Apple and interest rate jitters weigh on Wall Street

- Wall Street extended losses on Tuesday as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.

Recent Business News

Exclusive: UBS was warned of Puerto Rico loan practices, e-mails show

NEW YORK - A UBS AG branch manager in Puerto Rico warned bank officials that brokers for the firm had urged customers to engage in improper loan practices, more than two years before the bank made a $5.2 million settlement over the matter with the island’s financial regulator, according to internal bank correspondence reviewed by Reuters.

2:17pm EDT

ATM fee lawsuits against Visa, Mastercard, banks revived on appeal

NEW YORK - A federal appeals court has revived litigation against Visa Inc , Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law.

U.S. judge rejects American Express class action settlement

NEW YORK - A U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement.

Brazil presents another hurdle in Monsanto's bid for Syngenta

SAO PAULO - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.

Deals, Brazil 1:08pm EDT

Apple denies plan to sell mobile services directly to consumers

FRANKFURT/PARIS - Apple Inc , the world's most profitable mobile phone maker, has denied working on a plan to market communications services directly to consumers and bypass the telecom companies on which it has long relied to sell its products.

1:15pm EDT


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