Business

Apple Payments Service May Boost Sales Of Larger iPhones

The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform. At least six brokerages raised...

Wall Street Opens Flat After Worst Drop In A Month

U.S. stocks opened little changed on Monday, with investors finding few incentives to jump back into the market even after a recent string of declines that included its worst drop since Aug. 5 in the previous session. The Dow Jones...

Nevada Lawmakers To Consider Huge Tax Breaks For Tesla

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Nevada lawmakers on Wednesday will consider controversial tax breaks estimated at up to $1.3 billion for Tesla Motors Inc (TSLA.O) to build its $5 billion battery factory in the state. Assembly Speaker Marilyn Kirkpatrick promised scrutiny of the legislation, which...

Alibaba’s Record IPO Covered After First Few Roadshow Meetings: Sources

Alibaba Group Holding Ltd has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday. There was no indication as...

Dollar Sweeps To 14-Month High, Kicks Oil Below $100

A robust dollar swept to a 14-month high on Tuesday as investors tweaked bets on an early hike in U.S. interest rates, burdening oil, gold and stocks in the energy majors. As the dollar broke to a six-year peak on...

Home Depot Confirms Security Breach Following Target Data Theft

Home Depot Inc confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp's massive breach last year. Home Depot said the data theft could impact its customers in stores across the...

Showtime For Apple: Big Phones, Smart Watches And High Expectations

It has been four years since Apple Inc (AAPL.O) introduced a completely new gadget and the pressure is on for the world's largest tech company to wow at its "special event" in Cupertino, California, on Tuesday. Apple has fed the...

GSK China Consumer Healthcare Unit Linked To DOJ Probe In 2012

A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm's Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker's compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted an...

Morgan Stanley To Pay $95 Million In U.S. Mortgage-Debt Settlement

Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis. The settlement, disclosed in court papers filed...

Dubai’s ICD Buys $300 Mln Stake In Nigeria’s Dangote Cement

Sovereign fund Investment Corp of Dubai (ICD) has bought a 1.4 percent stake in Dangote Cement, Nigeria's biggest company by market capitalisation, for $300 million, a Dangote spokesman said on Monday. Dangote Cement spokesman Carl Franklin confirmed the sale, but...