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Dollar General goes hostile and Ferrari’s boss quits — five things to know today

September 10, 2014

Ferrari's president Luca Cordero Di MontFerrari's president Luca Cordero Di Mont
Ferrari's president Luca Cordero Di Montezemolo, left, gestures as he delivers a speech during a press conference at the Ferrari headquarters in Italy.Photo by Giuseppe Cacace AFP/Getty Images

Hello, friends and Fortune readers.

I’m sure many of your heads are still spinning from the whirlwind of Apple news yesterday (and the thousands of opinions you’ve read about it!) The world keeps turning, though. Microsoft is in talks to buy Sweden’s Mojang — the maker of the popular video game Minecraft — in a deal that could be worth over $2 billion. And Dollar General is preparing to go hostile in its bid to buy rival Family Dollar. Here’s what else you need to know today.

Sapphire glass just wasn’t ready for iPhones

One disappointment many Apple-watchers had yesterday was the lack of a ultra-tough sapphire glass screen on the new iPhone models. The material will be used on the Apple Watch, but Reuters reports that the cost was still prohibitive for phones.

Ferrari boss quits after criticism over Formula 1

Luca Cordero di Montezemolo is leaving Ferrari after 23 years at the luxury car maker. Just days ago Sergio Marchionne, chief executive of parent company Fiat, which owns a 90% stake in Ferrari, said the brand wasn’t doing well enough in Formula 1 racing. Di Montezemolo, who has been credited with turning Ferrari around, had recently denied he would be leaving. He will leave his post on Oct. 13 and Marchionne will take over his role.

Dollar General goes hostile

Now the dollar store wars are getting really personal. Dollar General will take its $9.1 billion offer to buy Family Dollar directly to the shareholders after leadership again rejected them. Family Dollar wants to sell to Dollar Tree, as that sale would allow CEO Howard Levine to keep his job.

Netflix and WordPress want net neutrality

An online protest in favor of net neutrality is planned for today, and some major players are involved. In addition to Netflix and WordPress, websites including Etsy and Mozilla will display a fake “loading” icon to show that losing net neutrality would allow ISPs to slow down web traffic to certain sites.

Good luck parking in SoHo

A parking spot in a new building in the SoHo neighborhood of New York City will cost you a cool $1 million, on top of what you pay for the condo. That’s more per square foot than the condo itself. If you’re not from New York, you may think that’s crazy. If you’ve ever tried to find a parking spot downtown, you’re probably thinking “worth it.”