Apple Music Executive Ian Rogers Leaves After Debut of Service

Apple Inc. said music executive Ian Rogers is leaving the company, a surprise departure coming a couple of months after the debut of a new service he helped create.

Facebook has a billion users in a single day, says Mark Zuckerberg

For the first time over a billion people used Facebook on a single day, according to company founder Mark Zuckerberg.

Total sells $900m of its UK gas assets

Total, one of the biggest energy firms operating in the North Sea, has sold off $900m (£585m) of UK gas interests to cut costs, amid the continuing collapse of oil prices.

Tesco, Asda sales fall as discounters advance-Kantar

LONDON, Aug 25 (Reuters) - Britain's "big four" supermarkets have all lost market share in a barely growing grocery market, with Tesco and its main rivals failing to keep pace with discounters Aldi and Lidl, Kantar Worldpanel said on Tuesday.

Osborne: Lloyds Bank sell-off done 'within the year'

Chancellor George Osborne has said he hopes the sale of the UK government's shares in Lloyds Banking Group will soon be completed.

Apple's China business strong in July and Aug: Cook to CNBC

Apple Inc's China business experienced "strong growth" in July and August, Chief Executive Tim Cook told CNBC on Monday, seeking to assuage investor concerns over the company's prospects in a market considered critical for its growth.

Microsoft Files U.S. Antitrust Suit Against InterDigital

Microsoft Corp. is claiming InterDigital Inc. has been violating its pledge to offer fair and reasonable licenses on patents related to fundamental mobile-phone technology.

Apprenticeships plan outlined by government

David Cameron has shared plans to increase the number of apprenticeship programmes that big businesses offer. Companies bidding for government contracts worth more than £10m must show they have a "reasonable proportion" of apprentices.

Chinese companies face culture shock in countries that aren’t like China

PHNOM PENH, Cambodia — Faced with slower growth at home and rising labor costs, Chinese entrepreneurs are seeking foreign markets as never before.

Banks agree $2bn US foreign exchange settlement

Nine banks have agreed to pay $2bn (£1.3bn) in settlements to US investors over claims they rigged foreign exchange rates, according to lawyers.

Samsung Loses Bid for Rehearing in Patent Appeal

Samsung Electronics Co. was rebuffed in its request for reconsideration of whether it infringed Apple Inc.’s patented designs for smartphones.

Shell Arctic drilling 'risky' - ex-BP boss Lord Browne

Drilling for oil in the Arctic may harm Shell's reputation and cost it dear, the former BP boss Lord Browne has said. Shell has just started preliminary drilling in Alaska’s Chukchi Sea after several setbacks.

Google shares close 4.1% up on Alphabet restructuring

Google shares have risen by about 4.1% on Wall Street after investors welcomed news of its restructuring.

Why JPMorgan Sees September Liftoff But Cut Bond Yield Forecasts

JPMorgan Chase & Co. is cutting Treasury yield forecasts even as it stands by its call for a first Federal Reserve interest rate rise in September.

Coca-Cola Near Deal for Organic Juice Company Suja: Sources

Coca-Cola Co. is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big hit with consumers.

Airbus patents plane that could fly from Paris to Tokyo in three hours

Airbus has won a patent for a hypersonic passenger plane, but Concorde’s hydrogen-powered successor is unlikely to leave the drawing board any time soon.

Toyota's first quarter profit rises 10%

Japanese carmaker Toyota has reported a 10% increase in profits for the first quarter of its fiscal year, helped by the weak yen and cost cuts.

HSBC's pre-tax profit up 10% in first half of the year

Profit at Europe's largest bank, HSBC, was up 10% in the first half of this year compared with a year ago on strong earnings in Hong Kong.

Google, Amazon Show Investors Cost Control Is Key for Tech

Investors have started to reward Internet companies that can show both financial discipline and a path to long-term growth, making Amazon.com Inc. and Google Inc. the clear winners of the technology earnings season.

With no sign of oil price rebound, Shell wields axe again

LONDON (Reuters) - Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts as it seeks to reassure investors it can withstand an extended period of lower oil prices, even through its planned $70 billion acquisition of BG Group.

Treasuries Leave Apple, Verizon in Shade as Investors Flee Risk

Treasuries are paying the smallest yield in two years compared with U.S. corporate bonds as investors seek the safest securities and shun the riskier ones.

UBS bank sees 53% jump in net profit

Swiss bank UBS has reported a 53% increase in net profits for its second quarter compared to the previous year.

Fiat Chrysler recalls 1.4 million cars after Jeep hack

Fiat Chrysler has issued a safety recall affecting 1.4m vehicles in the US, after security researchers showed that one of its cars could be hacked.

Starbucks Attempts to Create a Caffeine-Based Currency

Airlines have long given out miles to customers for credit-card purchases made at other stores. Now Starbucks Corp. is trying a similar feat with its loyalty program.

New York state to raise fast food minimum wages

New York state fast food workers' wages will eventually rise to $15 (£9.60) an hour, after a state wage board unanimously recommended the increase.

Royal Mail reports flat revenues

Royal Mail has reported flat revenues in the three months to 28 June as UK letter volumes continued to decline.

Toshiba accounting probe set to prompt board reshuffle, possible fines

A probe into an accounting scandal at Toshiba Corp is expected to find that top management were responsible for failures on a company-wide scale, setting the stage for a board overhaul, results restatements and potentially hefty fines.

Google shares soar 13%

Analysts expected to hear newly hired CFO Ruth Porat describe cost cutting measures, and she delivered.

Supermarket pricing: CMA finds 'misleading tactics'

The competition regulator says it has found evidence that supermarkets are misleading customers with confusing pricing promotions.

HSBC misses Apple Pay UK launch

HSBC has said its customers will not be able to use the new Apple Pay system as it launches on Tuesday in the UK.

Microsoft Strikes New Tone for Windows 10 Release

SEATTLE — Almost 20 years ago, Microsoft licensed the Rolling Stones song “Start Me Up” to add a dash of rock ‘n’ roll to the release of Windows 95, the product that catapulted the company to a high-water mark of influence in the tech industry.

Apple Watch Sales Have Fallen Off a Cliff

Apple hasn't released any sales figures on its Apple Watch, and now Business Insider wonders if it's because the much-hyped product is tanking.

Swiss banks agree US tax evasion deal with Justice Department

Two more Swiss banks have agreed deals with the US Justice Department over tax evasion by Americans.

Curtain Falls on Nokia’s Finnish Home in Boom-to-Bust Demise

Microsoft Corp.’s move to close the site where Nokia assembled its last mobile phone in Finland leaves it with a skeletal crew in the country, spelling the end of an era for what was once the world’s dominant handset manufacturer.

UK car sales hit record high in June

UK new car sales in the year to June rose at the fastest rate on record, a motor industry survey has found.

FCA's £819m in fines revenue gives Osborne room to fund worthy causes

The Financial Conduct Authority has imposed more than £800m of fines on banks and other companies in the first half of this year – giving the chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.

Shell Arctic oil drilling to commence within weeks

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells.

Burger King wants to do something that McDonald's has never been able to accomplish

Burger King wants to start selling veggie burgers worldwide.

Macy's cuts ties with Donald Trump over Mexico comments

US retailer Macy's has ended its relationship with Donald Trump after the businessman and presidential candidate made controversial remarks about Mexican immigrants.

Sony shares fall 8% on fund raising plan

Shares in struggling Japanese electronics giant Sony have fallen more than 8% after it announced plans to raise billions of dollars in a sale of shares and convertible bonds.

Volkswagen to launch budget car family in 2018: CEO in paper

FRANKFURT (Reuters) - Germany's Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.

Apple Purges Online Store of Certain Apps Using Confederate Flag

Apple Inc., following other retailers, said it eliminated from its online store some third-party apps that feature the Confederate flag.

Wal-Mart has a massive plan that should terrify Whole Foods, Kroger, and Trader Joe's

Wal-Mart is gearing up to dominate the grocery business. The retailer's smaller-format stores, called Neighborhood Markets, are a major threat to traditional supermarkets like Whole Foods, Kroger, and Trader Joe's, and they are expanding rapidly, according to Moody's analysts.

Coca-Cola isn't one giant corporation — it's a system of almost 275 companies

Unless you're an attentive investor or you work in the industry, you may not realize that Coca-Cola isn't just one giant corporation; it's a system of almost 275 independent small companies connected to The Coca-Cola Company.

Lufthansa cabin crew say no more talks, strikes more likely

A German cabin crew union on Saturday said it would not resume talks with Lufthansa after mediation failed in a dispute over pay and pensions, adding it would give an update on its next steps on June 22.

Petrobras scandal: Top construction bosses arrested in Brazil

Two top Brazilian businessmen have been arrested as part of a major investigation into corruption at state-owned oil giant Petrobras.

RBS says accounts updated after glitch

RBS has said that the payment problems experienced by some customers earlier in the week have now been resolved and accounts have been updated.

James Murdoch to become Fox chief executive on 1 July

The entertainment firm 21st Century Fox has confirmed that James Murdoch will take over as chief executive from his father Rupert on 1 July.

Costa Coffee owner Whitbread grinds out first-quarter sales increase

Whitbread has announced a strong start to the financial year with first-quarter sales up 4.3% at its Premier Inn and Costa Coffee chains.

Paris Air Show: Airbus and Boeing end day on 200 orders

Planemakers Airbus and Boeing ended the first day of the Paris Air Show with more than 200 combined orders.

Twitter CEO Transition Delays Changes Wall Street is Waiting For

When Twitter Inc. announced a change in leadership, the stock gained on optimism that co-founder and interim Chief Executive Officer Jack Dorsey would bring the vision and product expertise to improve the service.

Network Rail profits halve as accounting changes bite

Network Rail annual pre-tax profit has halved to £506m ($782m; €692m), compared with £1.04bn a year earlier.

Most Apple Pay payments will have £20 limit, banks say

Most payments using the new Apple Pay system will be limited to £20 when it launches in the UK in July, the BBC understands.

FIFA crisis? Not with the world's first $1 billion soccer brand

It's not winning on the pitch but Manchester United has claimed another title: The world's most valuable soccer brand.

Deutsche Bank bosses resign in the wake of Libor scandal

The two co-chief executives of scandal-hit European banking giant, Deutsche Bank, have resigned.

Lloyds hit by record £117m fine over PPI handling

State-backed Lloyds Banking Group has been fined a record £117m by the City watchdog for mis-handling payment protection insurance (PPI) complaints.

Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,

George Osborne has said.

Big six energy firms face price call from Energy Secretary Amber Rudd

The major energy suppliers in the UK are facing pressure from the new government over their prices. Energy Secretary Amber Rudd has spoken and written to the "big six" suppliers to question them about whether prices are reflecting companies' costs.

100,000 Walmart managers get a raise

Walmart, which started raising worker pay in April, will hike the wages of 100,000 managers by as much as 26%.