A family feud and employee revolt that tipped New England supermarket chain Market Basket into chaos ended late Wednesday with a deal to sell the company to its ousted CEO, Arthur T. Demoulas, according to a statement announcing the deal.
Industry
Apple working with NXP for pay-by-touch technology in new iPhone
Apple Inc is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications (NFC) technology into the next iPhone, which would enable the smartphone users to pay by touch, the Financial Times reported, citing people familiar with Apple's plans.
China's Wanda, Tencent, Baidu to set up $814 million e-commerce company
China's Dalian Wanda group and Tencent Holdings Ltd (0700.HK) said on Friday they would set up a 5 billion yuan ($814 million) e-commerce joint venture with Baidu Inc (BIDU.O), as the firms push into the high-growth e-commerce sector.
U.S. startups get OK for smartphone-based heart tracking
For a growing U.S. aging population, tracking heart health via a smartphone can mean the difference between life and death. This week, two Silicon Valley startups received a green-light from the U.S. Food and Drug Administration for mobile applications
New iPhones expected at Sept. 9 Apple event
Apple Inc invited media to a "special event" in its hometown of Cupertino, California, on Sept. 9, when the iPhone maker is expected to unveil the latest versions of its best-selling smartphones.
Latest News
Commodities trader and miner Glencore (GLEN.L) and Chinese nickel producer Jinchuan Group are the frontrunners to buy BHP Billiton's (BHP.AX)(BLT.L) Australian Nickel West division, two sources close to the situation said.
Hony Capital, one of China's biggest private equity firms, has agreed to buy a 15 billion yuan ($246 million) stake in Shanghai Jin Jiang International Hotels Development Co, the hotel company said on Thursday.
Dollar General Corp, the No.1 U.S. deep discount retailer, said it remained committed to acquiring rival Family Dollar Stores Inc and reported a 7.5 percent rise in quarterly sales.
The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.
China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion).
Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
Samsung Electronics Co Ltd on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver.
Microsoft Corp Chief Executive Officer Satya Nadella is set to visit China in late September, a source familiar with the matter said on Thursday, as the Chinese government conducts an antitrust investigation into the world's largest software company.
Lear Corp, a maker of auto seats and electrical power systems, said it would buy automotive leather supplier Eagle Ottawa LLC for $850 million to strengthen its core seating business and boost its luxury seats portfolio.
