* Apple Inc. reported an accident involving one of its self-driving vehicles in California, Bloomberg News reports, citing a filing with the California Department of Motor Vehicles. The vehicle, a Lexus SUV, was in self-driving mode when it was rear-ended by another vehicle while it was preparing to move onto a highway in the Bay Area called the Lawrence Expressway, according to the report.
* Sen. Ed Markey, D-Mass., and Rep. Anna Eshoo, D-Calif., asked the Federal Communications Commission to look into Verizon Communications Inc.'s recent throttling of first responders' communications. In a letter to the FCC Chairman Ajit Pai, Markey and Eshoo said while the U.S. Federal Trade Commission is also investigating the matter, the FCC should also look into the "public safety" matter.
* Apple Inc. took center stage for the week, as it geared up for its fall product launch and Warren Buffett upped his company's stake in the tech giant. Meanwhile, Alphabet Inc.'s Google LLC attracted criticism from President Donald Trump.
* Google unveiled a new artificial intelligence tool that can be used to detect child sexual abuse material online, VentureBeat.com reports. The software can also help prevent the exposure of people to that content. The new AI tool was developed using neural networks and will be offered to non-governmental organizations and other "industry partners" for free.
* Sports-centric live TV streaming service fuboTV will offer college football games from FOX Sports 1 (US) in 4K HDR beta format, Multichannel News reports. To watch the games in this format, users will reportedly require a 4K-capable streaming device.
* Charter Communications Inc.'s new Spectrum Original Content division picked up a dark comedy series about the trials and tribulations of a single woman serving as a caregiver for her disabled adult sister, Multichannel News reports. The series, titled "E is for Edie," was created by writer Jeanie Bergen.
* Sprint Corp. unveiled a new premium, wireless plan, which includes Amazon.com Inc.'s Prime service and comes with Lookout Premium Plus offering mobile security. Users opting for the Unlimited Premium plan will also get 50 GB worth of LTE mobile hotspot, a Hulu LLC Commercials subscription, music streaming with TIDAL and full HD streaming and global roaming in more than 185 destinations worldwide, the company said. The plan costs $90 per month with AutoPay, which is $40 less than the amount it would cost monthly if the included services were bought individually.
* In spite of the explosive growth in the use of smartphones in recent years, mobile operators across the globe are struggling to improve their average revenue per user, or ARPU. Competitive pressure from over-the-top players including Facebook Inc.'s WhatsApp, Microsoft Corp.'s Skype, Netflix Inc. and Amazon Prime in core areas such as messaging and mobile video has made it even more crucial for the telecoms industry to reverse years of slowing revenue streams.
* Warner Bros.' "Crazy Rich Asians" pulled in $28.3 million to top the domestic box office for the weekend of Aug. 31, followed by Warner Bros.' "The Meg" at No. 2 with $13.4 million and Paramount's "Mission: Impossible – Fallout" at the third spot with $9.1 million, according to comScore Inc. MGM's "Operation Finale" took the fourth spot with $7.8 million, while Sony Corp.'s "Searching" was No. 5 with $7.7 million.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, Hang Seng gained 0.94% to 27,973.34, while the Nikkei 225 fell 0.05% to 22,696.90.
In Europe, around midday, the FTSE 100 dropped 0.30% to 7,481.73, and the Euronext 100 shed 0.94% to 1,049.48.
On the macro front
The Purchasing Managers' manufacturing index, the Institute For Supply Management's manufacturing index and the construction spending report are due out today.
The Daily Dose Europe: Telenor revamps top management; Ericsson, Liberty Global extend partnership: Telenor ASA made changes to its executive management following Berit Svendsen's departure as CEO of Telenor Norway, while Ericsson has extended its existing partnership with cable giant Liberty Global PLC.
The Daily Dose Asia-Pacific: Tencent commits US$400M to Meituan's IPO; China censors Australia's ABC site: Beijing-based online services company Meituan-Dianping is set to launch its Hong Kong IPO, while China blocked users from accessing the website and apps operated by Australia's national broadcaster for the latter's alleged breach of internet rules.
M&A Replay: Apple buys AR lens developer; News Corp. unit acquiring OpCity: Apple confirmed the acquisition of a startup that manufactures augmented reality waveguide lenses, while News Corp. subsidiary Move Inc. agreed to acquire Texas-based real estate technology platform Opcity Inc. for $210 million.
M&A Replay: EC approves Hutchison's Wind Tre buyout; Vectra revives Multimedia Polska bid: The European Commission approved CK Hutchison Holdings Ltd.'s purchase of VEON's 50% stake in Italian operator Wind Tre SpA, while Polish cable operator Vectra SA has notified regulator UOKiK of its renewed bid to acquire Multimedia Polska SA
The Week Ahead Europe: UK regulators take legal action against viagogo: A U.K. Parliament committee will hear evidence this week from members of the secondary ticketing industry, after the Competition and Markets Authority announced legal proceedings against viagogo over breaches to consumer protection law.
M&A Replay: Asia-Pacific: Vodafone Australia, TPG to merge; Airtel to sell stake in DTH arm: Australian carriers Vodafone Hutchison Australia Pty Ltd. and TPG Telecom Ltd. have agreed to merge, while India's Bharti Airtel Ltd. received FDI clearance to sell a stake in its DTH arm.
Data Dispatch: Labor Day box office slows but still expected to outperform last year: The Labor Day weekend is expected to be slow at the turnstiles compared to the rest of the summer season, but two debut films and a strong holdover should push it well above the prior year.
The Best Of: Media & Comm, most read: Verizon's 5G cities; U-verse/DIRECTV lose BeIN Sports: Stories about what Verizon's first 5G cities have in common and AT&T Inc.'s U-verse and DIRECTV subscribers losing the beIN SPORTS (US) and beIN SPORTS en Español (US) are included in the most-read stories for the week ended Aug. 31.
The Best Of: Media & Comm, editor's picks: Huawei seeks help; Sinclair countersues Tribune: Stories about Huawei Technologies Co. Ltd. asking the U.S. Federal Trade Commission for help in regaining access to the U.S. market and Sinclair Broadcast Group Inc. responding to a lawsuit from Tribune Media Co. with a countersuit are among the editor's top five story picks for the week ended Aug. 31.
Global Multichannel: Asia-Pacific video landscape reshaped as subscription OTT strengthens foothold: A study of 12 markets in the Asia-Pacific region sheds light on a fast-growing subscription video-on-demand sector reaping greater shares of the entire video service economy and positioned to grow side by side with multichannel incumbents.
Economics of TV & Film: Tiger vs. Phil, Conor McGregor's return to UFC coming up on PPV: A look at some upcoming pay-per-view events that could draw large buys.
Analyst says NFL needs tech companies to bid on rights to boost revenue base: BTIG analyst Rich Greenfield believes Apple TV could make a run at Sunday Ticket, and other tech players may also wind up with at least a piece of Sunday and Monday packages.
Economics of Internet: Profile: WWE Network: Since its launch in 2014, WWE Network has grown to nearly 1.8 million paid subs in more than 200 territories around the world as of the second quarter, roughly 1.3 million of which were in the U.S.
Economics of Internet: PCCW Ltd.'s Hong Kong OTT footprint: The various services are meant to reduce churn outside of the PCCW ecosystem and create up-selling opportunities between its over-the-top and pay TV platforms.
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