2Billion

Gov. Gavin Newsom will attempt to expedite construction of a $2-billion residential and commercial mega-development in downtown Los Angeles, his administration announced Thursday.The 7.6-acre project, named Fourth & Central, would bring 1,500 new homes, 410,000 square feet of office space along with retail, restaurants and a 68-room hotel to what’s now a collection of cold storage facilities, parking lots and warehouses in Skid Row near its boundary with the Arts District. Newsom’s decision Thursday aims to shave…

Apple Inc urged a London tribunal on Tuesday to block a $2-billion mass lawsuit accusing it of hiding defective batteries in millions of iPhones by "throttling" them with software updates.The tech giant is facing a lawsuit worth up to 1.6 billion pounds plus interest, brought by consumer champion Justin Gutmann on behalf of iPhone users in the United Kingdom. Gutmann's lawyers argued in court filings that Apple concealed issues with batteries in certain phone models and "surreptitiously" installed a power management tool…

The winner of the $2-billion Powerball jackpot isn’t wasting any time spending the money. Edwin Castro, who came forward last month to collect the record-setting lottery prize, just spent $25.5 million on a new house in Hollywood Hills.Castro, who chose to collect the money as a lump sum of about $997.6 million before taxes, bought the modern mansion under a limited liability company, records show. The splashy purchase amounts to around 2.56% of his winnings. It’s the most expensive sale in Hollywood Hills this year…

The man who won the record-breaking $2.04-billion Powerball jackpot after buying the prized ticket at an Altadena gas station in November has come forward to collect his winnings. Edwin Castro won the “unbelievable and historic” prize, California Lottery Director Alva Johnson said Tuesday, after the jackpot ballooned for weeks in the fall following repeated drawings without a winner. Castro was the only person to match all five numbers plus the Powerball for a jackpot-winning ticket.Castro declined to speak publicly…

Amazon is in early-stage talks to buy a stake worth at least $2 billion (roughly Rs. 15,109 crores) in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India's digital economy.The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti and would give India's third-largest telecoms company a boost as it seeks to compete against the number one player Reliance Jio."Jio has…