'Fast Money' Recap: Music to the Market's Ears?
at The Street - 20 mins ago
The trading panel looks at Apple's purchase of Beats Electronics.
White and male, Google releases diversity data
By MARTHA MENDOZA - AP - Thu May 29, 12:09AM CDT
SAN JOSE, Calif. (AP) — In a groundbreaking disclosure, Google revealed how very white and male its workforce is — just 2 percent of its Googlers are black, 3 percent are Hispanic, and 30 percent are women.
5 things to know about Apple's duet with Beats
By MICHAEL LIEDTKE - AP - Wed May 28, 11:37PM CDT
CUPERTINO, Calif. (AP) — Apple CEO Tim Cook looked like he wanted to dance Wednesday as he discussed his company's $3 billion acquisition of Beats Electronics. The deal, by far the most expensive in Apple's 38-year history, will give the iPhone and iPod maker a line of trendy headphones known for their hip appearance and thumping bass sound.
Apple adds more swagger with $3B Beats acquisition
By MICHAEL LIEDTKE and RYAN NAKASHIMA - AP - Wed May 28, 11:36PM CDT
CUPERTINO, Calif. (AP) — Apple is buying more flair, swagger and song-picking savvy with its $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist founded by rapper Dr. Dre and Jimmy Iovine, one of the first recording executives to roll with the hip-hop culture.
Apple's Beats buy joins tech and street-wise style
By BARBARA ORTUTAY - AP - Wed May 28, 11:35PM CDT
NEW YORK (AP) — Beats Electronics' colorful, oversized headphones serve as a fashion accessory to cool kids riding the New York City subway, but as tech companies such as Apple, Samsung and others are discovering, wearable gadgets like smartwatches and Google Glass still have a long way to go to become trendy, must-have consumer items.
Apple Buys Beats and DSW Gets Stomped
Jeremy Bowman, The Motley Fool - Motley Fool - Wed May 28, 9:00PM CDT
The S&P 500's two-day record-setting streak came to a close today as stocks finished slightly down as investors seemed to take the opportunity to take some profits off the table on a day with no major economic news. The Dow Jones Industrial...
Here's How Beats Music Could Boost Apple, Inc. Stock
Tim Beyers, The Motley Fool - Motley Fool - Wed May 28, 7:30PM CDT
By now, you've heard the arguments against a $3 billion purchase of Beats Music. I'm still on the fence, but I could envision a scenario where Beats would not only be a nice fit but also a boost to Apple, Inc . stock. Source: Beats Music. ...
Smartphone sales seen cooling
at Investor's Business Daily - Wed May 28, 5:51PM CDT
Market research firm IDC expects global shipments of 1.24 bil units in '14, up 23.1% from '13. Total volume will reach 1.81 bil units in 2018, resulting in a far-slower 12.3% compound annual growth rate from '13 to '18, IDC says. Much of the growth...
Intel will lose $740 mil
at Investor's Business Daily - Wed May 28, 5:50PM CDT
Intel will lose $740 mil in '17 revenue while ARM (ARMH) would get $7 mil a year in '17 royalties should Apple (AAPL) switch to ARM processors from Intel (INTC) chips for its personal computers, said FBR analyst Christopher Rolland. Intel shares rose...
Apple hopes to lift street cred with $3B Beats buy
By MICHAEL LIEDTKE and RYAN NAKASHIMA - AP - Wed May 28, 5:19PM CDT
CUPERTINO, Calif. (AP) — Apple is striking a new chord with a $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist that also brings the swagger of rapper Dr. Dre and recording impresario Jimmy Iovine.
Business Highlights
By The Associated Press - AP - Wed May 28, 5:18PM CDT
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Final Glance: Computer companies
AP - Wed May 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top computer companies were mixed at the close of trading:
Apple Acquires Beats for $3B
at The Street - Wed May 28, 4:12PM CDT
Apple has agreed to buy Beats Electronics for $3 billion in cash and stock, as the consumer electronics giant makes a historic purchase, bringing another major brand under its umbrella for the first time.
Tim Cook Just Took Apple Away From Steve Jobs
at The Street - Wed May 28, 4:10PM CDT
With the Apple, Beats deal done, Cook will execute Apple's digital music strategy, getting it right where Jobs got it wrong.
How Will Apple (AAPL) Stock React To Beats Electronics Acquisition News
at The Street - Wed May 28, 4:09PM CDT
Apple (AAPL) confirmed a deal to purchase Beats Electronics for $3 billion on Wednesday.
Stocks End Lower; Palo Alto, Toll Rise After Hours
at Investor's Business Daily - Wed May 28, 3:58PM CDT
Stocks ended slightly lower Wednesday as the S&P 500 edged off a record high set the previous day. The Nasdaq and Dow Jones industrial average eased 0.1% while the S&P 500 slipped. Volume was mixed, ending slightly lower on the Nasdaq and a bit...
Apple to Acquire Beats Music & Beats Electronics
Business Wire - Wed May 28, 3:30PM CDT
Apple(R) today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.
Avago Technologies Facing High Expectations For Q2
at Investor's Business Daily - Wed May 28, 3:09PM CDT
Avago Technologies (AVGO), a maker of radio-frequency chips for Apple and Samsung smartphones, is facing high expectations for its fiscal second-quarter earnings report, due out late Thursday. Singapore-based Avago is trading just off its all-time...
The Apple You Don't See Is Just as Important as the One You Do
Travis Hoium, The Motley Fool - Motley Fool - Wed May 28, 2:46PM CDT
The Apple you see in commercials and in Apple Stores is just a fraction of the company from Cupertino, Calif. A vast majority of CEO Tim Cook's time is spent making decisions on design and manufacturing of the products that eventually make it into...