Apple is reportedly talking with several major banks about rolling out a mobile peer-to-peer payment system as early as next year that would compete with apps such as PayPal's Venmo and other services bent on making the traditional bi-fold wallet as dated as a silver dollar.
Anheuser-Busch InBev and SABMiller agreed to merge today in a $105 billion cash-and-stock deal completed with a 5 p.m. UK Takeover Panel deadline looming. In addition, to grease the regulatory skids, SABMiller said it would sell its 58% ownership of MillerCoors in the U.S. to its joint venture partner, Molson Coors Brewing Co., for about $12 billion.
Claiming to the end that it was not acceding to animal rights activists, SeaWorld announced yesterday that it would phase out the orca "killer" whale shows in San Diego that have come under heavy criticism in recent years, although the threat of both federal and state regulation in California admittedly played a part in the decision. It says it will introduce a "new orca experience" in 2017 with a "natural" setting.
Faraday Future - FF for short - has been making mainstream headlines over the weekend after announcing Thursday that it will soon say where its state-of-the-art, $1 billion U.S. manufacturing facility will be built or refurbished. The company, which already claims 400 employees in its headquarters in Gardena, Calif., says it has considered sites in California, Georgia, Louisiana and Nevada.
The New York State attorney general's office is investigating whether Exxon Mobil knowingly lied to its shareholders - and the public - about the risks of climate change based on its own research.
HomeAway, the vacation-rental service eclipsed in headlines about the sharing economy by upstart Airbnb, became the latest acquisition of Bellevue. Wash.-based Expedia, the travel site spun off from Microsoft in 1999 that also has brands such as Orbitz, Travelocity, Hotels.com, CarRentals.com and Hotwire in its portfolio.
Verizon and the National Basketball Association will announce a marketing deal this morning that revolves around the new, ad-supported Go90 mobile video streaming service targeting younger consumers that rolled out last month.
Activision Blizzard, which markets blockbuster console and games such as "Call of Duty," "World of Warcraft" and a thousand or so other titles, is paying $5.9 billion in cash to acquire King Digital Entertainment, the maker of "Candy Crush Saga," the free-to-play mobile game that nonetheless enticed players to spend more than a billion dollars on in-app purchases last year.
Hewlett Packard, once hailed as the epitome of a well-run and forward-thinking Silicon Valley company but in recent years the victim of questionable leadership and draining acquisitions, officially became two entities yesterday in an attempt to regain momentum in both the consumer and enterprise marketplaces.