Apple shares soared 6.8% in extended trading after the company’s results beat expectations, soothing fears that iPhone demand had hit a wall. Apple (NASDAQ:AAPL) shipped 40.4M iPhones, 10M iPads and 4.3M Macs in the third […]
Restructuring expenses and weaker performances in investment banking and trading caused Deutsche Bank’s quarterly income to drop 98% from the same period the previous year. John Cryan, chief executive officer of the German bank, said […]
US companies are accumulating cash and holding back on investment as uncertainty about the global economy deepens, according to an industry report. The Corporate Cash Indicators index jumped 9 points in the second quarter, a […]
Unilever’s $1 billion deal to purchase Dollar Shave Club shows the power of startups to disrupt market giants by improving customer experience, using technology and keeping operations lean, writes Steven Davidoff Solomon, law professor at […]
Tesla’s master plan could cost the automaker “tens of billions” of dollars over the long term, but would likely require only a “modest” capital raise, Elon Musk said after a tour of his gigafactory in […]
A well-organized international tax system should be implemented with a goal of greater fairness and inclusiveness, Chinese Finance Minister Lou Jiwei said at the Group of 20 summit. The need for one, Lou said, is […]
There has been an explosion in funding for startups that offer technological solutions to farmers, but questions remain about whether the market can sustain these businesses. Farmers may be reluctant to buy complex products and […]
The Japanese government is betting heavily on infrastructure projects as it prepares to possibly double direct fiscal outlays over the next few years to lift the economy, according to the Nikkei newspaper. The new ¥6 […]
The company that runs Redbox video-rental kiosks, Outerwall, said it has agreed to be acquired and taken private by affiliates of Apollo Global Management, the private equity investor, in a deal valued at $1.6 billion. […]
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