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Electronic Arts’ buyout is valued at $55 billion

NEW YORK (AP) — In what could become the largest-ever buyout funded by private equity, video game maker Electronic Arts has agreed to be acquired in a deal valued at $55 billion. Beyond the potentially record-breaking price tag, the deal could bring wider shifts in the gaming world. ...

All dressed up

HOUGHTON — About 4,000 students dressed up and made their way into Michigan Technological University’s Student Development Complex on Tuesday to make their best impressions to more than 350 employers with over 1,000 recruiters for Tech’s Fall Career Fair. Employers filled two ...

Amazon to pay $2.5 billion to settle FTC allegations

SEATTLE (AP) — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 ...

Top economic officials urge high court to let Cook stay at Fed

WASHINGTON (AP) — Alan Greenspan, Ben Bernanke, Janet Yellen and other former top economic officials appointed by presidents of both parties urged the Supreme Court on Thursday to preserve the Federal Reserve's political independence and allow Lisa Cook to remain as a central bank governor ...

Starbucks to close hundreds of stores as part of turnaround plan

Starbucks said Thursday it's closing hundreds of stores in the U.S., Canada and Europe and laying off 900 nonretail employees as it focuses more of its resources on a turnaround. The Seattle coffee giant said store closures would start immediately. Starbucks said affected baristas will be ...

Average mortgage rate edges higher after four weeks of declines

The average rate on a 30-year U.S. mortgage ticked up this week, ending a four-week slide that brought down borrowing costs for homebuyers to the lowest level in nearly a year. The rate rose to 6.3% from 6.26% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...