Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest about Apple’s plans for iPhones and President Trump’s plans for Big Tech. A convenience store chain rolls out scan-and-go, Ingenico has new leadership and news emerges about Sears and its bankruptcy plans.
The company has reportedly told Pegatron and Foxconn to stop plans for more production lines for the phone. With the new outlook, Foxconn might make 100,000 fewer phones each day.
Trump said that a previous administration has toyed with breaking up the tech industry.
Convenience store operator 7-Eleven is rolling out scan-and-go options for customers in 14 stores in Dallas later this week, with an aim to equip all of its U.S. stores with the technology by next year.
The company said that Philippe Lazare will step down from his current positions as both CEO and chairman.
On Dec. 15, Sears faces a deadline to designed a stalking-horse bidder “that would make an initial offer, which others could later top, for hundreds of stores that would survive under a new owner.”