Apple’s message on Beats deal: ‘It’s all about the music’
Explaining why it bought Beats Electronics for $3 billion, Apple emphasized the role its music-subscription service and legendary entertainment mogul turned Beats executive Jimmy Iovine can play in helping it navigate the quickly changing music industry. Apple SVP of Internet software and services Eddy Cue — the new boss of Iovine and Beats partner Dr. Dre — said at the Code conference on Wednesday night, "Music is dying in the way that we’ve known it. It hasn’t been growing in the way that we all want it to."
Said Apple CEO Tim Cook in a memo to employees: "Beats Music was built with deep respect for both artists and fans. We think it’s the first subscription service to really get it right." Steve Jobs’ successor also detailed Apple’s long history with music in the note.
Here is Cook’s tweet announcing the deal:
Pressure grows on Shinseki to resign from VA
An inspector general’s report showing that Department of Veterans Affairs officials faked records to shorten the amounts of time veterans waited for medical care has prompted more calls for VA Secretary Eric Shinseki to resign. Five Democratic senators joined Republican colleagues this week in asking the former Army general to step down, as has former GOP presidential hopeful Mitt Romney. Politico reported last night that the president has not yet decided whether to ask Shinseki to resign.
Google employee data shows company mostly white, male
Google released statistics about the makeup of its workforce on Wednesday, showing that more than 60% of the company’s employees are white and 70% are male. About one-third of its workforce is Asian, while only 2% are black and 3% are Hispanic. While few technology companies have released data about the diversity of their workforces, Google’s numbers are in line with those that have.
At least three groups bid for Clippers
The Los Angeles Times has reported that at least three groups have made offers to buy the Los Angeles Clippers. The deal is expected to fetch owners Donald and Shelly Sterling more than $1 billion.
Congress moves on GM inquiry
Congressional investigators have met with a suspended General Motors engineer close to the automaker’s decision-making process to not recall Chevrolet Cobalts with faulty ignition switches for ten years, indicating lawmakers are speeding up the investigation process. House staffers told The New York Times that suspended engineer Raymond DiGiorgio seemed "genuinely upset" the company did not connect the issue to airbag problems more quickly.