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Will.i.am on Beats deal: 'We got it right'

Beats Headphones

Entertainer and Beats founding shareholder William Adams, better known as Will.i.am, believes the fusion of technology and culture will drive hardware development, and he says Apple acquired the headphone company because of its success in melding the two.

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UBS rogue trader ruling

U.S. securities laws have their limits and do not justify making UBS liable to shareholders for touting its ability to control risk even as it harbored a rogue trader who caused $2.3bn of losses, a federal judge ruled on Friday.