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Apple CEO touts future technology amid iPhone worries

SAN FRANCISCO As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.

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Analog Devices to buy chipmaker peer Linear for $14.8 billion

SAN FRANCISCO Analog Devices Inc said on Tuesday it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years.

Deals, Jul 26 2016

Australia's big banks team up to challenge Apple on mobile payment apps

SYDNEY Australia's three biggest banks, including no. 1 lender National Australia Bank (NAB) , on Wednesday said they had lodged a joint application with anti-trust regulators seeking approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones.

1:24am EDT

ARM, soon to be bought by Softbank, posts second-quarter profit rise

LONDON British chip designer ARM Holdings, which earlier this month agreed to be bought by Softbank Group Corp for $32 billion, reported a 5 percent rise in second quarter profit on Wednesday.

Deals, 2:20am EDT

Tesla's Musk sees 'modest' capital raise for next strategic turn

SPARKS, Nevada Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. | Video

4:51am EDT

The identity crisis that led to Yahoo's demise

SAN FRANCISCO When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. | Video

Deals Jul 26 2016