Forrest Conner

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Spotify eyes IPO for the fall, report says

Spotify might soon join competitor Pandora as a public company, a new report claims.<p>Spotify has held informal talks with banks and could be marching towards an initial public offering (IPO) set for this fall, Quartz reported on Thursday, citing people who claim to have knowledge of its plans. …

Wall Street

Facebook aims to connect the world with 'drones, satellites and lasers'

Following the hubbub of its recent acquisition of virtual reality firm Oculus VR, Facebook has just announced something slightly more altruistic: a team dedicated to bringing basic internet access to everyone in the world. Simply dubbed the Connectivity Lab, the crew is a result of Internet.org, a …

World's 10 bestselling prescription drugs made $75bn last year

The world's 10 bestselling prescription drugs raked in $75.6bn of sales last year, led by Humira and other treatments for rheumatoid arthritis and autoimmune diseases.<p>The majority are now biologics – created by biological processes, rather than being chemically synthesised – with immunotherapy and …

Whole Foods Is About To Start Brewing Its Own Beer

North America's 360-some Whole Foods Markets already sell beer made by more than 500 different breweries. But one location set to open on Houston's Post Oak Boulevard this summer plans to pour beer under a label never before sold at Whole Foods, or anywhere else: its own.<p>Last week, the Austin-based …

REPORT: Wal-Mart Suing Visa For $5 Billion Over Unreasonably High Fees

The retail giant is accusing the credit-card behemoth of violating antitrust statutes by setting uncompetitive swipe fees.<p>"The anticompetitive conduct of Visa and the banks forced Wal-Mart to raise retail prices paid by its customers and/or reduce retail services provided to its customers as a …