Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Verizon Communications is booking a $ 4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.
WSJ.com: US Business

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$7 billion Slack is lagging on a key sexual harassment policy

$  7 billion Slack is lagging on a key sexual harassment policyRecently, tech giants including Google and Facebook ended their policies of forced arbitration for employees’ claims of sexual harassment and assault. In an interview for “Breakouts” on Yahoo Finance, Slack co-founder and chief technology officer Cal Henderson confirmed that Slack has not changed its policy on forced arbitration. Slack is a workplace messaging app that’s currently valued at $ 7.1 billion.



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IBM to Acquire Red Hat for About $33 Billion

International Business Machines agreed to buy software-and-services company Red Hat for about $ 33 billion in its biggest acquisition ever, a deal that IBM hopes will boost a cloud-computing business central to Chief Executive Ginni Rometty’s effort to revive the tech giant.
WSJ.com: US Business

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Uber Proposals Value Company at $120 Billion Ahead of Possible IPO

The ride-hailing company recently received proposals from banks valuing it at as much as $ 120 billion in an initial public offering that could take place early next year.
WSJ.com: US Business

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Honda to Invest $2.75 Billion in GM’s Self-Driving Car Unit

Honda is investing $ 2.75 billion in General Motors’s self-driving car unit, a move that comes as the transportation landscape is swiftly being reshaped by technology.
WSJ.com: US Business

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Instagram’s Kevin Systrom on the Platform He Built for One Billion Users

After selling Instagram to Facebook, Systrom vaulted the platform past Snapchat and had been gearing up to take on YouTube. WSJ. Magazine interviewed the CEO before he announced his resignation.
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Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Auction

Comcast and 21st Century Fox will settle their takeover battle for Sky in a weekend auction run by British regulators, setting up a dramatic climax to a 21-month sale process that has pitted some of the world’s biggest media giants against each other.
WSJ.com: US Business

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Coca-Cola to Buy U.K. Starbucks Rival Costa for $5.1 Billion

Coca-Cola said it would buy British coffee-shop chain Costa for $ 5.1 billion, diversifying further from its soft-drink roots and marking the latest bet by a major consumer-goods company on coffee.
WSJ.com: US Business

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Exclusive: Fitbit's 150 billion hours of heart data reveal secrets about health

Exclusive: Fitbit's 150 billion hours of heart data reveal secrets about healthFitibit's wristbands have collected 150 billion hours' worth of heart-rate data from people around the world. For the first time, the company offered a look inside that data, to see how lifestyle, location, age, and gender affects our health and longevity.



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Tencent’s Rout This Year Has Wiped Out Over $175 Billion in Market Value

Tencent’s selloff has sparked fears of a broader contagion for tech stocks around the world.
WSJ.com: US Business

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Tribune Terminates $3.9 Billion Merger With Rival Sinclair

Tribune Media terminated its merger agreement with rival TV station-owner Sinclair Broadcast Group and sued the company, alleging it failed to make sufficient efforts to get their $ 3.9 billion deal approved by regulators.
WSJ.com: US Business

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Disney, 21st Century Fox Shareholders Vote to Approve $71.3 Billion Merger

Shareholders of 21st Century Fox and Disney have voted to approve Disney’s $ 71.3 billion buyout of major Fox assets. Shareholders gathered Friday morning at the New York Hilton for separate meetings to vote on the historic transaction that the companies first set back in December. Both meetings were brief, lasting less than 15 minutes. John […]

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Moon may have been habitable 4 billion years ago

The moon could have supported life billions of years ago, according to new research.
Tech News – Latest Technology and Gadget News | Sky News

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Google Hit With Record $5 Billion EU Fine in Android Case

The EU fined Alphabet’s Google $ 5 billion, a record for the bloc that could loosen the company’s grip on its biggest growth engine: mobile phones.
WSJ.com: US Business

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Google Hit With Record $5 Billion EU Fine in Android Case

The EU fined Alphabet’s Google $ 5 billion, a record for the bloc that could loosen the company’s grip on its biggest growth engine: mobile phones.
WSJ.com: WSJD

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Broadcom Agrees to Buy CA Technologies for $18.9 Billion

Broadcom struck a deal to buy software company CA Technologies for nearly $ 19 billion, a surprise move that takes the chip-making giant in a new direction.
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Authentic Brands Nears $8 Billion in Retail Sales With Nine West Deal

Authentic Brands Group has closed on its acquisition of the Nine West and Bandolino brands for the footwear and handbag categories.
ABG, a brand management firm, acquired the intellectual property assets from bankrupt Nine West Holdings Inc. The acquisition brings ABG’s footwear and accessories business to more than  $ 2 billion in global retail sales, and gives the company’s total brand portfolio nearly $ 8 billion in retail sales.
ABG now has 33-plus brands in its portfolio and a global footprint with more than 50,000 points of sale across luxury, specialty, department store and e-commerce channels. With retail partners, the group also has more than 4,381 branded freestanding stores and shops-in-shop globally.
Jamie Salter, chairman and chief executive officer, said since ABG won the bidding for the brands, the company has “received an outpouring of interest from retailers, distributors and new licensing partners.”
The company is in the process of developing near-term and long-term strategies for the brands, and said it would enhance the brands’ market positioning through refreshed creative, engaging digital campaigns and key influencer partnerships.
ABG has tapped Marc Fisher Footwear to operate the footwear businesses and Signal Products Inc. to operate the handbag and small leather goods businesses.
ABG plans to expand the brands into

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Instagram clocks up one billion users

Instagram has said it now has more than one billion active users, less than a year after it reported reaching the 800 million mark.
Tech News – Latest Technology and Gadget News | Sky News

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UPS’s $20 Billion Problem: Operations Stuck in the 20th Century

As the package giant tries to satisfy America’s 21st-century shopping-and-shipping mania, it must update a delivery network whose processes sometimes hark to a past era; a $ 20 billion catch-up bill.
WSJ.com: US Business

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$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight

Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $ 65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.
WSJ.com: US Business

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China’s ZTE to Pay $1 Billion Fine in Settlement With U.S.

The U.S. and China have reached a deal that will allow telecom company ZTE to continue to do business, requiring it to pay a $ 1 billion fine and place U.S. enforcement officers in the company to monitor its actions.
WSJ.com: WSJD

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China’s ZTE to Pay $1 Billion Fine in Settlement With U.S.

The U.S. and China have reached a deal that will allow telecom company ZTE to continue to do business, requiring it to pay a $ 1 billion fine and place U.S. enforcement officers in the company to monitor its actions.
WSJ.com: US Business

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Microsoft Is Buying GitHub for $7.5 Billion

Microsoft is acquiring software-code repository GitHub for $ 7.5 billion in stock, a move that could help the tech giant convince more developers to create applications for its cloud-computing business.
WSJ.com: US Business

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Microsoft to Acquire GitHub for $7.5 Billion

Microsoft will acquire software-code repository GitHub for $ 7.5 billion in stock, a move that could help the tech giant convince more developers to create applications for its cloud-computing business.
WSJ.com: WSJD

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SoftBank Vision Fund to Invest $2.25 Billion in GM’s Driverless-Car Unit

SoftBank’s tech-focused Vision Fund will invest $ 2.25 billion in General Motors’s driverless-car unit, as the auto maker battles tech companies and startups in a race to commercialize autonomous vehicles.
WSJ.com: WSJD

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Father’s Day Spending Expected to Hit $15.3 Billion This Year

Dads can expect a little less to be spent on them for Father’s Day this year.
According to a study by the National Retail Federation and Prosper Insights & Analytics, spending on the holiday is projected to reach $ 15.3 billion this year, down just slightly from the $ 15.5 billion spent last year.
This translates into an average of $ 133 a person for the 77 percent of Americas who plan on celebrating the holiday on June 17. Individuals between 25 and 34 years of age are expected to spend the most, an average of $ 188.
“We are pleased to see consumer confidence continue to rise, leading to another near-record holiday spend on Father’s Day,” said NRF president and chief executive officer Matthew Shay. “Leading into the second half of the year, Americans are looking forward to treating their dads, and retailers will be prepared to offer a variety of gift options that will create new memories on this special day.”
According to the survey, consumers plan to spend $ 2.2 billion on apparel, which is expected to be purchased by 43 percent of shoppers; $ 2.1 billion on gift cards (42 percent), and $ 1.8 billion on consumer electronics (20 percent). In addition, $ 878 million will be spent on home

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GE to Merge Rail Division With Wabtec in $11 Billion Deal

General Electric agreed to merge its railroad business with Wabtec, in a deal valued at about $ 11 billion, letting GE raise some cash to fund its turnaround and shed one of its oldest operations.
WSJ.com: US Business

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China Approves Toshiba’s $18 Billion Sale of Its Memory-Chip Unit

China has approved U.S. private-equity firm Bain Capital’s $ 18 billion deal to acquire Toshiba Corp.’s memory-chip unit, a gesture of goodwill from Beijing as it tries to stave off U.S. trade punishment.
WSJ.com: WSJD

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Walmart Agrees to Buy 77% Stake in India’s Flipkart for $16 Billion

Walmart agreed to take control of India’s largest e-commerce company, Flipkart Group, for $ 16 billion, as it tries to fend off Amazon.com at home and abroad.
WSJ.com: US Business

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Takeda Wins Battle for Shire With $62 Billion Deal

Takeda reached an agreement to buy Shire, capping a monthslong battle for control of the European drugmaker and marking the biggest-ever overseas acquisition by a Japanese company.
WSJ.com: US Business

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Xiaomi Cuts IPO Valuation Target to $70 Billion to $80 Billion

The Chinese smartphone maker is targeting a valuation of between $ 70 billion and $ 80 billion, a range lower than the $ 100 billion that was previously discussed.
WSJ.com: WSJD

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This is how the sun will die in 10 billion years

Scientists believe they have finally discovered what will happen when the sun dies – and it doesn’t look good for Earth.
Tech News – Latest Technology and Gadget News | Sky News

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Walmart Seeking $15 Billion Stake in Indian E-Commerce Giant Flipkart

Walmart is near a deal to invest around $ 15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, taking its battle with Amazon to India.
WSJ.com: US Business

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Apple Allays iPhone Worries, Adds $100 Billion to Buyback Plans

Apple flexed its financial muscle with a record $ 100 billion plan to buy back stock from investors, as it reported strong gains in revenue and profit even as growth in the number of iPhones sold remained weak.
WSJ.com: US Business

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Apple Allays iPhone Worries, Adds $100 Billion to Buyback Plans

Apple flexed its financial muscle with a record $ 100 billion plan to buy back stock from investors, as it reported strong gains in revenue and profit even as growth in the number of iPhones sold remained weak.
WSJ.com: WSJD

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Marathon Petroleum to Buy Andeavor for More Than $23 Billion

Marathon Petroleum agreed to buy pipeline and refining company Andeavor for $ 23.3 billion, the latest deal in an active year for energy-related mergers.
WSJ.com: US Business

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Tencent Music Plans IPO; Valuation Could Exceed $25 Billion

Tencent Music, China’s largest music-streaming company, is preparing what would be one of the largest tech IPOs ever following the successful debut of its European counterpart Spotify.
WSJ.com: US Business

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Billion watch Jessie J win Chinese TV talent show

British pop singer Jessie J has won a Chinese TV talent show after dazzling millions of viewers with her rendition of Whitney Houston’s I Will Always Love You in the competition’s final.
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Billion euro cyber-suspect arrested in Spain

The individual led a prolific gang that stole cash from banks for more than five years, says Europol.
BBC News – Technology

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U.S. to Apply Tariffs on Up to $50 Billion of Chinese Imports

President Donald Trump is expected Thursday to announce new tariffs on Chinese imports. They could be levied on $ 50 billion worth of imports, said an individual with knowledge of the plans.
WSJ.com: US Business

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Report: Panthers bidding reaches $2.5 billion

Bidding for the Panthers has reportedly reached $ 2.5 billion, pushing Fanatics owner Michael Rubin — and potential minority partners Stephen Curry and Sean Combs — to the sideline for now.
www.espn.com – NFL

Comcast Moves to Hijack Fox-Sky Deal With $31 Billion Bid

Comcast made a $ 30.9 billion offer for Sky, topping a rival bid from Fox to consolidate ownership of the U.K. broadcaster and moving to peel away one of the most attractive assets Disney has agreed to buy from Fox.
WSJ.com: US Business

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Berkshire Hathaway Posted $29 Billion Gain in 2017 From Tax Plan

Berkshire Hathaway said Saturday it posted a $ 29 billion gain in 2017 related to changes in U.S. tax law, a boost that inflated annual profits for the Omaha conglomerate.
WSJ.com: US Business

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Consumers lost $19.4 billion to cybercriminals in 2017

Consumers lost $  19.4 billion to cybercriminals in 2017It seems like the more we learn about cybersecurity, the less we pay attention to protecting our personal information.



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Broadcom Raises Offer for Qualcomm to Over $121 Billion

Broadcom has sweetened its takeover offer of Qualcomm in a deal that would be worth more than $ 121 billion, turning up the pressure on the takeover target in what would be the largest-ever technology deal.
WSJ.com: WSJD

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Broadcom Raises Offer for Qualcomm to Over $121 Billion

Broadcom has sweetened its takeover offer of Qualcomm in a deal that would be worth more than $ 121 billion, turning up the pressure on the takeover target in what would be the largest-ever technology deal.
WSJ.com: US Business

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Qualcomm Hit With $1.23 Billion EU Fine for Apple Payments

Qualcomm was slapped with a $ 1.23 billion antitrust fine by the European Union for illegal payments it made to Apple for exclusively using its chips in smartphones and other products.
WSJ.com: WSJD

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Hackers behind ‘a billion’ dodgy web adverts

Hackers are using the web’s advertising networks to trick people into downloading malware using fake security updates and Adobe Flash.
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Celgene to Buy Juno Therapeutics for $9 Billion

Celgene said it agreed to buy Juno Therapeutics for $ 87 a share in cash, or about $ 9 billion, in a move that will expand Celgene’s portfolio of blood-cancer drugs.
WSJ.com: US Business

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SoftBank Explores $18 Billion Listing of Telecoms Business

The Japanese conglomerate is considering listing roughly 30% of its cellphone unit on the Tokyo Stock Exchange, as well as a separate listing overseas, possibly in London.
WSJ.com: WSJD

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Unibail Who? The French Mall Owner Is Buying Westfield for $15.7 Billion

Even in its home market of France, Unibail-Rodamco isn’t a well-known corporate name. But if it consummates a deal with Westfield, it will be the world’s second-largest mall operator by market capitalization.
WSJ.com: US Business

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Mall Operator Westfield Agrees to Takeover Bid Valued at $16 Billion

Westfield, the Australian operator of marquee malls from California to New York’s World Trade Center, agreed to a $ 15.7 billion takeover offer from European shopping-center giant Unibail-Rodamco.
WSJ.com: US Business

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CVS to Buy Aetna for $69 Billion, Combining Major Health-Care Players

CVS agreed to buy Aetna for about $ 69 billion in cash and stock in a move to transform the pharmacy company and capture more of what consumers spend on health care.
WSJ.com: US Business

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Marvell Confirms $6 Billion Purchase of Chip Maker Cavium

Marvell Technology plans to buy chip maker Cavium in a $ 6 billion cash-and-stock deal that would set it up to better compete with semiconductor giants such as Intel and Broadcom.
WSJ.com: WSJD

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Emerson to Increase Offer for Rockwell to $29 Billion

Emerson Electric plans to boost its takeover offer for Rockwell Automation, this time to $ 29 billion, ratcheting up an effort to bring its reluctant rival to the negotiating table.
WSJ.com: US Business

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Airbus, Boeing Seal More Than $75 Billion in Orders

Airbus and Boeing secured more than $ 75 billion in single-aisle plane commitments, demonstrating unrelenting appetite for their most popular planes from discount carriers.
WSJ.com: US Business

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The $250 Billion in U.S.-China Trade Deals May Not Tally

On the surface, U.S.-China deals worth billions of dollars look like a win for America Inc. during President Donald Trump’s visit to Beijing. But there is a catch.
WSJ.com: US Business

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Broadcom Proposes to Buy Qualcomm for Over $100 Billion

Broadcom launched a takeover bid for fellow chip maker Qualcomm in a cash-and-stock-deal worth over $ 100 billion.
WSJ.com: US Business

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Broadcom Proposes to Buy Qualcomm for Over $100 Billion

Broadcom launched a takeover bid for fellow chip maker Qualcomm in a cash-and-stock-deal worth over $ 100 billion.
WSJ.com: WSJD

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CVS, Aetna Plot $66 Billion Tie-Up

CVS Health is in talks to buy Aetna for more than $ 66 billion as the drugstore giant scrambles to fortify itself against looming competition from Amazon amid a continuing reordering of the health-care industry.
WSJ.com: US Business

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New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in Businesses

GE’s quarterly earnings fell as it incurred hefty restructuring charges during CEO John Flannery’s first official quarter at the helm, and the new CEO pledged to exit more than $ 20 billion of the company’s businesses.
WSJ.com: US Business

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Google Jumps Back Into Hardware With $1.1 Billion HTC Deal

Google said it would buy part of struggling Taiwanese smartphone maker HTC for $ 1.1 billion in cash, as it accelerates its efforts to crack the handset market.
WSJ.com: WSJD

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Northrop Grumman to Buy Orbital ATK for $7.8 Billion

Northrop Grumman said it agreed to buy Orbital ATK for $ 7.8 billion, as merger activity in the aerospace industry heats up.
WSJ.com: US Business

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Amazon Seeks Prime Location for $5 Billion Second HQ

Amazon plans to open a second headquarters somewhere in North America that will house up to 50,000 employees and cost $ 5 billion to build and operate.
WSJ.com: US Business

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Amazon Seeks Prime Location for $5 Billion Second HQ

Amazon plans to open a second headquarters somewhere in North America that will house up to 50,000 employees and cost $ 5 billion to build and operate.
WSJ.com: WSJD

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United Technologies to Buy Rockwell Collins for $23 Billion

United Technologies reached a deal to buy airplane-parts maker Rockwell Collins for $ 23 billion, in the biggest aerospace deal in history.
WSJ.com: US Business

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Fox’s Star TV to Pay $2.55 Billion for Indian Premiere League Cricket Rights

Star India, part of 21st Century Fox, has won the auction to acquire worldwide rights for the Indian Premiere League cricket tournament. It bid $ 2.55 billion for rights that run for five years from 2018 through 2022. The previous rights holders was Sony Pictures Network, which had acquired them from the Board of Control for… Read more »

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Bill Gates Just Gave Away $4.6 Billion, His Biggest Donation Since 2000

And he’s still the richest person in the world.

Lifestyle – Esquire

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Tesla to Sell $1.5 Billion in Debt Amid Launch of Model 3

Tesla will sell $ 1.5 billion in senior notes amid the launch of its Model 3 sedan, a week after the Silicon Valley auto maker’s chief executive said it faces ‘manufacturing hell.’
WSJ.com: US Business

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Discovery to Buy Scripps Networks for $11.9 Billion

Discovery Communications has agreed to acquire Scripps Networks in a deal valued at about $ 11.9 billion, combining two powerhouses of nonfiction television programming at a time of major upheaval in the cable-TV business.
WSJ.com: US Business

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Michael Kors Shops for Glamour, Buys Jimmy Choo for $1.2 Billion

Luxury-fashion company Michael Kors has reached a deal to buy Jimmy Choo for $ 1.17 billion, giving it a new avenue for growth as its core handbag market slows.
WSJ.com: US Business

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KKR to Buy WebMD in $2.8 Billion Deal

KKR has reached a deal to buy WebMD Health Corp. for $ 2.8 billion. The New York-based health-information provider had been running an auction after publicly putting itself in play earlier this year.
WSJ.com: US Business

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Uber Rival Grab’s Fundraising Values It at $6 Billion

Singapore-based GrabTaxi is raising $ 2.5 billion in Southeast Asia’s largest startup-fundraising round to date, as the ride-hailing firm tries to battle Uber.
WSJ.com: WSJD

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Uber Rival Grab in Talks for Up to $2 Billion From SoftBank, China’s Didi

Uber’s biggest rival in Southeast Asia, GrabTaxi, is raising more money to battle Uber in the region—as much as $ 2 billion from Japan’s SoftBank and Chinese ride-hailing company Didi Chuxing.
WSJ.com: US Business

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Uber Rival Grab in Talks for Up to $2 Billion From SoftBank, China’s Didi

Uber’s biggest rival in Southeast Asia, GrabTaxi, is raising more money to battle Uber in the region—as much as $ 2 billion from Japan’s SoftBank and Chinese ride-hailing company Didi Chuxing.
WSJ.com: WSJD

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QVC to Acquire Rival HSN for More Than $2 Billion

Two longtime rivals, QVC and the Home Shopping Network, have agreed to merge as two businesses built around selling over television seek to combat the rise of online shopping.
WSJ.com: US Business

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Even a $2.7 billion fine can't hurt Google

Even a $  2.7 billion fine can't hurt GoogleThe European Commission has fined Google $ 2.7 billion, but that won't hurt the search giant.



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Google Slapped With $2.7 Billion EU Fine Over Search Results

The European Union’s antitrust regulator fined Alphabet’s Google a record $ 2.71 billion for favoring its own comparison-shopping service in search results.
WSJ.com: US Business

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Google Slapped With $2.7 Billion EU Fine Over Search Results

The European Union’s antitrust regulator fined Alphabet’s Google a record $ 2.71 billion for favoring its own comparison-shopping service in search results.
WSJ.com: WSJD

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George Clooney and Rande Gerber Were ‘Shocked’ at Offer to Sell Casamigos Tequila for $1 Billion

Rande Gerber says he and his business partner George Clooney were stunned when they were offered a whopping $ 1 billion to sell the tequila company they started just four years ago — and never expected it to gain so much popularity.

“We never planned on starting a tequila company. You know, we made Casamigos just for us to drink,” Gerber said during a phone interview with Good Morning America on Thursday. “Once we did launch the company, we thought, ‘Hey, if we could see a bottle or two, great. If not, at least we still get to drink our own tequila.’”

He added: “So, four years later when we’re offered a billion dollars to sell the company, yeah, we were kind of shocked.”

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In a statement to PEOPLE on Wednesday, Clooney confirmed that he, Gerber and real estate mogul Mike Meldman will sell the alcohol brand to the European beverage company Diageo for the large sum.

Diageo announced the news in a press release which reveals that the deal is expected to close in the second half of calendar 2017. Officials said that the deal could stand to bring in $ 10 million, in addition to the $ 1 billion.

The celebrity pals started Casamigos in 2013 “by accident” after failing to find the perfect tequila on vacation in Mexico.

From Coinage: Why Does Chardonnay Cost So Much?

“I think the most important thing for us though is, we really love what we do, and we love what we made and we want to keep drinking it and keep the team together,” Gerber continued, adding that the trio will continue to run the company.

RELATED: Frozen Wine Slushies Are as Pretty as They Are Delicious

“George will keep his role … working on the marketing with me,” he said. “The great thing is we do everything in house so even though we were bought by Diageo … we’ll remain a standalone company. We’ll operate it as we have since day one.”

Much like everything else, Gerber said the taste of the tequila will remain the same and that they will “definitely not” change the formula.


PEOPLE.com

Fashion Deals Update:

Amazon to Buy Whole Foods for $13.7 Billion

Amazon said it would buy Whole Foods for $ 13.7 billion, including debt, instantly transforming the online giant into a major player in the bricks-and-mortar retail sector it has spent years upending.
WSJ.com: US Business

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Amazon to Buy Whole Foods for $13.7 Billion

Amazon said it would buy Whole Foods Market for $ 13.7 billion as the giant internet retailer makes a deeper push into the grocery space.
WSJ.com: WSJD

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Father’s Day Spending Expected to Hit $15.5 Billion

It’s expected to be a record for spending on Dad this year.
According to the National Retail Federation’s annual survey conducted by Prosper Insight & Analytics, spending is expected to hit $ 15.5 billion this year, the highest figure in the 15-year history of the survey. Last year, spending was $ 14.2 billion.
According to the survey, shoppers are expected to spend an average of $ 134.75 this year, up from last year’s $ 125.92. 
“It’s encouraging to see that consumers are spending on special occasions such as Father’s Day,” said Matthew Shay, president and chief executive officer of NRF. “This is a positive sign of strong consumer confidence heading into the second half of the year, and a good deal for all the dads who will reap the benefits.”
The survey found 27 percent of dads would love to receive a “gift of experience” for Father’s Day — and 25 percent of shoppers will fulfill that wish by buying their fathers tickets to a concert or a sporting event.
Gift cards are expected to account for $ 2.2 billion in spending, given by 43 percent, the same that will be spent on apparel. Consumer electronics will account for $ 1.8 billion, personal-care products such as a bottle of cologne will total $ 888

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U.S., Saudi Firms Sign Deals Worth at Least $43 Billion

U.S. companies on Saturday signed a slew of business deals in Saudi Arabia worth at least $ 43 billion, solidifying the U.S.-Saudi commercial relationship as the kingdom’s economy cracks open.
WSJ.com: US Business

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SoftBank Nears Closing on $100 Billion Tech Fund

SoftBank CEO Masayoshi Son said he is preparing to shift his focus from turning around U.S. wireless unit Sprint to running a $ 100 billion technology-investment fund—which might launch as early as next week.
WSJ.com: WSJD

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Apple’s Cash Hoard Set to Top $250 Billion

Apple likely will report Tuesday that its cash hoard has topped a quarter of a trillion dollars—an unrivaled milestone that could ratchet up pressure on the tech giant to make splashier acquisitions or dole out more money to shareholders.
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A $3.5 Billion Startup Exposed Hospital’s Data Without Permission

Cybersecurity firm Tanium spent years pitching its software by showing it working in a client’s network—something the client, a California hospital, says Tanium never had permission to do.
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Microsoft, eBay, Tencent Invest $1.4 Billion in Amazon’s India Rival

Indian e-commerce startup Flipkart said it has raised $ 1.4 billion from technology heavyweights Microsoft, eBay and Tencent, giving it a cash boost as it seeks to combat Amazon’s rapid growth in the country.
WSJ.com: WSJD

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Elliott Steps In After Akzo Nobel Spurns $24 Billion PPG Bid

Elliott Management, the big U.S. activist investor, threatened to use obscure Dutch corporate rules to force paint and chemicals giant Akzo Nobel to consider a sweetened $ 24.19 billion bid from American rival PPG Industries.
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Intel in $15 Billion Deal for Self-Driving Tech Firm Mobileye

Intel Corp. struck a deal to buy Mobileye NV for $ 15.3 billion, the latest investment by a technology company in the future of self-driving cars.
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Intel in $15 Billion Deal for Self-Driving Tech Firm Mobileye

Intel Corp. struck a deal to buy Mobileye NV for $ 15.3 billion, the latest investment by a technology company in the future of self-driving cars.
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Shell to Sell Canada Oil-Sands Businesses for $7.25 Billion

Shell is selling nearly all of its Canadian oil-sands developments in deals worth $ 7.25 billion, largely abandoning a region that symbolizes the risks in high-cost, carbon-intensive sources of oil.
WSJ.com: US Business

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PPG Makes $22 Billion Offer for Paint Rival Akzo Nobel, Is Rejected

Dutch paints-and-chemicals maker Akzo Nobel said it rejected an unsolicited $ 22.1 billion offer from U.S. peer PPG, setting up a trans-Atlantic standoff that pits two of the world’s oldest industrial giants amid a wave of consolidation in the sector.
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GM to Take $4 Billion Charge on Sale of European Unit to Peugeot

General Motors has agreed to sell its European car brands Opel and Vauxhall to France’s Peugeot, withdrawing from a region where it hasn’t made money in almost two decades and taking a $ 4 billion charge in the process.
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China Video Streaming Firm iQIYI Raises $1.5 Billion

Chinese online video firm iQIYI has raised $ 1.53 billion through the sale of convertible debt. The new finance will allow it to keep investing in content and services as the streaming sector develops. The company is a majority owned subsidiary of Baidu, the group that dominates online search in China. Baidu revealed that it had put… Read more »

Variety

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Unilever Drops After Kraft Pulls $143 Billion Offer

Shares in Unilever tumbled 8% in early trading after Kraft Heinz withdrew its $ 143 billion offer for the Anglo-Dutch group just a little more than 48 hours after making its audacious bid public.
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Kraft’s $143 Billion Bid for Unilever Highlights Squeeze in Consumer Goods

Kraft Heinz has made a $ 143 billion approach to take over U.K. consumer-products giant Unilever, a move that would bring together some of the best-known household brands in the world.
WSJ.com: US Business

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Snapchat Parent Sets Valuation of Up to $22.2 Billion

Snap Inc. set a valuation for itself between $ 19.5 billion and $ 22.2 billion, as the disappearing-message app company nears its landmark initial public offering, the company confirmed Thursday.
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Snapchat Parent Sets Valuation of Up to $22.2 Billion

Snap Inc. set a valuation for itself between $ 19.5 billion and $ 22.2 billion, as the disappearing-message app company nears its landmark initial public offering, the company confirmed Thursday.
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Toshiba’s Meltdown: Chairman Out, $6.3 Billion Write-Down

Toshiba’s problems deepened as the Japanese electronics giant flagged a $ 6.3 billion write-down, postponed its earnings report amid alleged accounting irregularities in its troubled nuclear unit, and said its chairman was resigning.
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Reckitt Benckiser to Buy Mead Johnson for $16.6 Billion

Reckitt Benckiser said it agreed to buy baby-food maker Mead Johnson for $ 16.6 billion, a cash deal that will almost double the size of the British company’s consumer-health business and help it push deeper into emerging markets.
WSJ.com: US Business

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Meet the 28-year-old tech whiz who's making $4 billion from Snapchat

Meet the 28-year-old tech whiz who's making $  4 billion from SnapchatWhen it comes to Snapchat’s parent company Snap, which filed for a $ 3 billion IPO last week, you’re likely more familiar with the company’s CEO Evan Spiegel than its co-founder, Bobby Murphy. Born and raised in Berkeley, Calif., the 28-year-old Filipino American co-founder met Spiegel at Stanford University while studying for a degree in mathematics and computational science. Now, with Snap gearing up to go public in March, Murphy is poised to have a whopping $ 4 billion net worth, according to Forbes.



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Walgreens, Rite Aid Shave $2 Billion Off of Deal Price

Walgreens Boots Alliance and Rite Aid agreed to reduce the amount Walgreens would pay for its rival by at least $ 2 billion, after they struggled to get antitrust enforcers to bless the big drugstore deal.
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Oculus could cost Facebook up to $11 billion, but it might be worth it

Oculus could cost Facebook up to $  11 billion, but it might be worth itIn 2014, Facebook CEO Mark Zuckerberg spent $ 2 billion to purchase the virtual reality startup Oculus and its Rift headset. Nearly three years later, though, it looks like that $ 2 billion was just a down payment for the VR company, as Facebook will likely have to shell out billions more until the social network can get the Oculus’ technology to a point where Zuckerberg and co. are satisfied.



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BAT Agrees to Pay $49 Billion for Full Control of Reynolds

British American Tobacco and Reynolds American said they had agreed to a sweetened offer of $ 49.4 billion from BAT for the 57.8% of Reynolds that it doesn’t already own.
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Acer B326HUL 32 LED LCD Monitor – 16:9 – 6 ms – 2560 x 1440 – 1.07 Billion Colors – 300 Nit – 100,000,000:1 – WQHD – Speakers – DVI – HDMI – DisplayPort – USB – 45 W – Dark Gray

Acer B326HUL 32 LED LCD Monitor – 16:9 – 6 ms – 2560 x 1440 – 1.07 Billion Colors – 300 Nit – 100,000,000:1 – WQHD – Speakers – DVI – HDMI – DisplayPort – USB – 45 W – Dark Gray


Acer B326HUL 32 LED LCD Monitor – 16:9 – 6 ms – 2560 x 1440 – 1.07 Billion Colors – 300 Nit – 100,000,000:1 – WQHD – Speakers – DVI – HDMI – DisplayPort – USB – 45 W – Dark Gray

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Essilor, Luxottica to Create $49 Billion Eyewear Giant

Luxottica, maker of Ray-Ban, has agreed to a merger with French optical-lens maker Essilor, placing its Italian founder at the helm of a globe-spanning colossus with brands gracing European catwalks and California beaches.
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VW Set to Pay $4.3 Billion to U.S. in Emissions Cheat

Volkswagen, in a historic settlement, is expected as early as Wednesday to agree to plead guilty to criminal wrongdoing and pay a $ 4.3 billion penalty to resolve a U.S. Justice Department probe of the German auto giant’s diesel-emissions cheating.
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Apple App Store Subscription Revenue Hit $2.7 Billion in 2016, Up 74%

Apple’s App Store generated $ 2.7 billion in subscription fees for 2016 — an increase of 74% from the year earlier, the tech giant announced. Netflix, HBO Now, Line, Tinder were among the most popular subscription-based apps of the year. Overall, Apple says, it paid app developers over $ 20 billion in 2016, up 40% from 2015. According to… Read more »

Variety

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Foxconn Deepens Investment in China With $8.8 Billion Factory

Foxconn plans to build an $ 8.8 billion television flat-panel factory in Guangzhou, China, depicting the region as an “investment treasure land” amid calls to move tech manufacturing to the U.S.
WSJ.com: WSJD

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Avaya: How an $8 Billion Tech Buyout Went Wrong

Avaya, a telephony company bought by private-equity firms TPG and Silver Lake in 2007 for about $ 8 billion, is weighing a chapter 11 bankruptcy filing to slash its $ 6 billion debt load.
WSJ.com: WSJD

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21st Century Fox in Talks to Buy Rest of U.K.’s Sky for $14 Billion

21st Century Fox is in late-stage discussions to buy all of Sky PLC, the U.K.’s market-leading pay-TV provider, in a $ 14 billion deal, as Fox moves to consolidate its holdings.
WSJ.com: US Business

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SoftBank Pledges to Invest $50 Billion in U.S. After Meeting With Trump

Masayoshi Son, the brash billionaire who controls Sprint Corp., said Tuesday he would invest $ 50 billion in the U.S. and create 50,000 new jobs, after a 45-minute meeting with President-elect Donald Trump.
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Stripe’s Valuation Nearly Doubles to $9.2 Billion

Stripe, whose software is used by businesses to accept and track digital payments, will be valued at $ 9.2 billion in a new funding round that is being completed, the company said.
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There’s a $13 Billion International Battle Over Who Will Keep Your Pants Zipped

A look inside the ongoing zipper wars.

Style – Esquire

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Snapchat Files for $25 Billion IPO

Snap has confidentially filed paperwork for an initial public offering, a major step forward in plans for what would be one of the highest-profile share debuts in recent years.
WSJ.com: WSJD

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Snapchat Files for $25 Billion IPO

Snap has confidentially filed paperwork for an initial public offering, a major step forward in plans for what would be one of the highest-profile share debuts in recent years.
WSJ.com: US Business

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Samsung to Buy Auto-Parts Supplier Harman for $8 Billion

The South Korean smartphone maker said it would acquire the U.S. company in an all-cash deal that instantly makes Samsung a major player in the world of automotive technology.
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Samsung to Buy Auto-Parts Supplier Harman for $8 Billion

The South Korean smartphone maker said it would acquire the U.S. company in an all-cash deal that instantly makes Samsung a major player in the world of automotive technology.
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Severe Obesity Costs Medicaid $8 Billion Annually, Study Finds

And health care expenses for heaviest adults is nearly $ 2,000 more a year per patient
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Katy Perry’s ‘Dark Horse’ hits 1 billion views

Katy Perry’s ‘Dark Horse’ music video has delivered more than one billion views, officially making it 10X Certified.
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SALE! Stop Staring! 1940s Style Pink Billion Dollar Baby Wiggle Dress

SALE! Stop Staring! 1940s Style Pink Billion Dollar Baby Wiggle Dress


This tea length dress from Stop Staring features a wrap twist in the bust area; cap sleeves; and a curve-hugging fit. Finished with a back kick pleat for effortless movement.
List Price: $ 154.00
Price: $ 77.00