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By Jeffrey Dastin (Reuters) - American Apparel's board believes a bid by Irving Place Capital to buy the retailer for up to $1.40 per share is far too low and any takeover offer should be "several multiples" higher, a source familiar with the board's thinking said. While the board has yet to evaluate the bid formally and is not likely to reach a decision until early January, it is not actively soliciting offers, the source told Reuters on Monday. ...
MILWAUKEE (AP) — A white Milwaukee police officer fired after fatally shooting a mentally ill black man in April won't face criminal charges, the county's top prosecutor said Monday, a decision that prompted the man's family to immediately demand a federal investigation.
Google on Monday announced that the first completed prototype of its self-driving car is ready to be road tested. "We're going to be spending the holidays zipping around our test track, and we hope to see you on the streets of Northern California in the new year," the Internet titan's autonomous car team said in a post at Google+ social network. The prototype is a manifestation of plans that California-based Google revealed in May to build its own autonomous car minus typical features such as steering wheels. Our software and sensors do all the work," Google's Chris Urmson said in a blog post in May.