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Apple Visit to BMW Headquarters Shows Possible Interest in Auto Industry, But Carmaker of Partnership
Tech giant Apple may be gearing up for an entry into the auto industry, with a Reuters reporting that CEO Tim Cook had visited the headquarters and a factory of BMW to learn more about the business.
US Auto Safety Regulator Warns Carmakers Against Cybersecurity Risks, Calls on Proactive Steps Against Vulnerabilities
The top U.S. auto safety regulator said on Friday that other carmakers must move to address potential cyberhacking vulnerabilities of their vehicles after several cybersecurity experts showed it is possible to remotely take over Internet-enable vehicles.
Volkswagen Overtakes Toyota as World's Top Automaker But China Reliance a Concern
Germany' Volkswagen snatched the top spot from Japan's Toyota as the world's largest automaker after selling more vehicles in the first half of 2015.
Nike Settles Lawsuit Against Fitness Device, But Says It Did Nothing Wrong
Footwear and sports apparel giant Nike Inc. is set to settle a lawsuit filed against the company for selling a popular company device that allegedly supplies inaccurate data on users fitness activity.
Amazon's Jeff Bezos Rises Up Wealthiest Rankings With $7 Billion Boost From Company's Stock Surge
Amazon.com Inc. founder and CEO Jeff Bezos has a lot to be happy about these days.
Top US Companies to Pledge $140 Billion in Investments in Support of White House Climate Change Drive
Several top U.S. companies have promised to support the Obama administration's latest initiative to address climate change, committing $140 billion in investments to reduce carbon emissions ahead of a United Nations summit this year.
Fiat Chrysler Faces Record $105 Million in Fines Over Unsatisfactory Recalls, May Implement Vehicle Repurchases
Automaker Fiat Chrysler is set to face a record $105 million in fines for unsatisfactory execution of its recalls for millions of vehicles, according to a Wall Street Journal Report.
Converse Introduces Redesigned, More Comfrotable Chuck Taylors
Apparel maker Converse introduced on Friday redesigns to its iconic sneaker Chuck Taylors to improve comfort and boost sales.
AT&T Completes $48 Billion Acquisition of DirecTV to Create Biggest Cable Company in US
AT&T Inc., the second largest wireless carrier in the United States, announced on Friday that it had completed its acquisition of DirecTV, the leading pay TV company in the country, a deal valued at $48.5 billion that creates the biggest cable company in the U.S.
Pearson in Talks to Sell Stake in The Economist Following Divestment of Financial Times
Following its sale of the daily newspaper Financial Times to Japanese media group Nikkei, Britain's Pearson confirmed on Saturday plans to sell its stake in weekly business magazine The Economist as the British firm continues to exit the media business.
Anthem to Buy Cigna for $54 Billion, Competition Authorities Expected to Closely Review Deal
US healthcare insurer Anthem, Inc. announced on Friday a deal to buy rival Cigna Corporation for $54.2 billion to create the largest player in the industry,but the transactions is expected to draw scrutiny from regulators amid concerns that the consolidation may limit options for consumers.
Paypal Returns to Nasdaq Valued at $50 Billion, Larger than Parent Ebay
Online payment platform Paypal Holdings Inc. is set to make its return to the Nasdaq on Monday with a market value larger than its parent company eBay Inc.
SunEdison Acquires Vivint Solar to Enter Residential and Commercial Solar Power Business
Solar power company SunEdison Inc announced on Monday a deal to buy Vivint Solar Inc for about $2.2 billion to enter the residential and commercial solar power business.
JP Morgan Chase to Pay $388 million in Mortgage Securities Case
JPMorgan Chase & Co will pay $388 million in exchange for settling a lawsuit by investors who claimed they were misled by the bank on the soundness of purchasing $10 billion worth of residential mortgage-backed securities it sold before the financial crisis.
Google Adds Record $65 Billion in Value in One Day
Google Inc added close to $65 billion to its market value last Friday, after it outperformed profit expectations on the strong performance of its Youtube business and in anticipation of more disciplined spending.