TPG-LED INVESTMENT PUTS AIRBNB'S VALUE AT $10 BILLION
A group led by private-equity firm TPG has finalized an
agreement to invest more than $450 million in Airbnb Inc., valuing
the home-rental site at $10 billion, according to people familiar
with the situation. (published 2318 GMT Sunday)
MCDONALD'S FACES SHARPER COMPETITION IN BREAKFAST BATTLEGROUND
Breakfast is the battleground du jour in the restaurant
industry, with everyone from Taco Bell to White Castle piling on.
For McDonald's Corp., the pioneer of fast-food breakfast, it is one
more area where rivals are gaining traction on its turf. (published
2359 GMT Sunday)
CHIEF JUSTICE WON'T BLOCK RULING ON TEVA PATENT
U.S. Chief Justice John Roberts refused Friday to block a
lower-court ruling that invalidated Teva Pharmaceutical Industries
Ltd.'s patent for the multiple sclerosis drug Copaxone while the
Israeli drug maker pursues an appeal to the Supreme Court.
(published 2345 GMT Sunday)
APPLE, GOOGLE VIE TO OFFER EXCLUSIVE GAME APPS
A long-running battle between Apple Inc. and Google Inc. for
mobile dominance is spreading to the most lucrative genre of apps:
videogames. (published 2348 GMT Sunday)
TECH GIANTS COLLUDED ON WAGES, SAY DOCUMENTS
Some of tech's biggest names -- Steve Jobs, Eric Schmidt, Sergey
Brin, Bill Campbell -- conferred and squabbled and made peace
privately for years, documents in a current Silicon Valley
antitrust case reveal. (published 2341 GMT Sunday)
POM HEADS TO COURT OVER JUICE MARKETING
Pomegranate-juice maker POM Wonderful LLC is making a splash in
court, playing offense and defense, respectively, in two closely
watched cases that could affect how food companies promote their
products. (published 0022 GMT)
VERIZON, AT&T ARE FACING SPECTRUM BIDDING LIMITS
The nation's top telecommunications regulator said a portion of
the high-quality wireless airwaves coming up soon for auction
should be reserved for smaller carriers, signaling that industry
giants Verizon Communications Inc. and AT&T Inc. will face
limits on their ability to bid. (published 2340 GMT Sunday)
RICHARD BRANSON SLOW TO GET VIRGIN HOTELS OFF THE GROUND
Billionaire entrepreneur Richard Branson made headlines in 2010
when he boasted that Virgin Hotels, his new boutique hospitality
brand, would shake up the industry. The first property was
projected to open within 18 months, with up to two dozen more
operating within seven years. (published 2333 GMT Sunday)
CHINA'S CAR FIRMS WAGE BATTLE OVER HOME TURF
With growth slowing, and foreign manufacturers gaining share,
many of China's auto-industry competitors could face extinction.
(published 2329 GMT Sunday)
CHOBANI EXPANDS INTO DESSERTS, DIPS
Chobani Inc. is venturing beyond the basic yogurt cups that made
it famous, with plans to launch an array of new Greek yogurt
products this year, including desserts and dips. (published 2325
GMT Sunday)
REGULATOR FIGHTS AIG COURT REQUEST
New York's financial watchdog is at odds with American
International Group Inc. over the next steps in federal court to
resolve a potentially costly licensing dispute, as an unusual
confrontation between the big insurer and a regulator unfolds.
(published 2300 GMT Sunday)
SAMSUNG DEVELOPING OWN PLATFORM, APPS
Samsung Electronics Co. overtook Apple Inc. to become the
world's biggest smartphone maker by selling hardware using Google
Inc.'s popular Android operating system. As it tries to beef up in
software, the South Korean tech giant has been hiring more
engineers to develop its own platform and applications for mobile
devices, wearables and other consumer electronics. (published 2008
GMT Sunday)