The Ticker

Apple aims for street cred with $3B Beats buy

Apple is striking a new chord with a $3 billion acquisition of Beats Electronics, a headphone and music streaming specialist that also brings the swagger of rapper Dr. Dre and recording impresario Jimmy Iovine.

Yesterday's announcement comes nearly three weeks after deal negotiations were leaked to the media. It's by far the most expensive acquisition in Apple's 38-year history, a price the company is paying to counter a threat posed to its iTunes store.

The price consists of $2.6 billion in cash and $400 million in Apple stock that will vest over an unspecified time period. The deal is expected to close before October.

World Cup lifts winning country's stocks

Winning the soccer World Cup can bring rewards to the winning nation's stock market investors. But they better be quick as the post-victory rally doesn't last long.

That's the conclusion of investment bank Goldman Sachs, which published a wide-ranging report on the World Cup and its economic impact.

Goldman Sachs analysts found "a clear pattern of outperformance by the winning team in the weeks after the World Cup final." On average, the victorious country's stocks outperform the global market by 3.5 percent in the first month, the investment bank's strategy team said.

Media execs top CEO pay lists

Once again, media company CEOs are among the highest paid executives in the nation, with six of the top 10 earning spots in an Associated Press/Equilar study.

Compensation experts say a variety of factors are at play, including the gain in media stocks, the intangible value of talent in a hit-or-miss business, the control of shareholder power in very few hands and the decline of the financial sector.

TODAY

• Labor Department releases weekly jobless claims.
• Commerce Department releases first-quarter gross domestic product.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.
• National Association of Realtors releases pending home sales index for April.

TOMORROW

• Commerce Department releases personal income and spending for April.
• Harvard Pilgrim Health Care has named Mary Ann Tocio, left, as chairwoman of its board of directors. Tocio is president and chief operating officer of Bright Horizons Family Solutions, a provider of employer-sponsored childcare, early education and work/life solutions.
• TheLocker, a social media community and e-commerce platform, announced three additions to its employee roster with marketing director Jesse Morgan, marketing manager Kristin Robinson and social media director Melanie Thompson.

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