The FBI-Apple legal battle is actually over (for now), Goldman Sachs isn't just for rich people, and more news
(Photo by Tristan Fewings/Getty Images)

The FBI-Apple legal battle is actually over (for now), Goldman Sachs isn't just for rich people, and more news

BREAKING: Valeant has named Joseph Papa as its new CEO. Papa, who is currently CEO at Perrigo, will join in early May, replacing Michael Pearson. 

Los Angeles Times-Today-Tribune: Gannett, the publisher behind newspapers like USA Today, is offering approximately $388.3 million to buy Tribune Publishing (who owns the LA Times, Chicago Tribune, and others). Tribune has already gone through some upheaval this year: in February the company replaced its CEO, and last month in a reorg it named its newspapers' editors as dual editors-in-chief and publishers.

Not with a bang, but with a whimper: The FBI dropped its case against Apple in New York, quietly ending the last active litigation between the two entities—for now. The help required would have been much simpler than in the San Bernardino case: it didn't involve Apple writing software to undermine its own security. "Unlike the case in California, Apple does have the ability to extract data on pre-iOS 8 devices with minimal difficulty," explains Ars Technica. In the end, the FBI received the phone's passcode from an individual. It's almost certainly not the last tussle between the two organizations, though; the Justice Department's withdrawal "leaves unchallenged a 50-page ruling by a magistrate judge concluding the government doesn’t have legal authority to force companies like Apple to help investigators open devices."

Did Beyoncé just save Tidal? Lemonade, Beyoncé's new album-video opus, has bumped Tidal back to the top. The music service, owned by Jay Z and a gaggle of other superstars, was the 202nd most popular free app before the album launched—then it moved up to third. Exclusives like this have been a big boost for the company; Kanye West's Life of Pablo was streamed 250 million times in the first ten days of its Tidal release. Lemonade's exclusivity period appears to be quite short, however: it's already on iTunes. We'll see what that does to Tidal's numbers. 

Keep your friends close: Microsoft and Google are getting friendly. The two companies have agreed to drop legal complaints against each other, and they'll also try to resolve issues themselves before going to regulators. Back in September, the two companies also dropped about 20 US patent disputes. The moves are indicative of a more cordial relationship between Satya Nadella and Sundar Pichai. 

David, meet Goliath: In case you missed it, Goldman Sachs just posted its worst Q1 results in 12 years. The banking behemoth is now seeking out other revenue streams—and that's good news for you, if you've ever wanted a Goldman bank account. The company is offering an online-only savings account, which you can start with a deposit as low as $1. The move comes from its acquisition of GE Capital, which also gave Goldman 145,000 retail depositors. Annual interest rates on the new savings accounts are 1.05%, considerably lower than lenders like Bank of America, Citibank, or JPMorgan Chase. The Goldman Sachs name alone has the potential to spell success for the endeavor: "It’s synonymous with the dream of wealth in America," explained NerdWallet's Devan Goldstein.

Cover Photo: A woman wearing a William Shakespeare mask looks out of a window during the Shakespeare Birthday Celebration Parade on April 23, 2016 in Stratford-upon-Avon, England. This year the traditional annual parade through the streets of Stratford-upon-Avon marks the 400th anniversary of Shakespeare's death. 

Moses Ganyo

Account Manager at Rakes Company Limited

8 年

Aboooooo sup

Has Razwi

Change and Leadership Excellence

8 年

I've recently started following you. You're articles always deliver. Keep up the great work :)

William Nugent

Engineering Manager at Red Hawk Fire & Security

8 年

Katie, thanks for the post and the cover art that I at first thought was artwork! The Goldman Sachs Bank is probably expanding the on-line banking platform and growing the 145,000 depositors it acquired from the GE Capital acquisition to diversify its banking business and improve the balance sheet with highly stable deposits. While the desire to shrink the systemically important financial institutions (SIFI) is popular consensus, in the eyes of regulators this particular growth reduces risk for Goldman as a diversified and large portfolio serves as a buffer against negative financial shocks. And note that the 1.05% rate Goldman is paying is not considerably lower but is substantially higher than the other SIFI banks mentioned.

iOS App store rankings spike due to people wanting to get what they can't get from Apple. Jay-Z says "in your face Apple." Apple smiles "no, in my POCKET, Jay-Z."

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