Swatch Group Buys Harry Winston Jewelry Brand

Swatch Group AG, the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever.
Skype Founder: Market Rout Will Weed Out Weak Startups
04:10 - The recent stock-market turmoil will probably help the technology industry by making startups with viable business ideas more visible while pushing aside those with weaker prospects, according to venture capitalist and Skype founder Niklas Zennstrom. Bloomberg's Emily Chang reports on "Bloomberg West." (Source: Bloomberg)
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