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There’s a lot going on in the tech industry today. Here are the top headlines:
- Microsoft is buying LinkedIn for $26.2 billion.
- Microsoft chief Satya Nadella and LinkedIn CEO Jeff Weiner talked to Business Insider about the deal — here’s what they said.
- Here’s what Nadella told Microsoft employees about the deal.
- Here’s what Wall Street thinks about the deal.
- Allen & Co., one of Wall Street’s most secretive firms, advised LinkedIn on the deal.
- Three banks could reap as much as $65 million in fees from the deal.
- Twitter shares spiked after the Microsoft-LinkedIn deal was announced.
- Microsoft buying LinkedIn is good for Pandora.
- Symantec is buying Blue Coat Systems for about $4.65 billion.
- Here are the tech companies most likely to be acquired next.
- Short seller Andrew Left is going after Facebook.
In other news, Theranos got ditched by its biggest partner — here’s what it has left.
The company that sells wedding rings to much of America is in big trouble. Chipotle still hasn’t answered one question about the business — and it could mean doom for the company.
And an upstart trading venue is trying to eat everyone else’s lunch.
Here are the top Wall Street headlines at midday:
This is the biggest risk facing the planet — A Bank of America Merrill Lynch team led by Beijia Ma said in a report to clients that water is the number one pressing issue for the world as whole.
We’re witnessing ‘the death of investment’ — Generally, the best method of saving for retirement is thought to be a diversified portfolio consisting of both stocks and bonds held for a long period of time. This decreases risk while allowing for a long-term accumulation of wealth.
The investment world has a new ‘haute couture’ — “The ‘House of Quant’ has firmly established itself as the hedge fund industry’s most fashionable strategy due to its high quality product,” Credit Suisse said in a recent note to investor clients.
The housing market is trapped — Long-term and short-term trends have converged, and while it hasn’t caused disaster for American homeowners yet, it certainly has made movement a lot harder.
MORGAN STANLEY: Pretty soon there’s going to be too much oil again — It’s been quite a year for oil.
‘Hopefully we won’t be Banky McBankface’: Startup bank Mondo is letting customers change its name — Hot startup bank Mondo is having to change its name following a trademark dispute and is letting its customers chose what it should now be called.