Best Of FORBES: Apple's WWDC, EPA Issues Coal-Killing Rules

Jun 3 2014, 8:38am CDT | by

Monday’s news was centered on Apple’s Worldwide Developers Conference, what was announced and how Apple stock performed after. FORBES has the scoop:

“Apple announced a flood of new features for its software platforms for Macs and iPhones, many of which might feel familiar to users of apps like Dropbox, Voxer and WhatsApp as Apple moves to keep up with developments in cloud and mobile communications technology” — Parmy Olson. Read Apple Echoes Dropbox, WhatsApp, Others With Raft Of New Software Features

“While rumors swirled for months about smart watches, smart TVs, and other new hardware products, Apple revealed only software upgrades on Monday. Impressive software updates they were but investors were looking for more tangible products to sell. There was a significant stock drop during Apple’s presentation, when shares fell $4.66 in just a few minutes” — Brian Solomon. Read Apple Sinks After WWDC Lacks New ‘iWatch’

“Today the Environmental Protection Agency released a long-anticipated rule proposal that seeks by 2030 to reduce America’s carbon dioxide emissions 30% from 2005 levels” — Christopher Helman. Read Obama EPA Issues Coal-Killing Rules To Cut Carbon Emissions 30 Percent

“Watch out, cancer cells. Humanity is learning how to use our built-in weapon – our own white blood cells – to kill you” — Matthew Herper. Read Scientists Prime The Immune System As A Powerful Cancer Weapon

“Hasan Abdullah Ismaik, CEO of UAE-based construction company Arabtec, is a new billionaire thanks to an increased stake in the publicly-traded business. Ismaik now owns 20.5% of the Gulf’s largest builder, putting his net worth at $1.6 billion per today’s share prices” — Natalie Robehmed. Read Arabtec CEO Hasan Ismaik Becomes First Jordanian Billionaire

FORBES exclusive: check out an excerpt from the new book Michael Jackson, Inc. by FORBES reporter Zack O’Malley Greenburg. 

“The sale of the Los Angeles Clippers by Donald and Rochelle Sterling to former Microsoft CEO Steve Ballmer was approved by the NBA Friday. But based on a multiple of revenue, the price being paid for the Clippers is way, way above any team transaction. Ballmer is paying over 15 times revenue for the Clippers” — Mike Ozanian. Read Sale Of Los Angeles Clippers For $2 Billion Illustrates The Multiple Madness Of Ballmer

“Birchbox, the wildly successful monthly subscription beauty sample business was valued at a reported $485 million in April when it snapped up a further $60 million in second round venture funding. Their much-imitated subscription box brings together a way to discover new products with an online presence that works like a shoppable glossy magazine” — Hollie Slade. Read The Pitch That Launched Birchbox, The $485M ‘Stuff In A Box’ Business

FORBES news:

“In a new book, Forbes Media Chairman and Editor In Chief Steve Forbes explains that today’s wrong-headed monetary policies are setting the stage for a new global economic and social catastrophe that could rival the recent financial crisis and even the horrors of the 1930s.” Read More about Money: How The Destruction Of The Dollar Threatens The Global Economy And What We Can Do About It

 
 

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