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Apple beats Street targets on strong iPhone sales

SAN FRANCISCO - Apple Inc posted a better-than-expected 12 percent jump in revenue after its best new-iPhone launch on record helped push sales of the smartphone to 39.27 million in the September quarter.

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IBM to pay Globalfoundries $1.5 billion to take chip unit

- IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics.

Deals 9:33am EDT

Faster 'cloud' orders for SAP hurt 2014 profit outlook

FRANKFURT - German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. | Video

10:53am EDT

Amaya Gaming to explore sale of Cadillac Jack subsidiary

TORONTO - Amaya Gaming Group Inc, which has pivoted to focus on the fast growing online gambling market, said on Monday it is exploring a sale of its Cadillac Jack subsidiary that makes slot machines for casinos.

Deals, 4:48pm EDT

Facebook sues lawyers for pursuing dubious Ceglia lawsuit

NEW YORK - Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who have represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company.

Media, Facebook 3:51pm EDT

CEO says no gender pay gap at Microsoft

SAN FRANCISCO - Satya Nadella, the Microsoft Corp Chief Executive who ignited a firestorm of protest earlier this month by suggesting women should not ask for pay raises, said on Monday that men and women are paid equally at his company.

4:06pm EDT

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