Valeant is sued over Philidor ties, alleged racketeering Aug 29, 2016 02:19PM

By Jonathan Stempel

Valeant Pharmaceuticals International Inc (NYSE: VRX)(NYSE: VRX) was sued on Monday by buyers of its drugs, who accused the Canadian company of racketeering by forcing them to pay exorbitant prices.

The proposed class-action complaint was filed in the U.S. District Court in Manhattan on behalf of unionized New York City police detectives and hotel workers, regarding Valeant's ties to the now defunct specialty pharmacy... (continue reading...)

Facebook (FB) Updates Trending Feature; Will Make Product More Automated Aug 26, 2016 04:03PM

Facebook (NASDAQ: FB) posted the following to its website on Friday:

Today, we’re making some changes to the Trending feature on Facebook that will make the product more automated and will no longer require people to write descriptions for trending topics.

We added Trending to Facebook in 2014, and similar to Search, Trending was designed to help people discover interesting and relevant conversations happening on Facebook, about breaking news and events from around the... (continue reading...)

St. Jude says report by short sellers 'false and misleading' Aug 26, 2016 03:40PM

By Jim Finkle

(Reuters) - Medical device manufacturer St. Jude Medical Inc (NYSE: STJ) said on Friday a report by short-selling firm Muddy Waters and a cyber-security researcher alleging its heart devices were riddled with bugs was "false and misleading."

The report, which caused St. Jude shares to fall 5 percent after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring... (continue reading...)

Apollo Global to buy Rackspace Hosting in $4.3 billion deal Aug 26, 2016 09:21AM

By Narottam Medhora

(Reuters) - Apollo Global Management LLC (NYSE: APO) said on Friday it would buy cloud services provider Rackspace Hosting Inc (NYSE: RAX) in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.

The $32 per-share-offer represents a premium of 6 percent to Rackspace's Thursday closing price.

U.K.'s EE Uses Apple Music (AAPL) as Key Component of Latest Promotion Aug 26, 2016 08:07AM

EE today announced an exclusive offer that includes six months of Apple Music membership for new and upgrading EE pay monthly customers.

Apple Music is a single, intuitive app that combines the best ways to enjoy music including your music library, a revolutionary streaming music service, radio led by the flagship Beats 1 station, and playlists curated by world class music experts. Over 15 million paying subscribers globally are already listening to new music first and... (continue reading...)

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