Airbnb Valued at $10 Billion

Related Link: 

A group led by private-equity firm TPG finalized an agreement to invest $450 million in Airbnb, valuing the home-rental site at $10 billion.

Verizon, AT&T May Face Bidding Limits in Spectrum Auction

Related Link: 

FCC Chairman Tom Wheeler said a portion of the high-quality wireless airwaves coming up soon for auction should be reserved for smaller carriers.

Google Hit by Expired R&D Tax Credit

Related Link: 

First-quarter corporate earnings are getting clipped after Congress allowed a key tax credit to expire at year-end. Google is among the latest to cite the expired research-and-development tax credit for affecting its financial results.

Supreme Court Denies Teva Patent Stay

Related Link: 

U.S. Chief Justice John Roberts refused Friday to block a lower-court ruling that invalidated Teva Pharmaceutical's patent for the multiple sclerosis drug Copaxone.

'My Father Is Going to Die From Red Tape'

Related Link: 

A patent dispute between Medtronic and Edwards Lifesciences over a potentially lifesaving artificial heart valve is prompting a scramble among doctors and hospitals to treat desperately ill elderly patients before a court injunction curtails sale of one of the devices.

Exxon CEO Tillerson Withdraws From Lawsuit

Related Link: 

Exxon Mobil Chief Executive Rex Tillerson has withdrawn from a lawsuit seeking to demolish a water tower near his horse ranch in north Texas.

Gillette's New Weapon in Razor Arms Race

Related Link: 

Procter & Gamble is set to roll out its latest weapon in the fight for men's faces—a razor featuring a swiveling ball-hinge that allows the blade to pivot and comes with a high-end price.

Lawsuits Over Lululemon Pants Are Deemed Too Flimsy

Related Link: 

A U.S. judge has dismissed lawsuits that accused Lululemon Athletica Inc. and some executives of defrauding shareholders by concealing quality issues of yoga pants that were deemed too transparent.

Three Beam Executives to Resign Ahead of Suntory Takeover

Related Link: 

Beam Inc. disclosed Friday its chief financial officer and two other executives have announced their intention to resign as the company nears its merger with Suntory Holding.

J.P. Morgan Shuffles Asia Chief

Related Link: 

The chairman and chief executive in China for J.P. Morgan Chase, Shao Zili, is set to leave those roles and become its vice chairman for the Asian-Pacific region. This marks second major change in the bank's China leadership in the past month.

Syndicate content