Private-equity firms bidding for Forstmann Little & Co.’s talent agency IMG Worldwide Inc. are disagreeing with the earnings projection Forstmann has provided for this year, a week before final bids are due, three people with knowledge of the matter said.
Bitcoin, the digital money created as an alternative to currencies controlled by nations and banks, is finding that its wider adoption depends on both as governments in China and the U.S. demand enthusiasts play by existing rules.
To appreciate why U.S. Representative Scott Peters has twice broken with his Democratic colleagues and voted to roll back parts of Obamacare, it’s helpful to know that his San Diego-area district is teeming with voters who have reasons to be angry about the law.
Apple Inc.’s stunning new Campus 2 in Cupertino, California, will be one of Steve Jobs’ lasting legacies when completed in 2015. For better or worse, he was thinking differently to the end, striving for geographic self- sufficiency even as many other high-technology enterprises across the country were starting to return to city life. Will this approach, and the complex that embodies it, renew Apple’s culture of excellence or retard it?