Thursday, January 28, 2016
Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world's most valuable company.
JPMorgan Chase has agreed to pay US$1.42 billion to settle allegations that it withheld critical funds from Lehman Brothers in the final days leading up to Lehman's collapse during the financial crisis.
Yahoo Japan said Wednesday it is strengthening policing of illegal ivory on its online commerce site as criticism grows it is supporting a trade that fuels the slaughter of wild elephants.
Toyota Motor Corp. said Wednesday it sold 10.151 million vehicles in 2015, retaining its status as the world's top-selling automaker for the fourth straight year.
Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on its remaining aerospace and defense business.
The Royal Bank of Scotland says it is putting aside some 2 billion pounds (US$2.8 billion) as the taxpayer-owned institution continues to tally the costs of misconduct and legal claims.
Procter & Gamble Co. on Tuesday reported a higher quarterly profit that topped expectations as price hikes and cost-cutting offset a decline in sales volume.
Insurer AIG is selling its broker-dealer segment, starting an initial public offering for its mortgage-insurance division and slashing expenses after coming under pressure from activist investor Carl Icahn.
The first China Airlines (CAL) A350 passenger jet will begin its final assembly at the Airbus plant in Toulouse. Delivery is scheduled for the third quarter of this year. The A350 is the most advanced Airbus passenger jet.