Knowles Corp., a maker of hearing- aid components and microphones for smartphones, said a Chinese court barred it from a trial where it’s the defendant in a patent dispute with Apple Inc. supplier Goertek Inc.
Tie down a hungry dog and start jabbing it with a stick and you get a sense of what went down on CNBC yesterday afternoon when Bats Exchange President Bill O’Brien faced off with Brad Katsuyama and Michael Lewis over high-frequency trading. O’Brien, apparently operating on the notion that the best defense is a good offense, verbally lunged at Katsuyama at the first moment, accusing the chief executive officer of IEX Group of “trying to build a business on the planks of fear, mistrust and accusation,” telling both of them they should be ashamed, as if they were in a conspiracy of some kind -- and then it got uglier. He hectored, he badgered, he sulked, interrupted and ridiculed. There were insinuations that Lewis had money in IEX, which Lewis denied. (For the record, Lewis is an occasional columnist for Bloomberg, although no one’s really sure what he looks like.) If electronic exchanges
Vimeo LLC, the video-streaming site owned by billionaire Barry Diller’s IAC/InterActiveCorp, is committing $10 million to a fund to persuade film creators to sell their content through its on-demand movie service.
With his Match Group on course to become its own company, billionaire Barry Diller is turning his attention to video-streaming site Vimeo LLC to step up growth for his holding firm, IAC/InterActiveCorp.
Barry Diller agreed to pay $480,000 to settle a U.S. Federal Trade Commission complaint that he broke antitrust law by purchasing almost a million shares of Coca-Cola Co. without reporting the transactions.
Billionaire Barry Diller, the backer of Aereo Inc., said the online-television service may eventually get as much as 35 percent of U.S. households to subscribe if it overcomes legal challenges from broadcasters.
New York got its Oscar party early as a star-filled Hollywood supper club took over Alice Tully Hall last night, with prime spots occupied by Madonna, Alibaba executive vice chairman Joe Tsai and Bank of America investment banking vice chairman Cary Thompson.