6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:55PM EDT · Published Sep 5, 5:12AM EDT

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6 Most Important Things in Business Today — © Thinkstock

Newspaper chain Tronc Inc. (NASDAQ: TRNC) bought the New York Daily News for $1 plus the assumption of a number of liabilities. It gives the chain papers in the three largest markets because it owns the Los Angeles Times and Chicago Tribune

United Technologies Corp. (NYSE: UTX) bought Rockwell Collins Inc. (NYSE: COL) for $30 billion in cash and stock. The deal is the largest in the history of the aerospace industry. It also creates a giant in the airplane parts and defense suppliers markets.

Rovio Entertainment Oy, which produces the wildly popular “Angry Birds” online game, has set an initial public offering. It will go public on the stock exchange in Finland.

Lego posted poor earnings and said it would cut 8% of its workforce, or 1,400 people. Until recently it was one of the hottest game manufacturers in the world.

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Lilium Aviation, which plans to make flying cars, raised $90 million according to The New York Times. The largest investor in the round was Tencent, the huge China online company.

Elon Musk said that the race for dominance in global artificial intelligence could start Word War III. The head of Tesla Inc. (NASDAQ: TSLA) said, according to CNBC:

Elon Musk has made an ominous warning about artificial intelligence (AI), suggesting it could be the cause of a third world war.

His comment was in response to Russian President Vladimir Putin who said Friday that the first global leader in AI would “become the ruler of the world.”

“China, Russia, soon all countries w strong computer science. Competition for AI superiority at national level most likely cause of WW3 imo (in my opinion),” the Tesla and SpaceX CEO tweeted Monday.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.