Industry News

Yahoo and AOL would have been a blockbuster deal back in the late 1990 s. Now, the deal is being greeted more with shrugged shoulders than loud applause. Verizon, having acquired AOL off the scrapheap last year, is buying the core parts of Yahoo for $4.8 billion."/>
How Yahoo became an internet also-ran [St. Louis Post-Dispatch]
Capstead Mortgage Corp. announced that Phillip A. Reinsch was named president and chief executive officer. He replaces Andrew F. Jacobs, who resigned and left the board of directors."/>
Mid-Level Mortgage Management Changes [Mortgage Daily]
Micron Technology Inc., the Boise, Idaho-based solid-state storage device maker, has laid off nearly one-third of its Longmont work force after posting disappointing financial results. Jessica Erickson, president of the Longmont Economic Development Partnership, said local Micron officials told the EDP there would be 70 layoffs at the facility. The company had employed 242 people locally as of late last year, according to the EDP."/>
Micron lays off 70 workers at its Longmont facility [Daily Camera, Boulder, Colo.]
Darden Restaurants Inc., whose brands include Olive Garden, The Capital Grille and Bahama Breeze, will build a LongHorn Steakhouse as part of the new Powers Pointe retail center that's taking shape southwest of Powers Boulevard and Barnes Road, according to plans submitted to the city's Land Use Review Division. The 5,600- square-foot restaurant..."/>
LongHorn Steakhouse plans to ride into Colorado Springs with northeast side location [The Gazette (Colorado Springs, Colo.)]
Net Element, Inc. has agreed to acquire a majority interest in US-based remittance and e-wallet platform PayStar, Inc. and US-based proprietary payment processing platform Nexcharge, Inc., the company said. The parties agreed that Net Element, together with PayStar and Nexcharge, will create one or more entities into which PayStar and Nexcharge will contribute all their assets, with Net Element owning a 51%..."/>
Mobile Payment Technology Firm Net Element to Acquire PayStar, Nexcharge
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [East Bay Times]
Yahoo carries one major unknown. Will Yahoo's billion monthly users and content such as sports and finance be enough to make Verizon a contender in a digital advertising cage fight with Google and Facebook? "If Verizon starts to build an alternative, will advertisers flock?"/>
$4.83 billion Yahoo purchase gives Verizon extended reach [East Bay Times]
Yahoo as an independent company hurts. This is the Silicon Valley pioneer that brought the world to the web and the web to the world."/>
East Bay Times Michelle Quinn column [East Bay Times]
ViaSat has been awarded a federal contract to provide high-speed, in-flight Internet to Air Force One and other government VIP aircraft. The company, which powers onboard Wi-Fi on JetBlue, Virgin America and some United Airlines commercial aircraft, said it will enable "a Situation Room in the Sky" experience on government special mission planes. That includes streaming high-definition surveillance, intelligence and reconnaissance video, in-flight..."/>
ViaSat to power broadband on Air Force One [The San Diego Union-Tribune]
Facebook page that the work-family balance became difficult and that he will be pursuing a career in agriculture."/>
BRIEF: Mattern's Butcher Shop in downtown Goshen closes [South Bend Tribune, Ind.]
Euronet Worldwide, Inc., a leading electronic payments provider, reports second quarter 2016 financial results.. Euronet reports the following consolidated results for the second quarter 2016 compared with the same period of 2015:. Revenues of $476.9 million, a 12% increase from $425.1 million. Operating income of $59.3 million, a 26% increase from $47.2 million. Adjusted EBITDA of $82.9 million, a 23% increase from $67.2 million. Net income attributable..."/>
Euronet Worldwide Reports Second Quarter 2016 Financial Results
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [Mercury News]
Yahoo carries one major unknown. Will Yahoo's billion monthly users and content such as sports and finance be enough to make Verizon a contender in a digital advertising cage fight with Google and Facebook? "If Verizon starts to build an alternative, will advertisers flock?"/>
$4.83 billion Yahoo purchase gives Verizon extended reach [Mercury News]

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