Business

Apple Inc (AAPL.O) said on Wednesday it was surprised by supplier GT Advanced Technologies Inc's (GTAT.O) bankruptcy filing this week, and is now considering its next steps. GT Advanced, slated to supply scratch-resistant sapphire displays from a new Arizona factory...

German sportswear firm Adidas (ADSGn.DE) has appointed two new senior managers as part of an ongoing overhaul of its top leadership aimed at making the firm quicker to respond to consumer trends to keep up with bigger rival Nike...

BMW (BMWG.DE) has hired Ferrari's former chief engineer as it seeks to strengthen its technical prowess amid intensifying competition with rival German luxury carmakers Audi and Mercedes-Benz. Roberto Fedeli, who joined the Fiat-owned (FIA.MI) Ferrari brand in 1988 and has...

United Parcel Service Inc (UPS.N) said it started a service in the United States that would allow customers to collect or return packages to lockers in neighborhood convenience and grocery stores, addressing concerns of failed deliveries. UPS said it has...

Samsung Electronics has forecast a 60% fall in quarterly operating profit from a year ago because of slowing Galaxy smartphone sales. The world's biggest mobile phones and TV maker said it expects an operating income of 4.1tn won ($3.8bn; £2.5bn)...

GT Advanced Technology Inc shares were attracting the most volume on the Nasdaq on Tuesday morning a day after the sapphire glass maker filed for bankruptcy. GT (GTAT.O) plunged 92.8 percent to 80 cents on Monday, then were up 21.3...

Online retailer Amazon's tax arrangements with Luxembourg are being investigated by European regulators, becoming the latest global company accused of cutting deals with member states to gain an effective subsidy. The European Commission opened an in-depth investigation into the U.S....

Italian car maker Fiat (FIA.MI) said on Tuesday the merger with its U.S. unit Chrysler will be effective as of Oct. 12 after all conditions for the tie-up to go through were met. Fiat said no creditors had opposed the...

U.S. and UK regulators are pushing to settle the Deutsche Bank AG Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources. U.S. prosecutors are also...

SAN FRANCISCO, October 06, (THEWILL) – Barely four weeks after South African authorities confiscated almost $10 million in cash from an Israeli and two Nigerians who had arrived at the Lansera Airport in Johannesburg from Nigeria onboard a private plane...