Apple sees first sales dip in more than a decade as super-growth era falters
SAN FRANCISCO (Reuters) – Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponenti…
Global stocks, dollar struggle ahead of Fed as oil falters
LONDON (Reuters) – European stocks succumbed to another slide in oil prices on Wednesday as markets waited cautiously to see what the Federal Reserve’s reaction will be to what has been a brutal start to the year for world markets.
United Technologies quarterly revenue falls 4.5 percent
(Reuters) – United Technologies Corp, which makes Pratt & Whitney aircraft engines and Otis elevators, on Wednesday reported a 4.5 percent decline in fourth-quarter revenue, hurt by a strong dollar.
Bosch launches internal probe into emissions scandal
STUTTGART (Reuters) – German auto supplier Robert Bosch [ROBG.UL] said it had launched an internal probe to investigate whether any of its staff were involved in a scandal over the rigging of automotive emissions tests that has engulfed Volkswagen .
Iraq says would consider deal on global oil cuts but it is still elusive
BAGHDAD (Reuters) – Iraq is ready to take part in an extraordinary OPEC meeting and even reduce its fast growing output if all OPEC and non-OPEC members agree – a deal which at this stage seems elusive, the country’s finance minister said.
Health insurer Anthem reports lower-than-expected quarterly profit
(Reuters) – Health insurer Anthem Inc , which is in the process of buying smaller rival Cigna Corp , reported a net profit that fell short of analysts’ estimates, hampered by weakness in its Obamacare business.
RBS takes $5.1 billion hit in bid to break from past
LONDON (Reuters) – Royal Bank of Scotland tried to put its troubled past behind it on Wednesday by making a 3.6 billion pound ($5.1 billion) provision to top up its pension fund and make amends for British and U.S. mis-selling.
U.S. shale firms, struggling to profit with $30 oil, slash spending more
HOUSTON (Reuters) – Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30 a barrel oil prices, with one of them saying prices would need to rise more than 20 percent just to turn …
Foxconn details offer for troubled sharp, Gou steps in: source
TOKYO (Reuters) – Taiwan’s Foxconn has detailed its offer for troubled electronics maker Sharp Corp , a person with direct knowledge of the talks said, potentially complicating a rescue bid led by a Japanese state-backed fund.
Ackman acknowledges mistakes in 2015, details changes in portfolio
BOSTON (Reuters) – Sitting on a double-digit loss that is the deepest in his firm’s history, billionaire investor Bill Ackman on Tuesday told investors that he made mistakes last year in not cutting two big positions but said he sees plenty of new inve…
