| Tesla Motors Inc. to pay $422 million to bondholders. In a Securities and Exchange Commission filing Wednesday, the Palo Alto, Calif., auto maker said the pay out and a planned fundraising round later this year will help pay for a proposed merger and the ongoing development of cheaper electric cars, The Wall Street Journal reports. The planned merger with SolarCity Corp. will save money in the long run, according to Elon Musk, who is chairman of both companies. The SEC filing shows the deal is valued at $2.4 billion. It is expected to close by the end of the year. Apple squeezes iPhone suppliers. As Apple Inc. prepares to unveil its next-generation iPhone amid falling sales, parts suppliers say the company is telling them to accept price cuts while lowering forecasts for order volume, The Wall Street Journal's Eva Dou reports. At the same time, carriers in China are slashing prices for unlocked 16-gigabyte iPhone 6s models, with some dropping below prices fetched in the U.S., a rarity as the result of import duties on components and value-added taxes. In its fiscal third quarter, Apple's profit fell 27% from a year earlier on weaker sales, especially in China. Dropbox says data on 68 million users hacked. The online storage and sharing firm on Tuesday confirmed reports that hackers had amassed tens of millions email addresses, as well as hashed and salted passwords, for users who signed up before mid-2012, Computerworld writes. The site last week urged these users to change their passwords, describing the move as a preventive measure, adding there was no indication that any of the accounts were compromised. It now says the reset is complete and that all affected accounts are protected. Facebook Inc. seeks faster mobile ads. In a post on its Business News page Wednesday, the social networking giant called on advertisers to speed up their mobile websites or face limited distribution if they point users to slow-loading sites, The Wall Street Journal's Jack Marshall reports. "Our goal is to give people the best ad experience possible on mobile," a Facebook spokesman told the Journal. To speed up links, it suggested advertisers minimize landing page redirects, use less code and compress files, among other tactics. Tech recruiter tells CIOs to "erase the wall." Martha Heller, president of IT executive recruiting firm Heller Search Associates, tells CIO Journal's Kim Nash that chief information officers today are overcoming an ingrained us-and-them divide between a company's IT and business groups. She says one way they're doing that is by putting IT people onto business teams, while recruiting staff from business lines into IT. "Who better to convince the skeptics than someone who was once one of them?" Ms. Heller says. Can CIOs reverse a path to extinction? Some say information chiefs ultimately will put themselves out of a job by moving technology infrastructure and applications to the cloud. But they would be wrong, writes CIO Journal columnist Gary J. Beach. IT is better than any other corporate function in adapting to business change – and now leading it. Astute CIOs know they can't control all the technology inside a company but they can shape the plans the C-suite has for it. China grapples with personal data protection. Reports of a recent phone scam are focusing national attention on China's lax privacy protections, Li Yuan writes in The Journal. The scam involved a high-school grad allegedly fooled into transferring her college tuition to fraudsters, who likely accessed her personal data by hacking into the education department's computers. Though data theft is common in China, and online users have started demanding better protections, experts say the issue is challenging in a country that hasn't traditionally valued privacy. Twitter taps BAMTech to stream pro sports. BAMTech, the streaming tech unit created by Major League Baseball, will help Twitter Inc. stream its $10 million package of 10 Thursday night National Football League games this season, as well as other MLB, National Hockey League and National Basketball Association games, people familiar with the matter told The Wall Street Journal. While BAMTech's white-glove service is typically pricier than other vendors, it has developed a name for turning around products quickly with minimal hiccups. Walt Disney Co. recently said it planned to pay $1 billion for a 33% stake in the company. Aircraft carrier's technology to be reviewed. The Navy is planning a 60-day review of the Gerald R. Ford, a new $12.9-billion ship, after a top Pentagon official expressed concern about key on-board systems, ABC News reports. In a memo, the official cited concerns about electromagnetic catapults used to launch aircraft, as well as arresting gear used in landings. The ship is currently being tested at the Newport News Shipbuilding, while a second ship, the John F. Kennedy, is under construction. | 
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