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Hanjin Shipping gains legal approval to shut European business

2016-10-26 01:00:00| Ship Technology

South Korea's Seoul Central District Court has approved the countrys troubled container line Hanjin Shippings request to shutdown its European operations.

Tags: business legal shipping european

 

Theranos will shut labs and cut 40% staff

2016-10-06 14:57:13| BBC News | Business | UK Edition

Controversial US blood-testing company Theranos is shutting clinical and medical facilities and slashing jobs three months after its founder was banned from owning a laboratory.

Tags: staff cut labs shut

 
 

Foxtel to shut down Presto, revamp own streaming service

2016-10-04 08:30:00| Telecompaper Headlines

(Telecompaper) Australian pay-TV provider Foxtel is revamping its streaming service Foxtel Play from December. Foxtel CEO Peter Tonagh said Foxtel Play will be a "simpler, cheaper and more flexible IP delivered product", similar to HBO Now in the US and Now TV by Sky in the UK. The new service will have five entry-level tiers, including two options for drama priced at AUD 15 per month each or AUD 25 for both, and at the AUD 10 per month level, an option for Lifestyle, one for Documentary and one for Kids. In addition, customers will be able to take the Sports tier for an extra AUD 25 per month and the Movies tier for an additional AUD 20 per month. The announcement comes on the same day as Foxtel revealed that it acquired Seven West Media's shares in the Presto TV joint venture. The streaming service Presto will be shut down and customers will be invited to transition to the new Foxtel Play packages.

Tags: service shut streaming presto

 

BP's Clair oil platform shut down after leak

2016-10-02 21:27:14| BBC News | Business | UK Edition

BP shuts down one of its oil platforms, about 75 km to the west of Shetland, because of a leak.

Tags: oil platform shut clair

 

Vodafone Australia to shut down 2G network in Sept 2017

2016-09-30 11:58:00| Telecompaper Headlines

(Telecompaper) Vodafone Australia announced plans to shut down its GSM network on 30 September 2017. It is the last of the three operators to announce the planned 2G closure, with Telstra shutting down its network at the end of this year and Optus next year. Vodafone said the 2G network carries less than 1 percent of its data traffic and only 2 percent of voice traffic. The 4G network now accounts for almost 90 percent of data traffic, and Vodafone has already refarmed some GSM spectrum for the LTE network. Vodafone is launching a 12-month campaign to make customers aware of the plans and move them to the 3G and 4G networks. Its 3G phones start from AUD 29 and 4G devices from AUD 99.

Tags: network australia sept shut

 

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