Coverage: Foxconn and Sharp agree to $3.5 billion deal
The Foxconn Technology Group board agreed Wednesday to purchase struggling Japanese electronics company Sharp Corp. for about $3.5 billion. The decision comes one month after the Taiwanese electronics assembler pressed pause on its original offer after discovering some of Sharp’s potential liabilities. Takashi Mochizuk, Eva Dou and Wayne Ma of The Wall Street Journal had the […]
Coverage: FBI hacks into phone without Apple’s help
The Federal Bureau of Investigation announced Monday it successfully opened a mass shooter’s iPhone with the use of a mysterious, third-party method, ending a two month battle between the government agency and technology giant Apple. The announcement might end the FBI’s need to open the phone, but for the time being, it appears its public sparring with Apple […]
Coverage: Microsoft in talks to buy Yahoo’s core business
After two failed attempts in the past, Microsoft might take a third stab at acquiring part of struggling tech giant Yahoo. The news comes just days after activist investor Starboard Value announced its intentions to have the entire Yahoo board overthrown. Sarah McBride of Reuters had the weekend’s news: Microsoft Corp executives are in early talks with […]
Coverage: Starboard Value plans to dismantle Yahoo’s board
Marissa Mayer is having a tough Thursday, upon the revelation that hedge fund Starboard Value LP was working to remove the entire Yahoo Inc. board of directors, putting the company at risk of a difficult proxy fight. David Benoit and Douglas Macmillan of The Wall Street Journal first reported the day’s news: Hedge fund Starboard Value […]
Coverage: Amazon sues Target-bound former executive
Arthur Valdez worked for Amazon for 16 years before accepting a job with Target, but his dealings with the Seattle-based company are far from over. On Tuesday, Amazon sued Valdez for breaching his non-compete contract and accused him of revealing trade secrets during his interview process with Target. Phil Wahba of Fortune had the day’s […]
Coverage: U.S. says it may bypass Apple’s help in unlocking iPhone
In another twist in its case against tech giant Apple, the U.S. government announced Monday that it might not need the company’s help after all in unlocking the San Bernardino shooter’s iPhone. The Justice Department said a third party has demonstrated to the F.B.I. a potentially viable way to work around the phone’s encryption. Katie […]
Coverage: Sherwin-Williams merges with Valspar in $11.3 billion deal
The mergers and acquisitions market just got a bit more colorful. Sherwin-Williams and Valspar, two of the nation’s biggest paint companies, agreed to merge in an $11.3 billion deal. Ben McLannahan and James Fontanella-Khan of The Financial Times had the day’s news: Sherwin-Williams and Valspar, two of the biggest names in the US paint industry, […]
Coverage: Report says Jessica Alba’s Honest Co. uses banned ingredient
The Honest Company is under fire again. The company, which was co-founded by Jessica Alba, boasts about its “safe” products and even goes so far as to list ingredients it deems unsafe, but an investigation by The Wall Street Journal revealed the company uses one of its forbidden ingredients in its laundry detergent. Serena Ng […]
Coverage: Volkswagen’s U.S. CEO Michael Horn is out
Michael Horn was Volkswagen’s public face in the early days after its highly-publicized emissions scandal broke, but now the German automaker’s top U.S. manager is out. The company disclosed in a filing Wednesday that Horn left the company and will be replaced by Hinrich Woebcken. John Stoll and Mike Spector of The Wall Street Journal had the day’s news: […]
Coverage: Maria Sharapova’s ban has her sponsors running
It was just Monday that Maria Sharapova admitted to failing her drug test at the Australian Open for her use of the drug meldonium, but her biggest sponsors are reacting fast but suspending ties with the now banned tennis star. The loss in sponsorship income could cost Sharapova, who is the highest-paid female athlete, according […]
