BUSINESS

The treasury secretary says it is a mistake for the European Commission to impose a retroactive tax bill on Apple.

The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable policies instead bought costly "reinsurance" requiring them to cover each other's losses.

The remarks allayed fears of a September interest rate hike.

Major European stock indexes fell as much as 2 percent in early deals, putting them on course for their biggest losses since June.

Investors were rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week.

The updated system now will temporarily prevent drivers from using it if they fail to respond to audible warnings to take back control of the car.

The European Central Bank gave the U.S. Federal Reserve maneuvering room by not extending its asset-buying program beyond March.

Mobile commerce and engagement platform GPShopper released a study on how consumers prefer to engage with their fashion content.

The Japanese automaker is pulling 120,000 vehicles over fears brake fluid could cause fires.

The experimental food delivery by Alphabet’s Project Wing, due to start this month, will be available only for select employees and students at Virginia Tech.

The bank was fined by California and federal regulators for allegedly opening millions of unauthorized accounts to meet aggressive sales goals.

The electric car maker introduced its shortest leasing option for both the Model S sedan and the Model X SUV on Aug. 20.

The move is part of HPE chief Meg Whitman's plans to shift strategy to focus on key areas such as networking, storage and technology services.

The Colorado media company will change its name to Formula One Group as a part of the deal, which is expected to be complete by the first quarter of 2017.

On Tuesday, Piper Jaffray claimed that Netflix has a stock value of $122.

Before, during, and after CEO Tim Cook's announcements Wednesday, Apple Inc's stock fluttered but remained stagnant.

Weak US data was a blow to the case for the Federal Reserve to raise interest rates as soon as this month.

The activist investor said in a regulatory filing late Tuesday that the company’s shares were undervalued and that he would be speaking with management.

As the start of the 2016 NFL season approaches, many daily fantasy sports players won't be able to participate.

The US economy added fewer jobs in August, slowing down job growth. Economists say it could rule out an interest rate hike this month.

The $35 billion merger between the two ride-hailing services was announced on Aug. 1, with Didi Chuxing taking control of the Uber brand in China.

This is Mazda's second recall of the week.

Vermont Senator Bernie Sanders hailed the EU’s Tuesday ruling that asked Apple to pay $14.5 billion in back taxes. Meanwhile, Turkey invited the company to move.

The possible partnership with an unidentified company could be the first time a Japanese firm builds arms for a foreign customer.

The technology giant pays tax at rates sometimes below 1 percent on its European earnings, based on its tax deal with Ireland, where its European operations are headquartered.

U.S. home resales fell, but prices continue to trend higher. This comes a day after government data showed new home sales vaulted to a nine-year high in July.

Analysts said the falls were a result of a price rally which lifted crude by over 20 percent between the beginning of this month and late last week.

The decision removes significant uncertainty over the takeover of the world's largest pesticides maker.

The all-cash deal for Medivation, which markets a blockbuster prostate cancer drug, is not expected to affect Pfizer’s 2016 financial guidance.