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Apple's holiday surprise: big sales, not so big profits

Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.

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Exclusive: Slim in talks with Spanish firms for bid on $3.5 billion Mexico airport terminal - sources

MEXICO CITY/MADRID Tycoon Carlos Slim's construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion (2.87 billion pounds) Mexico City airport terminal project, five people familiar with the matter said.

Deals, Mexico, Spain 6:44pm EDT

Lighten up: tech firms take on economy-class flight challenge

SINGAPORE Some start-ups are taking on one of air travel's last undisrupted bastions - the economy-class cabin. While first and business class travelers have long enjoyed comfort upgrades, there's been less attention to innovation at the rear of the plane. "We want to make travel memorable and comfortable for all of us, not just the top 1 percent," Alireza Yaghoubi, founder of Singapore-based AirGo, told a recent start-up conference to pitch his superlight economy-class seat. H

Yahoo scanning order unlikely to be made public: sources

WASHINGTON Obama administration officials briefed key congressional staffers last week about a secret court order to Yahoo Inc that prompted it to search all users’ incoming emails for a still undisclosed digital signature, but they remain reluctant to discuss the unusual case with a broader audience.

Morgan Stanley CEO Gorman takes aim at quarterly reporting

Morgan Stanley Chief Executive Officer James Gorman questioned the need for U.S. companies to report earnings every quarter, calling the practice "asinine."

3:58pm EDT

Chipotle quarterly restaurant sales down more than expected

Chipotle Mexican Grill Inc on Tuesday reported a bigger-than-expected drop in quarterly sales at established restaurants as it fights to recover from a string of food safety lapses late last year.

6:43pm EDT


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