Markets


Microsoft to acquire LinkedIn for $26.2B
- June 15, 2016

Microsoft dominated technology headlines on June 13 by announcing that it is in the midst of a deal valued at $26.2 billion to acquire LinkedIn , the Mountain View, Calif. While Weiner will have the ability to decide which specific aspects of LinkedIn and Microsoft to integrate, he will be partnering with Microsoft's Office 365 and its CRM and ERP Microsoft Dynamics teams on various products that can be integrated. (more...)
Microsoft To Acquire LinkedIn For $26.2 billion
- June 15, 2016

Microsoft CEO, Satya Nadella, believes that this deal will be beneficial for both companies. Microsoft today announced that it is acquiring LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn's net cash. (more...)
Brother of Orlando Shooting Victim Describes Seeing Sister's Final Video
- June 15, 2016

Al Nusra is an al-Qaida offshoot at odds with Islamic State. Alvear's family is in shock. The bloody rampage reverberated on the presidential campaign trail, where presumptive Republican nominee Donald Trump and Democrat Hillary Clinton, his likely opponent in the November 8 election, clashed over how to confront violent Islamist extremists. (more...)
Soccer Fans Detained by Police Face Court Over Euro 2016 Violence
- June 14, 2016

Marseille prosecutor Brice Robin has claimed that much of the violence involved around 150 "hyper-violent" Russian ultras who are "trained to fight" and moved quickly. A Moscow city lawmaker, Maxim Motin, told Dozhd television on Sunday that he witnessed the stadium violence in Marseille and "Russian fans did not do anything criminal or outside the limits". (more...)
Microsoft to buy LinkedIn for $26B
- June 14, 2016

According to the joint statement , LinkedIn will keep its "distinct brand, culture and independence". Reid Hoffman, the chairman, co-founder and controlling shareholder of LinkedIn has backed the deal , along with Weiner. Mark Hawtin, investment director at GAM, told CNBC's "Closing Bell" that he thought both companies benefited in the deal . LinkedIn could be worth every dime being paid by Microsoft , considering the fact that it is the largest network for professional groups ... (more...)
Tata Power arm signs SPA to acquire Welspun Renewables Energy Private Limited
- June 14, 2016

Tata is betting on renewable energy as Asia's third-largest economy has stepped up efforts to reduce dependence on thermal fuels such as coal in its bid to reduce pollution. AZB & Partners acted as the Legal Advisor for this transaction. Tata's renewable unit now has capacity of 294 megawatts. "This was a strategic decision taken by the company as we intent to increase our renewable energy portfolio to 20,000 MW by 2025". (more...)
Apple hits refresh on Apple Music UI
- June 14, 2016

You will also find a recently played tap, which will let you see all of the songs that you recently played. Here's the new landing page when you open the app. That's not a change I'm sure I can believe in, but as long as Connect isn't taking up useful navigation space, it might not be so bad. With the upgrade, the app has a cleaner look, and Apple says it will easier to find your music. (more...)
Film on drug problem in Indian Punjab cleared but with cuts
- June 14, 2016

On Friday , the court had pointed out that the CBFC was not empowered by law to censor films. But he said so in front of the media to gain publicity. It said that creative freedom need not be curbed unnecessarily and that no one should dictate to the filmmaker what he wants to put in the film. The revising committee then asked the filmmakers to effect 89 cuts, including the removal of word "Punjab" from the film. (more...)
'Conjuring 2' scares up $40.4M, breaking sequel slump
- June 14, 2016

Expectations over US performance have been tamped down in recent weeks for "Warcraft", Legendary and Universal's video game adaptation, which carries a hefty $160 million budget. Duncan Jones , the director of " Warcraft ", took to Twitter on Friday to defend his film against the critical reaction. " The Conjuring 2 " and "Now You See Me 2" had solid weekends at the overseas box office in their own right. (more...)
More Siri for Mac insight or Finder app for iOS 10
- June 13, 2016

Over the past couple of years, Siri has made its way to more Apple devices, but it's yet to arrive on Macs. Sources suggest that Apple may make changes to the user interface before the app is finally launched. But we can expect a glimpse at the upcoming iOS 10 as well as the latest OS X, which reports say will be rebranded to macOS. If this report is true, it would mark the first time that the service is opened up beyond Apple-branded hardware. (more...)
Takata Airbag Recall Expands To Include 4.3 Million Fiat Chrysler Takata Airbag Recall Expands To Include 4.3 Million Fiat Chrysler "Details"
- June 13, 2016

Responding to their Democratic colleague's report, U.S. Sens. "Now that is simply unacceptable", said Nelson, D-Fla. Toyota Motor Corp 7203.T , Fiat Chrysler Automobiles NV, Volkswagen AG and Mitsubishi Motors Corp 7211.T are still selling new vehicles with defective air bags that will eventually need to be recalled, according to a report by a US lawmaker overseeing the agency handling the largest-ever auto safety recall. (more...)
Rajan to announce RBI monetary policy review on Tuesday
- June 13, 2016

Reserve Bank of India (RBI) Governor Raghuram Rajan attends a news conference after their bimonthly monetary policy review in Mumbai , India, June 7, 2016. This is probably the first time since the liberalisation of the economy began in 1991 that the prospects of the financial markets and industry have seemingly become so inextricably linked with the office of the RBI governor, or rather, who's in it. (more...)
Virginia Democrats Call for Republicans to Repudiate Trump's Comments on Judge Virginia Democrats Call for Republicans to Repudiate Trump's Comments on Judge
- June 13, 2016

The two most powerful Republican leaders-Speaker of the House Paul Ryan and Senate Majority Leader Mitch McConnell-have condemned Trump's statement , but not Trump's candidacy. "We need strong temperament", Trump said . "We have people who don't know what the hell they're doing running our country". In March, Trump told the New York Times , "Tom Brady is a great friend of mine". (more...)
Oil Prices Double From February Lows
- June 13, 2016

Around 1120 GMT, Brent for delivery in August was slightly off the high at $51.04 but still a rise of 49 cents compared with Monday's close. Global benchmark Brent crude futures LCOc1 rose to the highest level since October 12, up 32 cents at $51.76 a barrel at 0835 GMT. (more...)
Automakers still selling new cars fitted with faulty Takata airbags
- June 12, 2016

A Senate report released today on the ongoing Takata airbag debacle reveals that four automakers are still selling (or, inexplicably, plan to sell) vehicles equipped with airbags that are certainly defective. The airbag inflators have been tied to at least 13 deaths and 100 injuries worldwide. Since last week alone, 15 automakers already recalled 16.4 million vehicles in the United States. (more...)
GM Disputes Need to Recall Its Takata Airbag Inflators GM Disputes Need to Recall Its Takata Airbag Inflators
- June 12, 2016

As part of the continued expansion of the Takata airbag recall, Ford has announced they are recalling almost 1.9 million vehicles. All this comes just one day after a Senate report said four auto makers were selling some new vehicles equipped with defective Takata inflators. (more...)
South Korea sends military vessels to repel Chinese boats South Korea sends military vessels to repel Chinese boats
- June 12, 2016

June is a high season for catching blue crab in the largely untouched fishing ground, tempting Chinese fishermen to intrude into the militarily sensitive border areas between the Koreas. The Navy and maritime police, together with the UN Command, resumed their joint operation Saturday to drive out Chinese boats still lingering in nearby waters. (more...)
New vehicles sold with defective airbags
- June 12, 2016

As with all of yesterday's recalls, GM's involve Takata's passenger-side airbags, which use ammonium nitrate to inflate the devices during collisions. GM also continues its close monitoring and study of the performance of Takata airbag inflators in its vehicles in the field. Driver-side airbag inflators are not included in this recall. (more...)
Some new cars still have defective Takata airbags
- June 12, 2016

GM says that because this is a preliminary announcement, and because the recall will be done by zones (as were many of those from Infiniti, Mazda, Mitsubishi, Nissan, Infiniti, Saab, and Subaru), it doesn't have accurate data on the number of vehicles affected. (more...)
Author: Secret Service Hillary Tell-All Should Be Believed Author: Secret Service Hillary Tell-All Should Be Believed
- June 12, 2016

Byrne says he saw "a light blue vase smashed to bits" after the Clintons had "a big argument that ended in a crash" in 1995. "The American people are smart enough to vote for Hillary and not allow someone like Donald Trump to become our president, it's a scary thought [if he were to win]", said Clinton supporter Alan House. (more...)

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