Dish Network CEO Charlie Ergen (DISH) - Get Report has looked to partner with multiple telecom partners in the past to no avail, but a partnership with Amazon.com Inc. (AMZN) - Get Report and CEO Jeff Bezos to cultivate the "internet of things" could be mutually beneficial, the Wall Street Journal said Thursday.
Bezos and Ergen have held discussions to that end, according to Journal sources, though no deal is imminent.
Amazon could finance a network Dish is building based on the internet of things or Amazon could offer Prime members access to Dish internet or phone plans for a little extra a month. But the two CEOs have similar sensibilities and have held discussions recently.
What's Hot On TheStreet
Apple is OK for the time being: For those silently worrying how the Apple (AAPL) - Get Report iPhone 8 will sell, simmer down -- the tech giant still has several huge advantages. On the hardware side, for instance, the iPhone still feels ahead of the pack thanks not only to Apple's design skills and the visible features of its hardware, but also what's under the hood points out TheStreet's tech columnist Eric Jhonsa. From the looks of things, the iPhone 8 should extend that lead, Jhonsa predicts.
Tesla is looking wobbly: Tesla (TSLA) - Get Report shares are looking a little shaky (again) after its Model S didn't get a top rating from Insurance Institute for Highway Safety (IIHS), reports TheStreet's James Skinner. The IIHS cited issues with the small overlap front test, which is meant to simulate crashes into trees, poles and other vehicles, as why the Model S did not receive the highest rating. IIHS Executive Vice President David Zuby said the front test remains a "hurdle" for some vehicles.
"Tesla made changes to the safety belt in vehicles built after January with the intent of reducing the dummy's forward movement," IIHS said. "However, when IIHS tested the modified Model S, the same problem occurred, and the rating didn't change."
Costco finally scores some good news: After watching its stock crash about 13% inside a month thanks to fears Amazon (AMZN) - Get Report and Whole Foods (WFM) will dominate society, Costco COST scored a nice win. Costco said same-store sales in June rose 6.5% in June. Canada saw sales up 3.2%, while international sales rose 6.2%.
The numbers should serve as a reminder how resilient Costco's business has been in the face of Amazon's rise.
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