Chinese bidders are circling a diabetes care business owned by the world’s largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters. New Brunswick, N.J.-based J&J said in January last year it was evaluating options for its diabetes care companies, specifically LifeScan, […]
Read moreApple just announced on Wednesday it will bring back hundreds of billions of dollars from overseas to fund investment in the U.S. “Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest […]
Read moreU.S. grocers are playing catch up. Held back by razor-thin profit margins, which have made investing difficult, grocery retailers have lagged behind their peers in Europe and parts of Asia in making strides with technology that reduces the time shoppers spend navigating aisles, ringing up purchase and bagging items. But then Amazon showed up and […]
Read moreApple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy. The headline from Apple is that it will “contribute” $350 billion to the U.S. economy over the next five years, although it’s unclear exactly how the company came to that number. But the company promised to create […]
Read moreIt’s not Apple’s fault that you feel enslaved by your phone. But the company that gave the world the modern smartphone has a perfect opportunity this year to create a brave and groundbreaking new take on that device: a phone that encourages you to use it more thoughtfully, more deliberately — and a lot less. […]
Read moreBitcoin is on track to become a “valid,” “real” investment vehicle to hold in a portfolio — not a game for day-traders, according to advocate James Altucher. “Bitcoin is not a penny stock — it’s not something you buy one day and sell the next day for little gains. You have to be a long-term […]
Read moreJohn Chambers, the ex-CEO of Cisco who spent 20 years running the networking giant before stepping down in 2015, is turning his attention to venture capital. The self-funded firm, JC2 Ventures, will back at least a dozen companies that have the potential to go public, according to multiple media reports. Chambers will focus on areas […]
Read moreA bright and loud fireball in the sky over Detroit on Tuesday night was a falling meteor. At about 8:10 p.m. ET witnesses in Michigan and several surrounding states reported hearing a loud boom and a brief blazing flash in the sky, said the American Meteor Society. Footage from dash cams showed the blast. Tweet […]
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Easy come, easy go. The stocks that rode bitcoin’s rise higher are now plunging as the digital currency falters. The price of bitcoin is down nearly 50 percent in the past month and down more than 20 percent in a day to $9,600, according to exchange Coinbase. Bitcoin is still up more than 900 percent […]
Read moreBitcoin and other digital currencies won’t entirely replace traditional currencies like dollars, venture capitalist Joyce Kim told CNBC on Wednesday. The SparkChain Capital co-founder said on “Squawk Box” that she does not believe “the tokens will become the money of the future for every single person for every transaction.” Kim, whose firm invests in blockchain […]
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