Bloomberg Twitter Inc is acquiring Chroma Labs, a seven-person startup that was founded by former Facebook and Instagram employees for building photo and video-editing features. Chroma Labs was launched last fall with an app that lets people edit photos and videos before sharing them on the Stories features inside other apps, like Instagram or Snap Inc’s Snapchat. The company is ...

Bloomberg Along with the usual files and spreadsheets, the European Union (EU) leaders traveling to Brussels this week to thrash out the bloc’s long-term budget are being advised to bring an extra change of clothes. Maybe two. The extraordinary summit to nail down a seven-year spending plan is scheduled to start on Thursday. But no end time has been set ...

Bloomberg Amazon.com Inc is denying a Pentagon cloud-computing contract valued at as much as $10 billion was unfairly tailored for the e-commerce giant. In a court filing made public on February 17, Amazon countered rival Oracle Corp’s claims that bidding for the lucrative cloud deal was tainted by relationships between its employees and former Pentagon officials. Oracle is appealing a ...