Chinese entertainment giant Dalian Wanda will be keeping $1 billion in its pocket after a proposed deal to purchase Dick Clark productions fell through. [More]
not gonna happen
Fiat Chrysler’s one-sided love affair with General Motors goes back nearly two years, when CEO Sergio Marchionne declared he wanted to hug the rival carmaker so hard they just became one. Despite this, GM has resisted any notion of a merger deal, and no matter how many times GM swipes left on FCA’s Tinder profile, FCA keeps holding out hope for wedded bliss. [More]
Six months after the U.S. Department of Justice and attorneys general from eight states and the District of Columbia sued to stop the merger of insurance giants Aetna and Humana, the federal judge in the case has blocked the deal from moving forward. [More]
Mylan CEO Heather Bresch has already made one trip to Capitol Hill to answer questions regarding the skyrocketing price of the emergency epinephrine injectors, but it looks like the company won’t be making a repeat outing to talk with lawmakers. [More]
There have been several rumors circulating in the retail world recently when it comes to Neiman Marcus: the company is looking for a buyer, or that Karen Katz, the retailer’s top executive, is headed for the exit. However, Katz has publicly declared that, contrary to the whispers, she’s not going anywhere. [More]
Last month, Senators Diane Feinstein of California and Richard Burr of North Carolina were set to bring forth legislation that would end the debate on whether companies like Apple should help law enforcement unlock users’ devices, by requiring them to do so. In spite of the bipartisan, high-level sponsorship and the spotlight of the disputes between Apple and the Justice Department, it looks like this controversial legislation may never even be formally introduced. [More]
Even as lawmakers in Oklahoma sign off on a ridesharing service bill that removes protections for gay and transgender passengers, Uber has made it clear that changes to state laws will not alter its anti-discrimination policy.
Just because something is new, doesn’t necessarily always mean it’ll have the newest technology — perhaps because it’s because that technology still needs to prove itself or there’s really not a need for it yet. That appears to be the reason behind Apple’s reported decision not to have its new Apple TV support 4K streaming video.
Ever since Japan-based SoftBank took control of Sprint, the company has been standing outside of T-Mobile’s window with a boom box held over its head, trying to woo the magenta-hued wireless company by claiming that the only way they could both survive is if they were together forever as one. But that all came to an end yesterday, when Sprint’s arms got sore, as the company decided to pack up its boom box and went home alone. [More]
The summer heat wave is blasting people across the country, but don’t let your fried brain trick you into believing a new scam spreading across the country. For example, Dayton Power & Light in Ohio says customers have been calling in to report a trickster who’s telling people President Obama will pay their utility bills as part of a bailout plan.