Microsoft buys Mojang for 2.5 billion to acquire Minecraft maker
Microsoft announces it will acquire Mojang AB the Stockholm based developer of Minecraft for 2.5 billion dollars. The deal aims to integrate Minecraft into Microsoft Studios and expand cross platform play across iOS Android Xbox and PC. Mojang executives promise continuity and reassurance to the community as the company prepares to join Microsoft.
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Speculation swirls as Fed pace of rate rise questioned
The Federal Reserve may drop or keep its phrase about a "considerable time" before raising rates. Analysts expect a move around 2015 as job growth and activity strengthen while bond purchases end in November. Chair Janet Yellen faces questions after the two day meeting.
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GM expert confirms 19 deaths eligible for ignition switch payments
Compensation expert Kenneth Feinberg says 19 wrongful death claims are eligible for GM payments after reviewing 125 claims tied to faulty ignition switches in older Chevrolet Cobalt models. GM and Feinberg caution the total may rise as more cases are reviewed and documents gathered.
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