Apple Music Turns One Year Old With 15 Million Subscribers on Board and a Redesign on the Way

Today marks the one year anniversary of Apple Music, which launched in 110 countries on June 30, 2015. The streaming music service was initially limited to the Mac and iOS devices, and it has since expanded to Apple TV and…
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World’s Largest Uncut Diamond Fails to Sell at Sotheby’s Auction

After much admiration and anticipation, the world’s largest uncut diamond failed to sell at a public auction Wednesday night. The 1,109 carat white diamond did not meet the minimum reserve price, which was not specified by Sotheby’s auction house in…
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What’s the Biggest Thing You Can Rent?

Some companies go all out when it comes to renting the biggest and most expensive venues for their holiday parties. For example, in 2014, Facebook took over the San Francisco Giants’ AT&T Park. Not wanting to be outdone, LinkedIn employees…
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Mondelez Said to Have Approached Hershey With Takeover Offer

Mondelez International Inc. made a takeover offer for Hershey Co., according to a person familiar with the matter, a deal that would create the world’s largest candy maker. The bid valued Hershey at $107 a share, half in cash and…
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American Airlines at 20-month low

American Airlines Group Inc. tumbled to a 20-month low after an analyst cut its stock rating and trimmed earnings estimates for the industry, citing recent terrorist attacks, higher fuel prices, and a chance that Britain will leave the European Union. American dropped…
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New NASA plane could eliminate gas-guzzling airliners

At NASA, an experiment is underway that could upend the aviation industry: A fully electric plane. As electric cars roll out across the world — nixing the need to pay soaring fuel prices – NASA is looking to the skies,…
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Chinese investors looking to dethrone Tesla as electric car kingpin

Tesla is still a synonym for luxury electronic vehicles (EV), but this may change in the not-too-distant future as fresh competition emerges—not just from the likes of BMW and Mercedes-Benz—but from startups that are poaching engineering and management talent from…
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Goldman Sachs Sells Stakes in Five Hedge Funds for $800 Million

Goldman Sachs Group Inc. is selling minority stakes in five hedge funds to Affiliated Managers Group Inc. for about $800 million. AMG will acquire holdings in Winton Capital Group Ltd., Capula Investment Management LLP, Partner Fund Management LP, Mount Lucas…
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