Technology
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(Updated, 11 a.m.) GTECH S.p.A. has agreed to purchase International Game Technology Inc., a gaming entertainment company headquartered in Las Vegas, for approximately $4.7 billion in cash and stock, merging the two companies under a newly formed U.K. holding company. more
U.S. stocks fluctuated as investors weighed better-than-estimated bank earnings against Federal Reserve concerns about valuations for some social-media and biotech companies. more
Global private equity firm Providence Equity Partners on Tuesday announced its investment in Mauritius-based Helios Towers Africa as part of a $630 million fundraising round by the independent telecommunications tower company. more
The Slater Technology Fund will invest an additional $100,000 in local health care mobile messaging platform Care Thread, bringing Slater’s total investment in the company to $350,000, Slater announced Tuesday. more
CVS Caremark Corp. and IBM will invest $1.5 million in a new grant program to support technology innovations in community health centers nationwide. more
The University of Massachusetts on Monday announced $865,000 in grants under the President’s Science and Technology Initiatives Fund to support seven faculty research projects ranging from climatology and wind energy to health care and laser technology. more
Security Innovation Inc. has acquired Safelight Security Advisors, a Rhode Island company specializing in information security and software-developer training, for an undisclosed sum. more
Aereo Inc., the streaming video startup that halted service after the U.S. Supreme Court ruled it violated broadcasters’ copyrights, said it believes it can still operate like a cable TV service after the decision. more
The NanoSteel Co. has awarded an exclusive worldwide license to its wear-resistant steel coatings to Cleveland-based Lincoln Electric, which designs and manufactures arc-welding products, robotic welding systems, and plasma and oxy-fuel cutting equipment. more
U.S. stocks fell a second day from record levels, with the Nasdaq Composite Index tumbling the most since April, as investors sold Internet and biotechnology shares before the start of earnings season. more
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