Business

Photo

Apple's iPhone sales beat Street but iPad volumes slide

SAN FRANCISCO - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets.

Recent Business News

Top Allergan holder Paulson urges deal with Shire: sources

- Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc , according to two people familiar with the matter.

1:55pm EDT

UPS says U.S. rates to rise 4.9 percent as of December 29

CHICAGO - Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year.

4:55pm EDT

IBM ditches 2015 operating EPS target, shares slump 7 percent

- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. | Video

Tech, Media 5:54pm EDT

Toyota recalls 247,000 vehicles in U.S. over Takata air bags

DETROIT - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators.

4:58pm EDT

Deaths linked to GM ignition-switch defect rise to 29

DETROIT - A program to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program.

10:45am EDT

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary

What could be sweeter than sugar?

The top sugar brand in the United States, Domino Sugar, has announced it is joining the diet bandwagon by launching a no-calorie, "natural" sweetener line extracted from Paraguay's stevia plant.