Apple faces lawsuits after saying it slows down aging iPhones
SAN FRANCISCO (Reuters) – Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the yea…
Oil, metals rally supports Asian stocks, dollar steady
SYDNEY (Reuters) – A rally in commodities prices to multi-year peaks pushed resource-linked stocks and currencies higher in Asia on Wednesday, as bullish views on Chinese demand helped copper while supply concerns propped up oil.
Former Baha Mar owner sues Chinese contractor over ‘massive fraud’
(Reuters) – The original owner of the Baha Mar Resort, BML Properties Ltd, has filed a $2.25 billion lawsuit alleging a “massive fraud” by the Chinese contractor of the luxury hotel and casino project in Nassau, the Bahamas, that opened its doors in Ap…
Uber working on deal to sell Xchange Leasing to Fair: source
(Reuters) – Ride-hailing company Uber is working on a deal to sell its U.S. auto-leasing business Xchange Leasing to startup digital car marketplace Fair, according to a person familiar with the matter.
Apple, suppliers drop on report of weak iPhone X demand
BEIJING/SAN FRANCISCO (Reuters) – Shares in Apple Inc and several of its Asian suppliers fell on Tuesday after a report by Taiwan’s Economic Daily and comments from some analysts suggested iPhone X demand could come in below expectations in the first …
Wall Street slips on tech sector weakness
NEW YORK (Reuters) – U.S. stocks declined on Tuesday as Apple and shares of its parts suppliers weakened on a report of soft iPhone X demand, which pulled technology shares lower.
Apple and its suppliers weigh on Wall Street
NEW YORK (Reuters) – U.S. stocks declined on Tuesday as Apple and some of its suppliers weighed on the technology sector on a report of soft iPhone X demand.
Bitcoin recovers some losses after its worst week since 2013
SINGAPORE/TOKYO/NEW YORK (Reuters) – Bitcoin rose 15 percent on Tuesday, recouping about half of the losses it sustained last week, its worst since 2013, as investors who had missed out on earlier rallies bought the world’s biggest and best-known digit…
U.S. department store stocks jump on holiday spending record
CHICAGO (Reuters) – Shares of U.S. department stores jumped on Tuesday as Mastercard Inc said shoppers spent over $800 billion during the season, more than ever before, boosted by growing consumer confidence, rising employment and early discounts.
Tesla to make pickup truck after Model Y crossover
(Reuters) – Tesla Inc will build a pickup truck soon after producing electric crossover vehicle Model Y, Chief Executive Elon Musk said on Tuesday.
