SONNY SMITH

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Wanda goes to Hollywood: China tycoon's firm buys film studio Legendary for $3.5 billion

BEIJING (Reuters) - Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China’s richest man steps up a drive to diversify his business empire overseas.<p>At a news conference in Beijing …

Japan’s Asahi plans £2bn bid for Peroni and Grolsch beers

Grolsch and Peroni are being off-loaded by Anheuser-Busch InBev, as part of its mammoth takeover of FTSE-100 brewer SAB Miller, dubbed “Megabrew”<p>Japanese beverage maker Asahi is planning to wade into the bidding for Grolsch and Peroni, with a £2.4bn bid for the popular European beer brands, the …

Chinese Fashion Site Mogujie Acquires Meilishuo In $3 Billion Deal

Chinese fashion start-up Mogujie is taking over rival Meilishuo in hope of having better luck at fundraising, as investors became cautious about putting money in their cash-burning operations amid the country’s stock market volatility and fierce competition.<p>Mogujie, which means Mushroom Street in …

New Sleep Number technology watches you while you're awake, too

Not only does the newest Sleep Number "It" bed analyze how you sleep, it also keeps track of what you do during the day and tells you how to maximize …

APIs

Comcast just had a major breakthrough that could mean superfast internet

AP<p>Comcast announced this week that it has successfully tested the world's first DOCSIS 3.1 modem in Philadelphia.<p>That probably sounds like a …

Telecoms

Sony buys Toshiba's image sensor business for $155 million

Sony has announced that it's buying Toshiba's image sensor business for 19 billion yen ($155 million). Plans to do so were first rumored in October, but Sony has now confirmed the price, with the transfer of Toshiba's fabrication plant, equipment, and employees set to be completed within the fiscal …

Zuckerberg says he isn't dodging taxes by donating his fortune

Shortly after Facebook CEO Mark Zuckerberg announced that he and his wife Priscilla Chan pledged to give away 99 percent of their shares in the company to support charitable causes, he was accused of attempting to dodge billions in taxes.<p>That’s because Zuckerberg chose to pour his funds into a …

Congress revives the Export-Import Bank; establishment win

WASHINGTON (AP) — In a victory for the business establishment over tea party conservatives, President Barack Obama signed legislation Friday reviving …

Tea Party

Max Zuckerberg Just Made A $45 Billion Marketing Move

Mark Zuckerberg is giving 99% of his shares in Facebook to charity. Valued at around $45 billion, it was only fitting that he decided to make the announcement on Facebook. What’s more interesting is that he tied his commitment to the birth of his daughter, Max.<p>In an open letter to his newborn, the …

Earth's underground water quantified

<b>The total amount of groundwater on the planet, held in rock and soil below our feet, is estimated to be 23 million cubic km.</b><p>If this volume is hard to visualise, imagine the Earth's entire land surface covered in a layer some 180m deep.<p>The new calculation comes from a Canadian-led team and is …

Geoscience

Silicon Valley granddaddy HP readies breakup

Hewlett-Packard on Sunday officially splits into two entities, opening a new chapter for the US technology legend.<p>The computer colossus is being divided into HP Enterprise, focusing on software and business services, and HP Inc, which will keep the personal computer and printer operations.<p>The aim …

Silicon Valley

This clothing company whose CEO is richer than Warren Buffett is blowing the competition out of the water

Inditex, the fast-fashion retailer's parent company based in Spain, recently said profits in the first quarter jumped by a whopping 28%. Sales were up by an impressive 14%.<p>Zara's mysterious founder, Amancio Ortega, is now the world's second-richest man— surpassing even Warren Buffett.<p>The retailer, …

Abercrombie & Fitch

'Shark Tank' star Kevin O’Leary: Entrepreneurs must be willing to miss their kid's birthday party

There's no question that "Mr. Wonderful" enjoys embracing this persona for television, but it's still representative of the pragmatic business philosophy he's used to build his career.<p>And it's why, he told Business Insider, he only invests in entrepreneurs he believes will deliver results and not …

Entrepreneurship

10 Wise Choices Today That Will Lead to a Successful Future

This is your life--choose it and shape it now to have the life you want in the future.<p>When life gives us an opportunity to choose, remember to make the choices that your future self would thank you for today.<p>Business decisions, options to weigh, leadership principles to stand by--in every case, you …

Woz admits Steve Jobs wasn’t always a nice guy

Steve Jobs will be remembered as much for his negative personality traits as for his marketing genius, says Steve Wozniak in a new featurette for the upcoming movie, <i>Steve Jobs</i>.<p>The Woz waxes nostalgic about his friend and co-founder of Apple as his own recollections are interspersed with scenes and …

Silicon Valley

Kobe Bryant, Metta World Peace are worried for their friend Lamar Odom

<b>Kobe Bryant</b> and <b>Metta World Peace</b> have been left downcast by the serious medical situation of former<p>Lakersteammate <b>Lamar Odom</b>.<p>Odom remains hospitalized in Las Vegas after he collapsed in a Nevada brothel and was found unconscious after ingesting what officials said were sexual stimulants, cocaine and …

China home to more billionaires than the US

The number of Chinese billionaires eclipses those in the US for the first time, according to the Hurun Report<p>China has eclipsed the United States as home to the world’s highest number of billionaires, according to a new report.<p>Despite China's economy cooling in recent months, the number of …

Tesla's first SUV, the Model X, is finally hitting the road

FREMONT, Calif. (AP) — Electric vehicle maker Tesla Motors has mastered the sporty two-seater and the elegant sedan. Now, it wants to conquer the …

Tesla

'Ingredients': An Eye-Opening Look At The Additives In Our Food

We may eat a lot of food additives, but most consumers know very little about them. These often misunderstood substances go by unwieldy names like "diacetyl" or "azodicarbonamide." They are in everything from salad dressings to Twinkies. But how many of us actually know what they look like or, more …

10 Things To Do To Change Your Life Forever

<i>“Change is the law of life. And those who look only to the past or present are certain to miss the future”</i><br>~ John F. Kennedy<p>The one constant thing in …

Motivation

Uber Driver Is an Employee Rules California Agency in Blow to On-Demand Economy

Uber has lost another legal round in the dispute over whether its drivers are independent contractors or employees, an issue that threatens the core …

Video of Sandra Bland's arrest shows argument with police officer

Sandra Bland, who was arrested for failure to signal a lane change, was found dead in her police cell<p>A US police dashboard video released on Tuesday shows how a routine traffic stop escalated into a shouting confrontation between a Texas state trooper and a black woman who was later found dead in …

Justice

Citigroup will refund $700 million for deceptive practices

The order, coming from the Consumer Financial Protection Bureau, is the latest multimillion dollar settlement against the largest credit card issuers for their role in selling "add-on" products to customers, such as credit score monitoring or "rush" processing of payments. Bank of America reached a …

N Korea 'upgrading launch tower for long-range rocket'

North Korea has erected a new, taller launch tower at its missile base, possibly in preparation for firing a long-range rocket to mark an important national anniversary in October, South Korea's Yonhap news agency has reported.<p>The 67-metre tower will be able to accommodate the launch of a …

Nike Air Max 95 OG "Neon"

Nike brings back the “Neon” 95 to celebrate its 20th birthday.<p>Nike Sportswear is set to resurrect the “Neon” colorway of the Air Max 95 in …

Spotify account leads cops to alleged child abductors

Authorities tracked down two children in Mexico thanks to their alleged abductors' Spotify habit, according to the <i>Coloradoan</i>. The 4- and 6-year-old girls were reportedly taken from Colorado by Peter Barr and Brittany Nunn after Nunn, their mother, lost a custody battle in court. Authorities were …

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