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A new player in Silicon Valley dealmaking is snapping up tech bankers

There's a new player in Silicon Valley dealmaking.

Tokyo-based Mizuho has been expanding its investment banking team in the US this year, and has just added two new names to its roster in tech banking.

John Jansen has joined the firm as head of technology M&A banking, and Sugeet Madan has joined as a managing director in technology coverage banking. They join Matt Upton, who has signed on as head of software investment banking, in making the move to the Japanese bank.

Jansen and Upton will report to Rich Gallivan, head of tech, media, and telecom (TMT) banking, and focus on winning business on strategic transactions, including global M&A and capital raising deals. Madan will report to Avrum Spiegel, head of technology banking coverage, with a focus on overall client relationship management.


Tobacco behemoth Philip Morris just launched a cigarette 'alternative' — but it is far from problem-free

Marlboro-producer and tobacco giant Philip Morris International on Wednesday launched a non-burning cigarette alternative in the UK in a bid to phase out traditional cigarettes.

The Iqos device looks similar to an e-cigarette. But unlike most modern e-cigs, it uses real tobacco. The difference between traditional cigarettes and the Iqos? The tobacco is heated, rather than burned, Philip Morris said at an event on Tuesday.

But is the Iqos the silver bullet for smoking without the deadly side effects? And will it help Philip Morris with its goal to replace cigarettes with non-combustible alternatives? Business Insider investigates.

First up, cigarettes kill

Philip Morris, the world's largest international tobacco company, came under fire in 1999, when the US government brought a lawsuit claiming that leading cigarette makers were


Apple's futuristic wireless headphones will ship 'over the next few weeks,' CEO says in email to customer (AAPL)

Apple's first pair of truly wireless headphones, called AirPods, were supposed to go on sale in late October but were indefinitely delayed at the end of that month. 

Now Apple CEO Tim Cook has weighed in, via an email to a customer published on Wednesday by MacRumors. He wrote:

"Thanks for your note. Sorry for the delay---we are finalizing them and I anticipate we will begin to ship over the next few weeks."

MacRumors says the email looks legitimate, although it's possible it could be faked. 

AirPods have been hotly anticipated since Apple revealed them alongside the iPhone 7, which doesn't have a headphone jack. The $159 wireless headphones were positioned as the obvious next-generation fix, but many are


'Drivers should be very, very sceptical' — a group of drivers is fighting claims Uber made about its London court battle

LONDON— Uber launched an FAQ web page for its drivers on Wednesday in response to the result of UK employment tribunal it's appealing.

Uber says it launched the FAQ guide "to keep partners up to date with the progress of the case and answer questions we receive."

The employment tribunal, which Uber said it plans to appeal, ruled that the company's British drivers were employees, entitled to national minimum wage and holiday pay.

It's a ruling that will have huge implications for the company's 40,000 UK drivers, and will likely have significant knock-on effects across the broader "gig economy."


An Amazon employee was injured after leaping from 12-story building at the Seattle headquarters (AMZN)

An Amazon employee reportedly sent an email to hundreds of co-workers before jumping off a 12-story building at its Seattle headquarters on Monday, Bloomberg first reported.

Seattle Police told Business Insider that it responded to the call of an attempted suicide at 8:45 a.m. PT on Monday morning and transported the person to Harborview Medical Center. The man survived the fall and was injured in the incident. The hospital couldn't be reached late Monday for an update on the man's condition.


Welcome, Business Insider Italia!

Business Insider launched an Italian edition Monday. Readers in Italy will be redirected automatically to the new site.

BI Italia publishes in Italian and is headquartered in Milan. It is published by leading Italian publisher Gruppo Editoriale L'Espresso and will work closely with parent company's flagship property, La Repubblica.

The new site is edited by Giovanni Pons, a financial journalist with almost 30 years of experience who has worked for La Repubblica since 2000 and written two books.

BI Italia is launching just in time to cover the Italian referendum on proposed constitutional changes on December 4,


Theranos and its founder just got hit with another lawsuit

Theranos and its CEO Elizabeth Holmes are being sued by investors who claim that she


Zenefits will pay $7 million to California to settle its most egregious legal issues

Zenefits has just settled with the state of California after the company admitted earlier this year that it was selling insurance without a license and that it may have dodged some of the legal requirements when training employees for their California insurance licenses.

California announced Zenefits would pay a $7 million fine.

This includes a $3 million penalty for licensing violations, including allowing unlicensed employees to sell insurance, a $4 million penalty for "subverting" the licensing education requirements and a $160,000 payment to reimburse the Department of Insurance for investigation and examination expenses, the California insurance commissioner said in a press release (posted in full below).


The Buick LaCrosse is a great choice among sedans for under $50,000 (GM)

I've always had a soft spot for Buicks, based largely on driving a Regal two-door, brown, with a sweet velour interior and a strong V6 motor, back in the 1980s. 

Unfortunately, I was the odd man out for a few decades, as the Buicks brand languished in General Motors' hierarchy. Buick was a "near luxury" marque, one rung on the ladder below Cadillac. The 1990s and 2000s weren't kind to mid-luxe brands, as the German and Japanese luxury vehicles — Mercedes, BMW, Lexus — began to dominate and undermined the traditional move up that American consumers were accustomed to.

You didn't start with a Chevy and graduate at Pontiacs, Oldsmobiles, and Buicks before getting that Caddy. Instead, you bought a Toyota and jumped straight to Lexus.


AT&T will let you stream live TV for as little as $35 per month (T)

AT&T has officially unveiled its new streaming TV service launching November 30 called DirecTV Now.

There's a lot to unpack here, so let's make it as simple as possible.

DirecTV Now will let you stream live television from networks you typically find on cable and satellite over the internet to your smartphone, tablet, computer, or set-top box like an Apple TV. It's very similar to Dish's Sling TV service.

DirecTV Now plans start at $35 per month for 60 channels and go all the way up to $70 per month for 120 channels. You can also add HBO for an extra $5 per month each. You can try any package for free for seven days.

AT&T is offering the 100-channel package, which is normally $60 per month, for $35 per month for a limited time. It's unclear when that promotion ends.