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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Tech

Verizon Now Also Decides To Kill Remaining Note 7 Phones

By
Aaron Pressman
Aaron Pressman
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By
Aaron Pressman
Aaron Pressman
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December 15, 2016, 4:17 PM ET
Samsung Halting Note 7
This Sunday, Oct. 9, 2016, photo shows damage to a bedside table after a Samsung Galaxy Note 7 caught fire on the table in Richmond, Va. Samsung Electronics said Tuesday, Oct. 11, that it is discontinuing production of Galaxy Note 7 smartphones permanently, a day after stopping global sales of the ill-fated devices. (Shawn L. Minter via AP)Shawn L. Minter — AP
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Verizon reversed course on Thursday and decided to allow Samsung to send a software update to customers that will automatically disable their Galaxy Note 7 phones.

Samsung last week said it would begin distributing a software update that would prevent the Note 7, which has a dangerous battery flaw that can lead to fires and explosions, from recharging or connecting to mobile networks. While over 90% of Note 7 owners have exchanged their devices or gotten refunds, Samsung was concerned about the safety hazard posed by the holdouts.

AT&T (T), Sprint (S) and T-Mobile (TMUS) all agreed to send out the update. But Verizon had initially resisted the move, saying it didn’t want to surprise customers by disabling their devices and potentially leaving them with no means of communication in an emergency.

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On Thursday, Verizon (VZ) shifted course, posting a note on its website saying it would distribute the Note 7-killing update on Jan. 5. The company did not explain its policy change, but again asked customers to stop using the flawed device. A spokesman had no additional comment on the change.

“We want to make sure you can contact family, first responders, and emergency medical professionals during the holiday travel season,” Verizon said on its web site. “However, we urge you to stop using your Note7, upgrade it to another device, and return the Note7 to us.”

Anyone who bought a Note 7, which has a 5.7- inch screen and comes with a stylus, can return the device to the store or carrier where they bought it and exchange it for a different model or get a refund. Samsung is offering a $100 bill credit to customers who exchange a Note 7 for another Samsung smartphone. Customers who want a refund or opt for another brand qualify for a $25 credit.

For more on the Note 7 recall, watch:

The Note 7 went on sale in August but was quickly beset by reports of batteries smoking and catching fire. On Sept. 2, Samsung said it would voluntarily recall 2.5 million of the devices that had been shipped up to that point. Two weeks later, the Consumer Product Safety Commission formally issued a recall for 1 million Note 7 phones sold in the U.S.. And after battery problems cropped up even in some of replacement Note 7 devices, Samsung said on Oct. 11 it was killing off the entire product.

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