Apple Fights Addiction, and SpaceX's Zuma Payload Goes Missing
Apple responds to investor calls that it do something to prevent kids from getting addicted to iPhones. The tech giant saying it will roll out new features to help parents control what their kids see on their devices.
And SpaceX's first launch of the year may not have been as successful as hoped. The mysterious Zuma payload, commissioned but kept under wraps by the government, may have burned up and disappeared after separating from the Falcon 9 rocket.
Plus Democratic senators have enough support to force a floor vote on last month's net neutrality repeal. That could lead to a reversal of the controversial decision by the FCC, but there are still plenty of hurdles in the way.
And Samsung shares fell after the company issued guidance for the fourth quarter below analyst estimates. Still, the South Korean electronics giant sees record profit for the period.
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Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
