62° Good Morning
62° Good Morning
Hello, we've upgraded our systems.

Please log back in to enjoy your subscription. Thank you for being part of the Newsday family.

Forgot your password? We can help go here.

Log in

Briefs: Home Depot fallout intensifies; Microsoft eyes Minecraft; 'iPhone for Life'

A breach of credit and debit cards used

A breach of credit and debit cards used at Home Depot is being investigated by law enforcement as well as several states. This shopper was at a Home Depot on Feb. 16, 2012, in Miami. Credit: Getty Images / Joe Raedle

Here's what's happening in the world of business on Sept. 10, 2014.

Big stories

- Dollar General is done playing nice. The discount retailer has taken its bid to own Family Dollar hostile, going directly to shareholders by offering to buy up stock for $80 per share. Family Dollar twice turned down Dollar General, instead favoring a bid by Dollar Tree to buy the chain for $8.5 billion.

- Home Depot's troubles are growing after it disclosed a major data breach that put shoppers' credit and debit card info in the hands of hackers. States including Connecticut and California have launched investigations into the breach, while investors on Wall Street are selling off the company's stock.

Apple's big things

- Tuesday, Apple gave consumers the smartwatch they've been waiting for, but the price doesn't exactly make it accessible for all. At the same time, the release of Apple Watch, which fashion types aren't exactly praising for its looks, shows what types of innovation CEO Tim Cook has in mind for the tech juggernaut. And then there's Apple Pay, which may not only change how people pay for products, but also boost iPhone 6 sales before the holidays.

Sprint, on the other hand, is offering an "iPhone for Life" plan to lure users of older models into upgrading to an iPhone 6. Other cell companies have launched their own iPhone 6 deals.

Company news

- NBC is pretty happy that football is back. The broadcaster drew more than 20 million viewers for the Sunday and Thursday football games, helping it win the prime time viewership race last week with an average 11.1 million viewers.

- A New York judge ruled for TVEyes Inc. in a copyright case filed against the distributor of online TV clips by Fox News Network. TVEyes allows users to search for small snippets of shows, including those from Fox News.

- Banana empire Chiquita is opening its books to potential buyers it had rejected earlier. Advisers are pressuring the company to sell, although the U.S.-based firm could face government pressure to avoid any deal that would shift its headquarters offshore.

Tech bites

- Microsoft may be preparing to buy Minecraft for $2 billion, sources tell Bloomberg News. The game, which can be played on consoles as well as mobile devices, has sold more than 54 million copies.

- Google will invest $145 million in a California solar plant, helping retrofit a former oil field into a creator of green energy.

It's the economy

- U.S. wholesale stockpiles inched up 0.1 percent in July, the smallest amount in a year, though a 0.7 percent uptick in sales may mean the lull is temporary.

Across the region

- Trump Entertainment will continue to operate, a Delaware bankruptcy court ruled, allowing it to fund its business with money owed to investor Carl Icahn.

- New York City has a new chief technology officer. Former UBS executive  Minerva Tantoco will jump into the role.

Across the nation

- Bourbon maker Wild Turkey turns 60 with spiking interest in the Kentucky-made spirit.

Across the world

- Scotland's bid for independence is gaining steam, which is opening up more questions about how the move would affect the British pound if Scotland decides to create its own currency.

- Lufthansa pilots walked off the job Wednesday, prompting the airline to cancel 140 flights. The pilots are striking over certain retirement payments that the airline wants to cut.

- The United Nations is concerned about national debts and plans to adopt new legal frameworks for helping countries saddled with debt, like Argentina, restructure before defaulting.

More news