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June, 29, 2016

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Business > Company Focus
Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.
 
South Korea's Lotte Group said Monday it was scrapping an initial public offering worth almost US$4 billion amid a widening investigation into alleged embezzlement by its founding family.
 
Exchange-traded funds (ETFs) are being offered on the Hong Kong Stock Exchange for the first time.
 
Goldman Sachs, known for financing mega-deals and servicing the ultra-wealthy, is now open to the general public. And its interest in the average American appears to be mutual as thousands of consumers have flocked to its new retail banking service.
 
Inotera Memories Inc. (華亞科), a Taiwan-based leading DRAM chip-maker, said Monday that a deal in which U.S. counterpart Micron Technology Inc. will buy a stake in the Taiwanese firm is proceeding.
 
'Star Trek' actors take series' first VR game for a spin
It looks like the trippiest episode of "Star Trek" ever created.
 
Samsung in biosimilar drugs race to market
As Samsung Bioepis raced to be first to market with a copy of Enbrel, a blockbuster rheumatoid arthritis drug, countdown clocks reminded workers -- heading for lunch, meetings or even the washroom -- of the days to the first mass production run.
 
Mediators on Sunday called striking Swedish pilots and employer representatives to the negotiating table, the SAS airline said on the third day of a walkout over wages that has left 50,000 passengers stranded and cost the carrier millions.
 
Gawker files for bankruptcy, to sell itself to Ziff Davis
Gawker Media is filing for Chapter 11 bankruptcy protection and putting itself up for sale, strained by a jury's verdict that that it must pay $140 million to pro wrestler Hulk Hogan in an invasion-of-privacy lawsuit.
 
Hackers selling stolen Twitter log-in data
Tens of millions of stolen Twitter credentials evidently lifted from web browser programs were put up for sale online, according to a search engine devoted to leaked data.
 
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