Alphabet Inc. said it shut an effort to beam internet service from highflying drones, part of a number of moves by the Google parent to rein in less-promising initiatives and focus on those more likely to produce profit. The drone project, called Titan, was folded in early 2016, though Google confirmed the move only this week. A spokeswoman Thursday said X, Alphabet’s unit that pursues moonshot initiatives, is still working...

Source: Wall Street Journal January 12, 2017 17:29 UTC