Apple Inc. agreed to buy Beats Electronics LLC for $3 billion, its biggest-ever acquisition, nabbing a popular line of headphones and a nascent subscription music-streaming service as the iPhone maker seeks to rev up growth.
Microsoft Corp. completed the takeover of Nokia Oyj’s phone business, ending a seven-month wait to renew its assault on the mobile market and leaving the Finnish company seeking growth in wireless networks.
Microsoft Corp. renewed its push to catch up with Apple Inc. and Google Inc. in mobile devices, unveiling updated Windows Phone software with voice-search features and offering it for free for small phones and tablets.
Microsoft Corp. Chief Executive Officer Satya Nadella said he will “hold nothing back” to get the company’s programs across all devices, in a clear departure from the software maker’s longtime focus on its Windows operating system.
A painting of the New York Stock Exchange in its heyday, depicting men buzzing around trading posts, hangs in the Jersey City office of William O’Brien. An inheritance from his father, it represents a way of life the Direct Edge Holdings LLC chief executive officer has spent a career helping to dismantle.
Microsoft Corp., under new Chief Executive Officer Satya Nadella, will accelerate a push into mobile software, joining forces with hardware manufacturers and Qualcomm Inc. to develop cheaper phones for emerging markets.