News Headlines - 07 March 2015

▽Sompo Japan to Buy Stake in France’s Scor - WSJ

Sompo Japan Nipponkoa Holdings Inc. said Friday it has decided to spend about $915 million to buy a stake in French reinsurance giant Scor SE .

▽Philippines to explore wartime Musashi wreck - AJW by The Asahi Shimbun

The Philippine government said it will mount an exploration of the sunken Japanese battleship Musashi, but ruled out salvaging the wartime wreck.

▽$10,000 watch tests Apple’s luxury appeal - FT.com

When Tim Cook unveiled the Apple Watch in September, the iPhone maker’s chief said it was the “most personal device we’ve ever created”.
Some models will also be Apple’s most expensive products in more than 30 years. The company is widely expected to put a price tag of at least $10,000 for the gold Apple Watch Edition when it shows off the devices at a press event in San Francisco on Monday.

▽The man behind the Apple Watch

Last year, Apple was the first company to be valued at $700bn. As it makes a bid to enter the luxury market with the 18ct gold Apple Watch, the brand’s British design visionary, Jony Ive, gives a rare interview to Nick Foulkes.

▽Barack Obama condemns Ferguson police over racism report - Telegraph

President Barack Obama condemned the Missouri city of Ferguson on Friday for "oppressive and abusive" actions against African-Americans that were laid bare in a U.S. Justice Department report accusing police and court officials of racial bias.