GE switches off light bulb business after almost 130 years

Boston-based GE said today it would divest the lighting business to Savant Systems, a smart home management company also based in Massachusetts. The companies did not disclose financial terms of the deal, but sources told The Wall Street Journal that the transaction was valued at about $250 million.

Big Finish celebrate Elisabeth Sladen’s birthday with Sarah Jane Smith audio-plays sale

On what would have been her 74th birthday, Big Finish remember Elisabeth Sladen with a sale of her own Doctor Who audio spin-off, Sarah Jane Smith.

Tory minister Liz Truss, admits illegal arms sales to Saudi Arabia again and says ‘more cases could come to light’

The government has again admitted breaching a court order banning arms sales to Saudi Arabia over concerns they could be used in the Yemen war.

International trade secretary Liz Truss faced calls to resign for the second time in 10 days after she revealed her department had granted a third unlawful license relating for military equipment that could be used in a war fuelling “the world’s worst humanitarian crisis”.

No Hollywood ending: Los Angeles property listed for $1bn sells at $100,000

“Land, Mr. Luthor! Land!”

A billion dollars for an empty tract of land always sounded like a Hollywood fairytale. This week reality came crashing down on the investors, real estate agents and feuding litigants who – all too briefly – became embroiled in the greatest property story on earth.

WordPress owner Automattic to acquire Tumblr for ‘nominal amount’

Verizon announced today that it has sold blogging platform Tumblr to Automattic, the company behind WordPress. The Wall Street Journal says the transaction is valued at a “nominal amount,” despite Tumblr having once been sold acquired by Yahoo for $1.1 billion.