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Business

Google to acquire Fitbit, valuing smartwatch maker $ 2.1 billion

Alphabet's parent company will buy Fitbit, placing the giant tech giant with Apple in the fitness tracking space. The value of the Fitbit deal is about $ 2.1 billion at fully diluted equity value, according to a release on Friday. Fitbit shares jumped 16%, while Alphabet shares rose about 0.8% Google will pay $ 7.35 a share in cash acquisitions, …

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Nobody understood our idea, but now it costs over $ 1 billion

Copyright Bloomberg The BBC's Boss Week profiles various business leaders from around the world. This week we speak with Howie Liu, founder and CEO of the fast-paced spreadsheet for launching AirTable. Silicon Valley boss Howard Liu sits, according to him, on an idea that could win tens of billions of dollars. And luckily, he tells the BBC, his AirTable company …

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Under the armor is the subject of federal accounting probes

Federal authorities are investigating Under Armor Inc. Accounting practices in a study examining whether a sportswear manufacturer has shifted sales from quarter to quarter to look healthier to people familiar with the matter. As part of a probe that was not made public, investigators questioned people. in Baltimore, where the company is based, as recently as last week, one of …

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Tesla Autopilot now recognizes road cones

You may still not want to trust the feature. Some early adopters warned that the Autopilot does not always recognize cones, potentially leading to dangerous changes in the lane – say, directing you to cross-traffic or construction. Tesla reminded drivers that "they have to pay attention at all times," so he knows it's not a substitute for keeping your eyes …

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What Jalopnik's readers want from the PSA-FCA merger

Photo : Rutger van der Mar ( Flickr ) I asked the esteemed Jalopnik for comment on product plans proposals that Fiat Chrysler and Groupe PSA could collect now that they are bound for marriage. I was not disappointed. The answers seemed to end up in three main categories, and I collected a few examples for each to share. The …

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Buffett's High Quarter Brings New Profits and Money

(Bloomberg) – Warren Buffett's third quarter in many respects marked a new peak. Berkshire Hathaway Inc.'s Operating Profit First has reached its best levels. This was offset by record revenue from the BNSF railway, its biggest acquisition to date. The profits from its stock bets pushed the conglomerate's net income in 2019 to a staggering $ 52 billion, making Berkshire …

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