THE RE­CAP

The Washington Post Sunday - - TAKING STOCK -

Busi­ness

A panel of ex­perts voted to rec­om­mend that the Food and Drug Ad­min­is­tra­tion ap­prove two in­jectable choles­terol drugs— one from Am­gen and one from Sanofi and Re­gen­eron Phar­ma­ceu­ti­cal— that lower choles­terol more than statins.

The­world’s ma­jor air­lines could soon be chang­ing their re­quire­ments for carry-on lug­gage, po­ten­tially forc­ing peo­ple to buy new bags. The In­ter­na­tional Air Trans­port As­so­ci­a­tion un­veiled a new best-size guide­line for carry-on bags that is 21 per­cent smaller than cur­rent stan­dards.

Ap­ple an­nounced a sub­scrip­tion mu­sic ser­vice to com­pete with Spo­tify and Pan­dora that will in­clude an In­ter­net ra­dio sta­tion with live DJs and a site that will al­low artists to post lyrics, pic­tures and videos di­rectly to fans.

Fit­ness tracker maker Jaw­bone has filed its sec­ond law­suit in two weeks against com­peti­tor Fit­bit. The com­plaint says that es­sen­tially all of Fit­bit’s wear­able prod­ucts vi­o­late patents be­long­ing to Jaw­bone. Fit­bit did not im­me­di­ately com­ment.

Whole Foods says it will name its new chain of smaller stores with lower prices “365 by Whole Foods Mar­ket,” a nod to the 365 Ev­ery­day Value house brand al­ready sold by the gro­cery chain. The In­ter­na­tional Mon­e­tary Fund said that its team ne­go­ti­at­ing with Greece has left Brussels af­ter fail­ing to make progress on a debt deal that would help the coun­try to avoid de­fault. Cred­i­tors crit­i­cize the Greek gov­ern­ment’s con­tin­ued re­fusal to bow to their de­mands, risk­ing a de­fault and ul­ti­mately an exit from the euro com­mon cur­rency.

Ocu­lus is ex­pand­ing its highly an­tic­i­pated vir­tual-re­al­ity head­set, called the Rift, to sim­u­late the sen­sa­tion of touch and ges­tur­ing as part of its quest to blur the lines be­tween the fake and gen­uine world. The de­vice is sched­uled to go on sale next year.

Cap­i­tal Busi­ness

Wash­ing­ton-based

GayWed­dings.com, a shop­ping site used by same-sex brides and grooms, will be bought by Chevy Chase-based Wed­ding Wire, a Yelp­style on­line rat­ing gi­ant for the $50 bil­lion U.S. mar­riage in­dus­try.

Weg­mans plans to open an ur­banstyle su­per­mar­ket in Tysons Cor­ner as part of a big ex­pan­sion of Cap­i­tal One’s cor­po­rate head­quar­ters, the two com­pa­nies said.

Deals

Gen­eral Mo­tors chief ex­ec­u­tive Mary T. Barra said that Fiat Chrysler chief ex­ec­u­tive Ser­gio Mar­chionne sent an e-mail propos­ing a po­ten­tial merger and that GM’s board gave “strong sup­port” to her strat­egy of go­ing it alone.

Gen­eral Elec­tric will sell its pri­vate eq­uity busi­ness in a deal val­ued at about $12 bil­lion. The U.S. Spon­sor Fi­nance busi­ness, which in­cludes Antares Cap­i­tal, will be sold to the Canada Pen­sion Plan In­vest­ment Board, along­side a $3 bil­lion bank loan port­fo­lio. The Na­tional Bas­ket­ball As­so­ci­a­tion says Nike will be­come the league’s of­fi­cial uni­form provider un­der an eight-year deal be­gin­ning with the 2017-2018 sea­son. Adi­das is the league’s cur­rent provider.

Earn­ings

Lu­l­ule­mon ap­pears to be in a bet­ter busi­ness pos­ture, as the Van­cou­ver, B.C.-based yoga clothes re­tailer re­ported its quar­terly rev­enue surged 10 per­cent to $424 mil­lion and is­sued a more up­beat sales fore­cast for the year. Tar­get re­it­er­ated a 7.7 per­cent

in­crease in its div­i­dend to 56 cents in an of­fi­cial state­ment, a day af­ter a sim­i­lar an­nounce­ment was posted on its Web site by mis­take. The re­tailer also af­firmed a $5 bil­lion boost to its stock buy­back plan.

Wash­ing­ton

The Of­fice of Man­age­ment and Bud­get is­sued a di­rec­tive re­quir­ing all pub­licly ac­ces­si­ble fed­eral Web sites and ser­vices to adopt en­cryp­tion us­ing “https.” The “s” af­ter “http” stands for “se­cure.” The Ed­u­ca­tion Depart­ment

ex­panded its of­fer of fed­eral debt re­lief to all stu­dents who can prove that a school used de­cep­tive tac­tics to per­suade them to bor­row money for col­lege.

Tran­si­tions

Ru­pert Mur­doch, the 84-year-old mogul who built one of the world’s largest me­dia and en­ter­tain­ment em­pires, will step down as chief ex­ec­u­tive of 21st Cen­tury Fox and hand the po­si­tion to his son James. The el­der Mur­doch will re­main as ex­ec­u­tive chair­man.

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