AT&T M2M Strategy In Fast Lane With Connected Cars

AT&T (T) says it expects to provide high-speed wireless data service to 10 million vehicles by 2017, up from just 2 million as of Sept. 30. AT&T updated its wireless strategy at an investors day held in Atlanta on Tuesday. AT&T stock was flat in afternoon trading in the stock market today. In April, AT&T added Volvo to its growing roster of auto customers. AT&T has signed similar pacts with General Motors (GM), Volkswagon’s Audi unit and Tesla

Netflix enters movie business with ‘Crouching Tiger’ sequel

After disrupting the home video industry, Netflix (NFLX) now looks to shake up the theatrical movie business. Next year, it will stream the long-awaited sequel to the Oscar-winning martial-arts epic “Crouching Tiger, Hidden Dragon” at the same time it premieres in select Imax theaters worldwide. Late Monday, Netflix (NFLX) announced an exclusive streaming deal with the Weinstein Co. for “Crouching Tiger, Hidden Dragon: The Green Legend,” the follow-up to the 2000 film. It will premiere on Aug. 28, 2015, on Netflix and in Imax (IMAX) theaters. The movie is expected to be the first of several major films backed by Netflix that will premiere the same day on its Internet TV network and in select Imax theaters. The arrangement will give consumers around the world “unparalleled flexibility in how, when and where they enjoy a major motion picture,

Baidu Racing Google In Developing Self-Driving Cars

Baidu (BIDU) has teamed up with German automaker BMW Group to create self-driving cars. The quest puts the China search leader in a tech development drag race with global search leader Google (GOOGL) in developing self-driving vehicles. Under the code name “Vision Zero,” BMW said in a press release late Monday that its project with Baidu is designed to achieve “accident-free mobility” while enhancing comfort and efficiency for drivers in China,

News Corp. Move Acquisition Smacks Trulia, Zillow

News Corporation’s sudden move into the online real estate business has shaken some Wall Street investors. Stocks of online real estate companies Trulia (TRLA) and Zillow (Z) were down more than 2% and 3%, respectively, in midday trading on the stock market today. The decline followed News Corp.’s (NWS) announcement that it plans to acquire Move (MOVE), a leading online real estate company, for $21 a share, or $950 million. The purchase price

J&J Buying Alios, Going Up Against Gilead

Medical giant Johnson & Johnson agreed to buy privately held biotech Alios BioPharma for $1.75 billion Tuesday, advancing its presence in viral diseases. Johnson & Johnson (JNJ) stock was up a fraction in morning trading on the stock market today. In a press release, J&J touted Alios’ drug candidate for respiratory syncytial virus (RSV), a major cause of lung infections that has no current treatment. The drug, AL-8176, is in midstage clinical