In the news: Google buys Dropcam, Honda recalls cars, and more


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Monday headlines include: Google buying an internet-connected camera company, Lululemon's founder formulating a plan to shake up the company, Honda recalling 2 million cars to fix airbag problems, JP Morgan investing in Chinese real-estate developers and GE selling its consumer finance unit in Scandanavia.


Internet giant Google ( GOOGL ) is acquiring home-monitoring company Dropcam for $555 million in cash. Google is buying the company through its Nest Labs division. Dropcam lets users monitor their homes or offices through internet-connected cameras. Dropcam will reportedly adopt Nest's privacy policy, which means user data will remain inside that unit and will not be shares with companies outside of Nest, including the rest of Google.


Dennis Wilson, the founder of yoga-apparel retailer Lululemon ( LULU ) is reportedly in talks with Goldman Sachs on a plan to shake up the struggling company. Wilson has not yet decided on a course of options, but is reportedly considering his options, including a proxy fight to shake up the company board or partnering with a private-equity firm in a buyout.

Honda Motors

Japanese automaker Honda Motors ( HMC ) is recalling more than two million automobiles to fix defective airbags that could pose a fire risk. The cars were produced between August 2000 and December 2005, and include more than one million cars sold in North America, including the Fit and Accord.

JP Morgan

The asset-management arm of financial giant JP Morgan ( JPM ) is buying bonds of Chinese real-estate companies as the property market in that country cools. Stephen Change, the head of Asian fixed-income for JP Morgan Asset, said that while sales and prices are falling and margins are contracting, JP Morgan has determined that larger developers are "gaining market share and executing well."

General Electric

As it tries to regain focus on its industrial business, General Electric ( GM ) is selling another part of finance arm GE Capital. This time the company's Scandinavian consumer-finance operation is being sold to Spain's Banco Santander for about 700 million euros.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , real estate , Technology
Referenced Stocks: GOOGL , LULU , JPM , GM

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