Nasdaq Private Market to Help Startups, Rice Says

March 6 (Bloomberg) -- Bob Rice, managing partner at Tangent Capital Partners, and Jay Ritter, a finance professor at the University of Florida in Gainesville, talk about Nasdaq OMX Group Inc. and SharesPost Inc.'s plan to set up a joint venture where brokers can trade stocks of firms before any initial public offering. The venture will be known as Nasdaq Private Market. Rice and Ritter speak with Deirdre Bolton on Bloomberg Television's "Money Moves.' (Source: Bloomberg)

Apple Only Spends 3.5% of Revenue on R&D
18:53 - Compared with its resources, Apple has remained relatively quiet. It spent just 3.5 percent ($8.1 billion) of its $233 billion in revenue in fiscal 2015 on research and development, a lower percentage than every other large U.S. technology company, data compiled by Bloomberg show. Bloomberg's Mark Milian reports on "Bloomberg Markets." (Source: Bloomberg)
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