U.S. government, Apple take encryption case to court of public opinion
(Reuters) – Apple Inc on Monday urged the creation of a government panel on encryption, the latest salvo in a standoff over a locked iPhone linked to the San Bernardino shooting that has escalated into a public relations battle between the revered tech…
Home Depot sales beat on housing recovery, outdoor demand
(Reuters) – Home Depot Inc , the world’s largest home improvement chain, reported better-than-expected sales, boosted by an improving housing market and mild weather in the holiday quarter that encouraged customers continue outdoor activities and home …
VW CEO expects to win back customers despite cheating: DPA agency
BERLIN (Reuters) – Volkswagen’s chief executive expects the carmaker to win back the trust of its customers following the emissions test-rigging scandal after its core autos division swung back to growth in January, German news agency DPA reported on T…
Mars recalling products in 55 countries: AP
LONDON (Reuters) – U.S. chocolate company Mars Inc is recalling candy bars and other items in 55 countries after plastic was found in one of its products, the Associated Press reported on Tuesday.
Global stocks retreat as oil gains dissipate
NEW YORK (Reuters) – Global equity markets lost ground on Tuesday, slowing the recent recovery in riskier assets as oil prices reversed some of their recent bounce and benefited safe-haven assets like the Japanese yen and gold.
Western Digital says China’s Unisplendour drops investment plan
(Reuters) – Western Digital Corp said China’s Unisplendour Corp Ltd backed out from buying a stake in the hard-disk maker, forcing the U.S. company to cut the price of its proposed offer for rival SanDisk Corp by 9 percent.
Lexmark says ‘positive interest’ in strategic options as jobs cut
(Reuters) – Printer maker Lexmark International Inc said on Tuesday it would cut 550 jobs, or about 4 percent of its worldwide workforce, as it considers its future.
Bank of Montreal profit up; U.S. unit offsets bad energy loans
TORONTO (Reuters) – Bank of Montreal , Canada’s fourth-largest lender, posted a higher quarterly profit that topped market expectations on Tuesday, lifted by growth in its U.S. retail banking business.
Lamborghini CEO to head Audi’s performance car unit
BERLIN (Reuters) – Lamborghini Chief Executive Stephan Winkelmann will take the helm of Audi’s performance car division quattro GmbH, Audi said on Monday.
Higher prices help Toll Brothers beat revenue estimates
(Reuters) – Toll Brothers Inc , the largest U.S. luxury homebuilder, reported a higher-than-expected 8.8 percent rise in quarterly revenue, as it sold homes at higher prices, and said it was optimistic about the spring selling season.
