Weekly Highlights: Apple's iWatch Team Grows, Comcast Buys Time Warner Cable And More
Apple (NASDAQ: AAPL) is rumored to have beefed up its iWatch development team even though the device itself has yet to be confirmed.
Google (NASDAQ: GOOG) also made it into the rumor mill, thanks to reports of multiple new Nexus devices.
AOL's (NYSE: AOL) CEO got in trouble after opening his mouth (a frequent occurrence for the exec).
And Bitcoin came under fire again after another hacker attack.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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iWatch Team At 200 People?
How many people will ultimately work on Apple's long-awaited iWatch?
A new rumor claims that the team -- once thought to consist of 100 individuals -- has doubled to 200 people.
That's intriguing, but will they be able to create an innovative product for Apple? Or were they merely hired to ensure that the device (innovative or not) is fully polished before it ships?Image Source: Wikimedia Commons
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Comcast Announced Its Plan For Cable Domination
Comcast is already the biggest cable provider in America. And it wants to get bigger.
The pay-TV company announced that it would acquire Time Warner Cable for a ridiculous large amount of money.
If the merger is successful, Comcast will gain control of several new markets. It will also eliminate a key competitor in areas where it currently battles Time Warner for subscribers.Image Source: Wikimedia Commons
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Former FCC Chairman Is Against The Comcast-Time Warner Merger
Former FCC Commissioner Michael Copps has teamed up with a grassroots advocacy group, Common Cause, to share his thoughts on the proposed merger.
"I think this deal is so over-the-top that it ought to be dead on arrival at the FCC and with the Department of Justice," Copps told Benzinga.
"To allow a company to wield that much power and have that kind of reach, especially in a market where consumer costs keep rising… Cable bills keep going up, Internet is anything but cheap, and there's such low competition."
Copps was also the only FCC Commissioner to vote against the Comcast merger with NBCUniversal.Image Source: Wikimedia Commons
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Verizon Accused Of Lowering Netflix Video Quality
Consumers who use Verizon's FiOS pay-TV service have been experiencing a number of problems with Netflix.
The problems started the day after the new net neutrality rules were released, which allows companies to legally discriminate between websites.
In other words, Verizon has the right to reduce Netflix stream quality.
Verizon denied the allegation, but it should be noted that the company has been struggling to popularize its own streaming video service, Redbox Instant.
Coincidence?Image Source: Wikimedia Commons
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Bitcoin Hit By DDoS Attack
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Nexus Rumors Ramp Up Ahead Of Estimated Release
It looks like the iPad Mini could receive an eight-inch competitor from Google and one of its manufacturing partners.
There are numerous rumors claiming that the firm is getting ready to release a Nexus 8 tablet.
And that's not all. Google may also be getting ready to release an all-new Nexus 10 tablet, as well as a Nexus 6 smartphone to replace the Nexus 5.Image Source: Wikimedia Commons
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AOL CEO Is In Trouble - Again!
You know that old joke, "How many blondes does it take to screw in a light bulb?"
It should be changed to, "How many Board members does it take to screw some sense in AOL CEO Tim Armstrong?"
Armstrong is famous for his unexpected comments and outbursts, which include a scenario in which he publicly fired someone for taking photos.
Now he's in trouble for blaming "distressed babies" on his decision to change its 401k plan.Image Source: Wikimedia Commons
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Consumers Have A Secret Goldmine Of Used Cell Phones
The average consumer would be lucky to get $20 for trading an old cell phone -- especially one that predates the smartphone revolution.
Nonetheless, a new study claims that there consumers are sitting on nearly $50 billion worth of cellular devices that could be traded in.Image Source: Wikimedia Commons
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Steve Wozniak Supports An Apple Android Phone Concept
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