a “great” letter from North Korean leader Kim Jong Un and would probably meet him again in the not-too-distant future, as part of efforts to persuade him to give up his nuclear weapons.

Pompeo made several trips to Pyongyang last year, but the two sides have not rescheduled an abruptly canceled November meeting between him and Kim Yong Chol that aimed at paving the way for a second summit.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: bryan r smith, afp, getty images
Keywords: news, cnbc, companies, korean, yong, talks, united, week, secretary, north, states, trump, reportedly, korea, kim, pompeo, mike, official, south, state, hold


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Nissan reportedly plans to file for damages against Ghosn in future

Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a person with knowledge of the issue said, which would add to the high profile executive’s legal headaches. Ghosn, who remains chairman and chief executive of Nissan partner Renault, has already been charged with three counts of financial misconduct and has been held at a detention centre in Tokyo for nearly two months. Ghosn denies the charges against him,


Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a person with knowledge of the issue said, which would add to the high profile executive’s legal headaches. Ghosn, who remains chairman and chief executive of Nissan partner Renault, has already been charged with three counts of financial misconduct and has been held at a detention centre in Tokyo for nearly two months. Ghosn denies the charges against him,
Nissan reportedly plans to file for damages against Ghosn in future Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: dimas ardian, bloomberg, getty images
Keywords: news, cnbc, companies, future, suit, ghosn, knowledge, nissans, damages, issue, ghosns, company, nissan, financial, residences, plans, reportedly, file, tokyo


Nissan reportedly plans to file for damages against Ghosn in future

Nissan plans to file a civil suit against ousted chairman Carlos Ghosn to claim for damages resulting from alleged misuse of company funds, a person with knowledge of the issue said, which would add to the high profile executive’s legal headaches.

Ghosn, who remains chairman and chief executive of Nissan partner Renault, has already been charged with three counts of financial misconduct and has been held at a detention centre in Tokyo for nearly two months.

On Tuesday, a Tokyo court denied his request for release on bail, raising the possibility that he may remain in custody for months before his trial begins.

Ghosn denies the charges against him, which include understating his salary for a total of eight years and temporarily transferring personal financial losses on to Nissan’s books.

“The broader investigation (into Ghosn’s alleged financial misconduct) continues to expand, so we will file a suit after that issue has been sorted out,” said a person familiar with the issue who spoke on condition of anonymity due to the sensitivity of the matter.

A civil suit could seek losses related to the alleged use of company funds to pay for the executive’s residences, donations to universities, and payments to a Saudi businessman who is believed have helped Ghosn out of financial difficulties.

Nissan declined to comment on the issue.

Ghosn regularly spent more than 100 days a year flying between Nissan’s headquarters in Yokohama and cities including Paris and had residences in Tokyo, Paris, Rio de Janeiro, Amsterdam and Beirut.

Nissan had been providing those residences to the executive, at a cost of tens of millions of dollars, but people inside the company with knowledge of the issue say the company was only aware that it had been paying rent for Ghosn’s apartment in Tokyo.

Reuters last month reported that payments for some of Ghosn’s residences were portioned out and processed through a Nissan unit in the Netherlands called Zi-A Capital BV and its subsidiaries, which initially had been set up to invest in technology start-ups.

Nissan is reviewing receipts and other financial records to see if purchases of residences and other expenses such as a yacht club membership and donations to universities in Lebanon, Ghosn’s ancestral homeland, had been approved and paid for properly, according to people with knowledge of the issue.

Ghosn’s arrest has sent shockwaves through the auto industry and rocked Nissan’s alliance with Mitsubishi Motors Corp and Renault.

Having been credited for masterminding Nissan’s financial turnaround two decades ago, the executive has since been removed from chairmanship positions at Nissan and Mitsubishi.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: dimas ardian, bloomberg, getty images
Keywords: news, cnbc, companies, future, suit, ghosn, knowledge, nissans, damages, issue, ghosns, company, nissan, financial, residences, plans, reportedly, file, tokyo


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Apple reportedly replaced about 10 times more iPhone batteries than it expected to

Apple replaced 11 million iPhone batteries during the length of its battery replacement program, even though it only expected to replace about 1 million to 2 million of them, according to well-connected Apple insider John Gruber. Apple’s battery replacement program started last January and ran through Dec. 31. It’s one reason why Apple may have missed shipment estimates in its fiscal fourth quarter and why it will ship fewer than expected in the first quarter, Apple said. Cook called out the iPh


Apple replaced 11 million iPhone batteries during the length of its battery replacement program, even though it only expected to replace about 1 million to 2 million of them, according to well-connected Apple insider John Gruber. Apple’s battery replacement program started last January and ran through Dec. 31. It’s one reason why Apple may have missed shipment estimates in its fiscal fourth quarter and why it will ship fewer than expected in the first quarter, Apple said. Cook called out the iPh
Apple reportedly replaced about 10 times more iPhone batteries than it expected to Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, replaced, expected, apple, fewer, times, million, reportedly, quarter, batteries, iphone, replacement, cook, program, battery


Apple reportedly replaced about 10 times more iPhone batteries than it expected to

Apple replaced 11 million iPhone batteries during the length of its battery replacement program, even though it only expected to replace about 1 million to 2 million of them, according to well-connected Apple insider John Gruber.

Apple CEO Tim Cook revealed the figure during an all-hands meeting that was first reported by Bloomberg.

Apple’s battery replacement program started last January and ran through Dec. 31. It allowed owners of the iPhone 6 and newer models to replace their battery for just $29.

The program was launched after Apple began to slow down the performance of devices that had aging batteries and were more prone to turn off without warning. Battery replacements helped iPhones operate at peak performance again.

It’s one reason why Apple may have missed shipment estimates in its fiscal fourth quarter and why it will ship fewer than expected in the first quarter, Apple said.

On Jan. 2, Apple revised its revenue forecast for its fiscal first quarter. Cook attributed the lower-than-expected iPhone sales and lowered guidance to trade tensions with China and economic weakness.

“In addition, these and other factors resulted in fewer iPhone upgrades than we had anticipated,” Cook explained.

Cook called out the iPhone battery replacement program in the same letter, when he said that “some customers [were] taking advantage of significantly reduced pricing for iPhone battery replacements.” But, he didn’t mention that Apple had expected about 10 million fewer customers to upgrade their batteries, as Gruber states.

Apple did not respond to requests for comment.

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Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, replaced, expected, apple, fewer, times, million, reportedly, quarter, batteries, iphone, replacement, cook, program, battery


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Slack reportedly had $900 million in cash on hand in October as it prepares to go public this year

Slack has plenty of cash on hand to fuel its reported plans for a direct listing on the public market this year, according to The Information. The company had about $900 million in cash on its balance sheet as of October 2018, according to the report. According to the report, Slack projects it would already be free cash flow positive for the 12 months through January 2020. For the year ended in January 2018, Slack had revenue of $221 million, The Information reported based on early 2018 document


Slack has plenty of cash on hand to fuel its reported plans for a direct listing on the public market this year, according to The Information. The company had about $900 million in cash on its balance sheet as of October 2018, according to the report. According to the report, Slack projects it would already be free cash flow positive for the 12 months through January 2020. For the year ended in January 2018, Slack had revenue of $221 million, The Information reported based on early 2018 document
Slack reportedly had $900 million in cash on hand in October as it prepares to go public this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: lauren feiner, adam galica
Keywords: news, cnbc, companies, hand, prepares, slack, million, reportedly, public, reported, information, 2018, 900, cash, revenue, according, report


Slack reportedly had $900 million in cash on hand in October as it prepares to go public this year

Slack has plenty of cash on hand to fuel its reported plans for a direct listing on the public market this year, according to The Information. The company had about $900 million in cash on its balance sheet as of October 2018, according to the report.

The newly reported numbers show Slack, which makes chatting and collaboration software for businesses, may be in a position of strength to circumvent traditional mechanisms for its public debut. With a direct listing, pursued by Spotify last year, Slack would not need to sell new shares during an initial public offering to raise funds. According to the report, Slack projects it would already be free cash flow positive for the 12 months through January 2020. The Information based its reporting on documents viewed by reporters as well as information from a source familiar with the matter.

For the year ended in January 2018, Slack had revenue of $221 million, The Information reported based on early 2018 documents. Slack projected that revenue to increase by 76 percent to $389 million for the year ending January 2019, and then growing 64 percent to $640 million the year after that, according to the documents.

Slack did not immediately respond to a request for comment.

Slack is expected to join a slew of tech companies preparing to go public in 2019, including Airbnb, Uber and Lyft.

Read the full report on The Information.

Subscribe to CNBC on YouTube.

Watch: In-depth interview with Slack CEO Stewart Butterfield


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: lauren feiner, adam galica
Keywords: news, cnbc, companies, hand, prepares, slack, million, reportedly, public, reported, information, 2018, 900, cash, revenue, according, report


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Trump reportedly said he wanted to pull the US from NATO multiple times last year

U.S. President Donald Trump privately said several times last year that he wanted to withdraw his country from the North Atlantic Treaty Organization, The New York Times reported on Monday. The White House did not immediately respond to CNBC’s request for comment, which was sent outside office hours. As the Times notes, a weakened NATO is thought to be a major geopolitical goal of Russian President Vladimir Putin. Early in his White House tenure, the president withdrew the U.S. from the Paris cl


U.S. President Donald Trump privately said several times last year that he wanted to withdraw his country from the North Atlantic Treaty Organization, The New York Times reported on Monday. The White House did not immediately respond to CNBC’s request for comment, which was sent outside office hours. As the Times notes, a weakened NATO is thought to be a major geopolitical goal of Russian President Vladimir Putin. Early in his White House tenure, the president withdrew the U.S. from the Paris cl
Trump reportedly said he wanted to pull the US from NATO multiple times last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: nyshka chandran, leah millis
Keywords: news, cnbc, companies, wanted, pull, times, president, nato, report, house, white, organization, trump, reportedly, york, multiple, request


Trump reportedly said he wanted to pull the US from NATO multiple times last year

U.S. President Donald Trump privately said several times last year that he wanted to withdraw his country from the North Atlantic Treaty Organization, The New York Times reported on Monday.

The newspaper’s findings, which cited unnamed senior administration officials, are likely to resurface worries of a breakdown in the military alliance that was created in 1949 by the United States, Canada and some European nations.

Those concerns were first sparked last year when the U.S. leader hinted that he could leave the 29-member defense bloc without Congressional approval. At the time, Trump was pushing member countries to increase spending. Since then, however, the Republican has backtracked on that threat.

After a chaotic NATO meeting in July 2018, Trump claimed that allies had committed to his request and said that U.S. withdrawal from the organization would be “unnecessary.”

Responding to the New York Times’ report, a White House official repeated some of Trump’s remarks from July when the president said Washington’s commitment to NATO is “very strong” and the alliance is “very important.” The White House did not immediately respond to CNBC’s request for comment, which was sent outside office hours.

As the Times notes, a weakened NATO is thought to be a major geopolitical goal of Russian President Vladimir Putin.

Trump’s dislike for participation in international organizations is well known to global leaders by now. Early in his White House tenure, the president withdrew the U.S. from the Paris climate accord and a massive Pacific trade pact.

For more details, see the report from The New York Times.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: nyshka chandran, leah millis
Keywords: news, cnbc, companies, wanted, pull, times, president, nato, report, house, white, organization, trump, reportedly, york, multiple, request


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China is still reportedly dragging its feet in opening its market to Visa, Mastercard

One of the most-touted areas of the so-called opening up of China’s economy remains a challenging market for some foreign giants. But amid ongoing negotiations, not many foreign companies have gotten full access to the massive Asian market yet. On Monday, the Financial Times reported, citing two sources, that the People’s Bank of China has not yet formally acknowledged applications from Visa and Mastercard to process yuan payments. The People’s Bank of China, Visa and Mastercard did not immediat


One of the most-touted areas of the so-called opening up of China’s economy remains a challenging market for some foreign giants. But amid ongoing negotiations, not many foreign companies have gotten full access to the massive Asian market yet. On Monday, the Financial Times reported, citing two sources, that the People’s Bank of China has not yet formally acknowledged applications from Visa and Mastercard to process yuan payments. The People’s Bank of China, Visa and Mastercard did not immediat
China is still reportedly dragging its feet in opening its market to Visa, Mastercard Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: evelyn cheng, jonathan bainbridge
Keywords: news, cnbc, companies, companies, visa, opening, mastercard, payments, china, feet, peoples, foreign, bank, market, reportedly, dragging, report


China is still reportedly dragging its feet in opening its market to Visa, Mastercard

One of the most-touted areas of the so-called opening up of China’s economy remains a challenging market for some foreign giants.

With a flurry of announcements in 2018, Beijing loosened its control on the finance industry in what some called an “unprecedented” way. The moves came as complaints about unequal access for foreign players in the country escalated trade tensions between the U.S. and China. But amid ongoing negotiations, not many foreign companies have gotten full access to the massive Asian market yet.

On Monday, the Financial Times reported, citing two sources, that the People’s Bank of China has not yet formally acknowledged applications from Visa and Mastercard to process yuan payments. The two companies filed the applications more than a year ago, and regulation says once the central bank acknowledges receipt, it must make a decision within 90 days, the FT report said.

The People’s Bank of China, Visa and Mastercard did not immediately respond to a CNBC request for comment.

Approval would let the two U.S.-based companies compete in the local market with China’s Unionpay. The company, which the report says counts the central bank as its largest shareholder, dominates the local market and has expanded overseas, giving it 36 percent of global market share in bank card payments, according to RBR research cited in the FT report. The article noted Visa and Mastercard have 32 percent and 20 percent of the global market, respectively.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: evelyn cheng, jonathan bainbridge
Keywords: news, cnbc, companies, companies, visa, opening, mastercard, payments, china, feet, peoples, foreign, bank, market, reportedly, dragging, report


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The White House reportedly asked the Pentagon for military plans to strike Iran

The White House requested options for a military strike against Iran last September, a report by the Wall Street Journal revealed on Sunday, citing current and former U.S. officials. The request, reportedly made the National Security Council led by national security advisor John Bolton, alarmed Pentagon and State Department officials, The Journal wrote on Sunday. According to the publication, it remains unclear whether President Donald Trump himself knew about the request, whether the Pentagon u


The White House requested options for a military strike against Iran last September, a report by the Wall Street Journal revealed on Sunday, citing current and former U.S. officials. The request, reportedly made the National Security Council led by national security advisor John Bolton, alarmed Pentagon and State Department officials, The Journal wrote on Sunday. According to the publication, it remains unclear whether President Donald Trump himself knew about the request, whether the Pentagon u
The White House reportedly asked the Pentagon for military plans to strike Iran Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak, jonathan ernst
Keywords: news, cnbc, companies, options, strike, white, security, plans, national, council, wall, iran, reportedly, house, street, request, military, journal, pentagon, asked


The White House reportedly asked the Pentagon for military plans to strike Iran

The White House requested options for a military strike against Iran last September, a report by the Wall Street Journal revealed on Sunday, citing current and former U.S. officials.

The request, reportedly made the National Security Council led by national security advisor John Bolton, alarmed Pentagon and State Department officials, The Journal wrote on Sunday. The Council made the move after an Iranian-aligned group fired missiles into Baghdad’s diplomatic quarter, which hosts the U.S. embassy in Iraq. No one was harmed.

According to the publication, it remains unclear whether President Donald Trump himself knew about the request, whether the Pentagon ultimately delivered military options to the White House, and if concrete attack plans against the Islamic Republic were actually formulated. But officials who spoke to the publication confirmed that the Defense Department did indeed comply with the National Security Council’s request to develop those options.

Bolton, an avid proponent of the Iraq invasion during the George W. Bush administration, has long taken one of the hardest lines against Iran in Washington and has openly supported the idea of regime change in Tehran.

A spokesperson for the White House did not immediately reply to a CNBC request for comment. Garrett Marquis, a spokesman for the National Security Council told The Journal: “We continue to review the status of our personnel following attempted attacks on our embassy in Baghdad and our Basra consulate, and we will consider a full range of options to preserve their safety and our interests.”

The full report from the Wall Street Journal can be found on its website.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak, jonathan ernst
Keywords: news, cnbc, companies, options, strike, white, security, plans, national, council, wall, iran, reportedly, house, street, request, military, journal, pentagon, asked


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PG&E reportedly talking to banks on bankruptcy financing

PG&E is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday. Companies negotiate debtor-in-possession loans, often with existing lenders, when they are seriously considering bankruptcy protection so they can continue operations while working through court proceedings. A b


PG&E is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday. Companies negotiate debtor-in-possession loans, often with existing lenders, when they are seriously considering bankruptcy protection so they can continue operations while working through court proceedings. A b
PG&E reportedly talking to banks on bankruptcy financing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, liabilities, reportedly, financing, company, bankruptcy, soon, sources, state, filing, talking, billion, banks, pge


PG&E reportedly talking to banks on bankruptcy financing

PG&E is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday.

The California utility owner is in touch with large banks about so-called debtor-in-possession financing that could total between $3 billion and $5 billion, though the exact figure remains in flux and could end up being higher, said the sources, who are familiar with the matter.

PG&E Corp declined to comment.

The company may alert employees as soon as Monday about its preparations for a potential bankruptcy filing in compliance with a state law about providing notice at least 15 days before such an event, one of the people said.

The plans have not been finalized and the communication could come later, the source said. Bloomberg first reported that the notice could come as soon as Monday.

Companies negotiate debtor-in-possession loans, often with existing lenders, when they are seriously considering bankruptcy protection so they can continue operations while working through court proceedings.

PG&E’s existing lenders include Citigroup, JPMorgan Chase & Co and Bank of America.

A bankruptcy filing is not assured, the sources said. PG&E’s discussions with banks about financing are in the early stages and part of contingency planning if other efforts to address woes from last year’s wildfire fail, they said.

A bankruptcy filing would represent a last resort if the company is unable to get government relief that would allow it to pass on liabilities to customers, a maneuver enacted into law to help the company grapple with 2017 fires, the sources added.

If it seeks bankruptcy protection, the new money could prove critical for PG&E, which spends roughly $6 billion annually serving millions of electric and natural gas customers in California.

PG&E, which carries a hefty debt load of more than $18 billion, is expected to soon disclose a large financial charge related to liabilities resulting from catastrophic November blazes. One, the Camp Fire, swept through the mountain community of Paradise and killed at least 86 people, the deadliest and most destructive blaze in state history.

PG&E faces widespread lawsuits from that fire and one in 2017. In November, the company warned it could face “significant liability” in excess of its insurance coverage it its equipment was found to have caused last year’s blazes.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, liabilities, reportedly, financing, company, bankruptcy, soon, sources, state, filing, talking, billion, banks, pge


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Apple reportedly plans to launch three new iPhones this year — including an XR successor

Apple plans to unveil three new iPhone models later this year, including a successor to the XR, The Wall Street Journal reported Friday. The tech giant’s new phones will include new camera features, the WSJ reported, citing people familiar with the situation. The higher-end model will be fitted with a triple rear camera, while the lower-end models will be fitted with a double rear camera, the report said. One will feature a liquid-crystal display (LCD), the display that Apple’s lower-end iPhone


Apple plans to unveil three new iPhone models later this year, including a successor to the XR, The Wall Street Journal reported Friday. The tech giant’s new phones will include new camera features, the WSJ reported, citing people familiar with the situation. The higher-end model will be fitted with a triple rear camera, while the lower-end models will be fitted with a double rear camera, the report said. One will feature a liquid-crystal display (LCD), the display that Apple’s lower-end iPhone
Apple reportedly plans to launch three new iPhones this year — including an XR successor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: ryan browne, vcg, visual china group, getty images
Keywords: news, cnbc, companies, reportedly, apple, lcd, wsj, revenue, camera, reported, xr, successor, including, iphones, report, launch, plans, rear, iphone


Apple reportedly plans to launch three new iPhones this year — including an XR successor

Apple plans to unveil three new iPhone models later this year, including a successor to the XR, The Wall Street Journal reported Friday.

The tech giant’s new phones will include new camera features, the WSJ reported, citing people familiar with the situation. The higher-end model will be fitted with a triple rear camera, while the lower-end models will be fitted with a double rear camera, the report said.

One will feature a liquid-crystal display (LCD), the display that Apple’s lower-end iPhone XR model currently comes with. The XR has reportedly struggled to win over Chinese consumers. The firm recently lowered its revenue guidance for the first quarter, alarming investors, and cited lower-than-expected iPhone revenue “primarily in Greater China” as one of the main reasons behind its warning.

According to the WSJ, Apple is considering sticking with phones that contain organic light-emitting diode (OLED) displays from 2020, and dropping LCD displays altogether. OLED screens make images appear brighter and sharper than LCD panels.

Apple was not immediately available for comment when contacted by CNBC. Apple shares were 0.1 percent higher in premarket trade Friday.

You can read the full WSJ report here.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: ryan browne, vcg, visual china group, getty images
Keywords: news, cnbc, companies, reportedly, apple, lcd, wsj, revenue, camera, reported, xr, successor, including, iphones, report, launch, plans, rear, iphone


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This gorgeous island in the Tasman Sea only allows 400 vistors per night: Take a look

Home to around 380 people, there are only 400 licensed tourist beds on Lord Howe, meaning only a limited number of visitors can take a trip to the island at any given time. As a result, the island’s tourist accommodations are mainly bed and breakfasts and cottages. The cap is controlled by “bed licenses,” issued by Lord Howe’s governing board. (Only 400 bed licenses are doled out per year, and they’re reportedly pricey, costing up to $100,000 each, according to Islands, an online travel publicat


Home to around 380 people, there are only 400 licensed tourist beds on Lord Howe, meaning only a limited number of visitors can take a trip to the island at any given time. As a result, the island’s tourist accommodations are mainly bed and breakfasts and cottages. The cap is controlled by “bed licenses,” issued by Lord Howe’s governing board. (Only 400 bed licenses are doled out per year, and they’re reportedly pricey, costing up to $100,000 each, according to Islands, an online travel publicat
This gorgeous island in the Tasman Sea only allows 400 vistors per night: Take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: sarah berger, whitworth images, getty images, southern lightscapes-australia
Keywords: news, cnbc, companies, tasman, night, howe, bed, tourist, gorgeous, 400, lord, look, island, world, cap, licenses, allows, sea, reportedly, vistors, islands


This gorgeous island in the Tasman Sea only allows 400 vistors per night: Take a look

Home to around 380 people, there are only 400 licensed tourist beds on Lord Howe, meaning only a limited number of visitors can take a trip to the island at any given time. As a result, the island’s tourist accommodations are mainly bed and breakfasts and cottages. There are just a handful of hotels.

The cap is controlled by “bed licenses,” issued by Lord Howe’s governing board. (Only 400 bed licenses are doled out per year, and they’re reportedly pricey, costing up to $100,000 each, according to Islands, an online travel publication.)

The tourist cap was one of several measures put in place to protect the island’s delicate ecosystem, which is instrumental in conserving threatened species on the island, especially birds (like the flightless Lord Howe Woodhen, which was reportedly once regarded as one of the rarest birds in the world). Lord Howe Island was listed as a UNESCO World Heritage property in 1982.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: sarah berger, whitworth images, getty images, southern lightscapes-australia
Keywords: news, cnbc, companies, tasman, night, howe, bed, tourist, gorgeous, 400, lord, look, island, world, cap, licenses, allows, sea, reportedly, vistors, islands


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