Apple close to buying Beats for $3.2 billion: source
SAN FRANCISCO (Reuters) – Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cas…
Venture firm Atomico sues ex-employee, consultant for double-dipping
SAN FRANCISCO (Reuters) – Atomico Partners, a London-based venture firm founded by Skype co-founder Niklas Zennstrom, is suing a former employee and consultant for secretly diverting potential Atomico investments to a venture firm that the two were bui…
Airbus reshuffles large American Airlines jet order
PARIS (Reuters) -Airbus took 78 orders in April but remained behind Boeing in the battle for new business after a relatively quiet month dominated by the reshuffling of existing orders, data released by the European planemaker showed on Wednesday.
Apple close to buying headphone maker Beats Electronics: FT
(Reuters) – Apple Inc is close to buying headphone maker Beats Electronics for $3.2 billion, the Financial Times reported.
U.S. lawmakers air concerns over Comcast-Time Warner Cable deal
WASHINGTON (Reuters) – Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast’s plan to merge with Time Warner Cable Inc.
Fiat Chrysler headquarters will be in London, CEO confirms
DETROIT (Reuters) – The headquarters of the newly merged Fiat Chrysler Automobiles (FCA) will be moved to London, Chief Executive Sergio Marchionne clarified on Thursday, cementing a politically sensitive shift away from Italy, Fiat’s home for the past…
Missouri debates barring direct car sales in challenge to Tesla
(Reuters) – Missouri legislators are considering banning car makers selling direct to the public, in another challenge to Tesla Motors Inc’s push to bypass car dealers.
Dish Network says cannot afford to bid against rivals for DirecTV, T-Mobile
(Reuters) – Dish Network Corp Chairman Charlie Ergen said on Thursday he wanted to avoid pricy bidding wars with deep-pocketed rivals for targets such as T-Mobile and DirecTV, even if they could help the satellite television operator.
Chinese developers pull back as property downturn hits economy
SHANGHAI (Reuters) – China’s efforts to cool its property sector look to have been more effective than intended, as a sharp drop in construction activity and falling prices threaten what had been one of few firing engines of the world’s second-largest …
Exclusive: U.S. banking regulators hire math geeks of their own
(Reuters) – A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most likely to fall behind on credit-card payments.
