Apple reports a record week for Apple Watch
Apple CEO Tim Cook reported record sales for the Apple Watch during the kickoff week of the holiday shopping season and said the current quarter may be the best ever for the device. Cook did […]
Stock Markets
EU allows Microsoft acquisition of LinkedIn
The European Commission has approved Microsoft’s €24.5 billion takeover of LinkedIn after imposing conditions to ensure the deal doesn’t reduce competition. Microsoft must let manufacturers and sellers decide whether they install LinkedIn on Windows computers. […]
Samsung wins Supreme Court appeal in Apple lawsuit
The US Supreme Court has overturned an appeals court decision that awarded Apple a $399 million penalty from rival Samsung for a patent violation. The court determined that the company that infringed on the patent […]
Facebook could rise to WPP’s No. 2 media supplier
WPP CEO Martin Sorrell has announced that Facebook is set to become the second-highest media supplier in 2017, behind Google. WPP will spend nearly $5.5 billion on Google this year and is expected to spend […]
Nokia preparing for smartphone comeback with Google’s help
Finland’s Nokia is reportedly ready to return to the smartphone market next year with models produced with considerable input from Google. However, the phones will be made by another Finnish company, HMD Global, in cooperation […]
Blackstone and Anbang near a $2.3B deal
China’s Anbang Insurance Group is negotiating to pay Blackstone Group as much as $2.3 billion for a portfolio of residential properties in Japan, people familiar with the matter said. The transaction would be the biggest […]
Stock buybacks to surge next year, analysts say
Next year will be a big one for stock buybacks, Goldman Sachs Group analysts say, predicting that Standard & Poor’s 500 index companies will increase repurchases by 30%, to $780 billion. Analysts from Wells Fargo […]
Twitter suspends Dorsey’s account
The Twitter (NYSE:TWTR) account for Jack Dorsey was briefly suspendedovernight, but the CEO later attributed its disappearance to an “internal mistake.” Users can deactivate their accounts, but only the company can suspend them. It’s been […]
Dow Jones crosses 19,000 as record rally continues
The Dow Jones industrial average broke 19000 this morning as major stock indexes continued Monday’s record-setting rally. At 10 a.m. Eastern today, the Dow was up 40 points at 18996, the Nasdaq composite was up […]
Amazon considered to be exploring live sports Prime package
Talks with the NBA, MLB, NFL, MLS and elsewhere involving live game rights are reported to have taken place in recent months. Broad and varied interest across offerings is indicated, with scouting for potential content usage from […]