Verizon’s latest push in connected cars will include more than just Wifi.
“The connected vehicle ecosystem is so much more than that,” Andrés Irlando, CEO of Verizon Connect, told Cheddar. “What we do is essentially help customers to optimize their connection to their vehicles and their mobile resources more generally.”
The telecom giant invested $5 billion to launch “Verizon Connect” for consumers and companies on Tuesday. It’s a merger of three fleet management and mobile software brands, Telematics, Fleetmatics, and Telogis, which together will provide logistics and data analytics.
Irlando said the technology has already helped clients boost safety and productivity. He pointed to one customer in particular, online grocer FreshDirect.
“To improve driver behavior, they’re able to track speeding, harsh braking, harsh turns, seatbelt usage,” he said. “We provide solutions that are focused on safety and security, so think about solutions like automatic crash notifications.”
Restaurant inflation was up 8.8 percent from a year ago in March, according to the latest consumer price index, and customers say they're more carefully considering their culinary spending. Cheddar News correspondent Ashley Mastronardi visited Isabelle's Osteria in midtown Manhattan to ask patrons how the higher prices are impacting their wallets.
Longtime CNN host Don Lemon is out at the cable news network a little over two months after apologizing to viewers for on-air comments about Republican presidential candidate Nikki Haley, CNN announced Monday.
The SAG-AFTRA National Board over the weekend voted unanimously to express solidarity with the Writers Guild of America and its plans to go on strike amid ongoing negotiations with studios and streamers.
Lila Snyder, CEO of Bose, joins Cheddar News anchor Hena Doba to discuss her journey to the top of the corporate world, the business of selling top of the line speakers, and how new technologies such as machine learning are shaking up the industry.
Stocks drifted ahead of reports that could offer clues on questions that have kept Wall Street at a standstill, including on where the economy and corporate profits are heading.
