Walt Disney Co. said Monday it has reached a deal to acquire Marvel Entertainment Inc. for $4 billion in cash and stock ($50 a share). With the news Marvel (MVL) shares were up 25% in midday trading, at $48.30 while Disney (DIS) shares were down 3.7% at $25.88.
With this deal Disney will acquire ownership [...]
Apple Inc. (AAPL) and China Unicom (CHU) announced plans to launch the iPhone in China later in the year. This would be a three-year deal for the iPhone to make its debut in China.
China Unicom, China’s second largest telecoms operator, said it would increase its budget for handset subsidies to 37 percent from 30 [...]
Michael Jackson’s death was ruled a homicide caused by lethal dosage of drugs, specifically “acute propofol intoxication” along with benzodiazepine effect as a contributing factor, the Los Angeles Country Coroner said. Other sedatives contributed to the death are Lorazepam, midazolam, diazepam, lidocaine and ephedrine.
Jackson’s physician, Dr. Conrad Murray, told police he gave the performer Propofol [...]
Jaycee Dugard, who was kidnapped at the age of 11 in 1991, has been found alive. She has spent 18 years living in sheds and tents behind the home of her abductor.
Dugard had been missing since 1991 where she was abducted by two people in a gray sedan while walking to a bus stop [...]
Qualcomm (QCOM) is rumored to be working on an iPhone sized device that will broadcast the company’s mobile FLO TV. The device is said to feature touchscreen, Multitouch interface, 4GB of memory, built-in stereo speakers, and about five hours of video, fifteen hours of music, or three hundred stand-by hours.
MediaFLO (also branded as FLO TV) [...]
U.S. Senator Edward Kennedy passed away late on Tuesday at the age of 77. Senator Kennedy was one of only six senators in U.S. history to serve more than 40 years.
Senator Kennedy was of the most influential and longest-serving senators in U.S. history and will be greatly missed. Kennedy had been battling brain cancer, which [...]
The U.S. Postal Service offers $15,000 buyouts to about 30,000 workers to cut costs. The post office says it could save as much as $500 million next year.
The offer is open to those eligible for retirement and early retirement and also includes employees in select positions, such as retail clerks, distributors and mail handlers [...]
Apple’s (AAPL) Snow Leopard will be available starting August 28th as a $29 upgrade for Leopard users.
For Mac OS X Tiger users, the Mac Box Set, which includes Mac OS X Snow Leopard, iLife ‘09 and iWork ‘09, will cost $169.
The upgrade includes built-in support for Microsoft Exchange servers, a 64-bit kernel and drivers, [...]
The idea was simple, Apple CEO Steve Jobs tried to make a deal with former Palm executive Ed Colligan to swear off hiring each others employees. Jobs was concerned after Palm hired former Apple executive Jon Rubenstein, who lead Palm’s development of the Palm Pre.
Jobs was worried about losing key Apple employees to Palm and [...]
UBS AG (SWX:UBSN) agrees to hand over 4,450 client names to the United States where the U.S. tax authorities will administer a criminal investigation into Americans who use Swiss Bank accounts to hide their assets offshore to avoid paying taxes.
IRS Commissioner Douglas Shulman said, “Wealthy Americans who have hidden their money offshore will find themselves [...]