Apple could use Brooklyn case to pursue details about FBI iPhone hack: source
SAN FRANCISCO (Reuters) – If the U.S. Department of Justice asks a New York court to force Apple Inc to unlock an iPhone, the technology company could push the government to reveal how it accessed the phone which belonged to a shooter in San Bernardino…
Most U.S. car headlights inadequate, insurance group’s ratings find
WASHINGTON (Reuters) – Headlights on a third of U.S. midsize car models do a poor job, and only one, the Toyota Prius v, performed well enough with an optional upgrade to earn a good rating from the Insurance Institute for Highway Safety in results rel…
American Apparel names former Liz Claiborne head as chairman
(Reuters) – Teen apparel retailer American Apparel Llc has named the former head of handbag retailer Liz Claiborne Inc as chairman of its new board of directors, according to a letter to the company’s wholesale customers obtained by Reuters.
Music streaming company Spotify raises $1 billion in convertible debt
(Reuters) – Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service said.
Goldman raises $1.5 billion in infrastructure fund first close: sources
(Reuters) – Goldman Sachs Group Inc closed the first stage of fundraising for its newest infrastructure fund with about $1.5 billion, according to people familiar with the matter.
GM sees U.S. market share stabilizing despite cut in fleet
DETROIT (Reuters) – General Motors Co plans to cut sales to U.S. rental car fleets by 80,000 to 90,000 vehicles this year without surrendering significant market share, the head of the automaker’s North American operations told Reuters on Tuesday.
Cautious Yellen pushes back on Fed officials eyeing hike
NEW YORK (Reuters) – Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed only cautiously as it looks to raise interest rates, pushing back on a handful of her colleagues who have suggested another move may be just ar…
Lawsuit accuses Target of not paying overtime to some warehouse workers
CHICAGO (Reuters) – Target Corp has been accused in a lawsuit of failing to pay overtime to workers with low-level management responsibilities at its warehouses in New York state.
GE to sell $1.4 billion U.S. hotel franchise loan portfolio
(Reuters) – General Electric Co said it had agreed to sell GE Capital’s U.S. hotel franchise loan portfolio to a unit of Western Alliance Bancorp .
Higher taxes in Obama’s budget would cut deficits: CBO
WASHINGTON (Reuters) – U.S. President Barack Obama’s fiscal 2017 budget would produce $6.9 trillion in deficits over the next decade if enacted, about $2.4 trillion less than under current tax and spending laws, congressional forecasters said on Tuesda…
