Apple’s iPhone 7 more expensive to make: IHS Markit
(Reuters) – Apple Inc is spending more to manufacture its iPhone 7 smartphone than predecessor iPhone 6S due to features such as a bigger battery and larger storage capacity, according to a teardown by IHS Markit Ltd .
Wall Street ends flat with Fed, BOJ up next
(Reuters) – Wall Street ended little changed on Tuesday as healthcare gains countered declines in energy shares, a day before highly anticipated outcomes of monetary policy meetings in the United States and Japan.
Microsoft raises dividend, plans $40 billion share buyback
(Reuters) – Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program.
Skincare products maker Nu Skin settles SEC probe
(Reuters) – Nu Skin Enterprises Inc said it had reached an agreement with the Securities and Exchange Commission to settle a probe into the skincare products maker’s charitable contribution in China in 2013.
EC competition official: no new wave of U.S. tax probes
WASHINGTON (Reuters) – The European Union’s competition regulator said on Tuesday she is not about to launch a new wave of tax investigations against U.S. companies after last month’s 13 billion-euro ($14.5 billion) decision against Apple Inc .
Ex-President George W. Bush dips toe into U.S. trade debate
DALLAS (Reuters) – Former U.S. President George W. Bush on Tuesday entered the debate over the Trans-Pacific Partnership, hosting a forum at his presidential library extolling his successor’s Asian free trade deal.
IEX plans corporate listings on ‘Flash Boys’ exchange in 2017
NEW YORK (Reuters) – IEX Group, the newest U.S. equities exchange operator, is actively courting companies to list their stocks on its exchange, according to a letter sent to potential listing clients that was obtained by Reuters.
Shell moving out of downtown complex but to remain in Houston
HOUSTON (Reuters) – Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, plans to move most of the operations at its company’s downtown headquarters to new offices on the city’s west side, Shell announced to employees on Tuesday.
Mylan shares languish at low valuation as EpiPen hearing nears
NEW YORK (Reuters) – Shares of Mylan NV are trading at historically low valuations as the company’s chief executive officer is set to face a congressional grilling on Wednesday over the price of its EpiPen emergency allergy treatment.
VW’s Audi head questioned over emissions scandal
HANOVER, Germany (Reuters) – The head of Volkswagen’s luxury car division Audi has been questioned by investigators looking into the company’s emissions scandal, VW Chief Executive Matthias Mueller said on Tuesday.
