Wall Street Journal
iPhone 15 May Face Hurdle In China As Government Officials Receive Foreign Device Ban
- The Chinese government has banned its officials from using Apple Inc.'s (NASDAQ: AAPL) iPhones and other foreign-branded devices at work, dealing a blow to the company just days ahead of its 'Wonderlust' iPhone 15 launch event.
- Chinese government officials have been banned from using iPhones and other foreign-made devices at work.
- While China's iPhone ban applies only to government officials at work, the scope has significantly expanded.
Federal Trade Commission Could Prosecute Amazon.com Over Antitrust Claims
- The Federal Trade Commission (FTC) could prosecute Amazon.com Inc (NASDAQ: AMZN) over antitrust claims. Amazon's legal team engaged in a video conference with FTC officials on 15 August, typically a final effort to avoid a court battle.
- However, Amazon did not propose any specific concessions during this crucial meeting.
- The FTC, which has been investigating Amazon's practices for several years, plans to file its lawsuit against the tech giant later this month.
Revving Up Luxury: Toyota Launches New Chauffeur-Driven Century, With Fully Customizable Options
- Toyota Motor Corporation (NYSE: TM) launched a new version of its chauffeur-driven Century model in Japan, with a monthly base sales volume of 30 units.
- The new model of the Century will be fully customizable globally.
- The production of the latest model will be done in the Tahara Plant. The manufacturer's suggested retail price for the vehicle is JPY25 million (~$170,000).
Benzinga
SoftBank Backed Arm Eyes $52B IPO With T. Rowe Price as Key Player
- Arm Holdings Ltd, a chip designer backed by SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY), has officially launched its roadshow for its highly anticipated initial public offering.
- The company aims to convince investors that it's worth as much as $52 billion in what could be the most significant share sale ...