Apple made a record profit in the final three months of last year, with CEO Tim Cook calling it the "biggest quarter in the company's history." But the stellar numbers obscure a trend likely to be worrying the company.
A federal court has ruled that Samsung must pay over half a billion dollars in damages to Apple for illegally copying some of the iPhone's features. The tech giants have been tangled in a patent lawsuit for seven years.
The British government has sold a 7.7-percent stake in Royal Bank of Scotland. Taxpayers, who bailed out the lender in the depths of the financial crisis, incurred a huge paper loss of more than two billion pounds.
US electric carmaker Tesla has announced it will cut about 9 percent of its global workforce to enhance profitability. CEO Elon Musk insisted that Model 3 production would not be affected by the move.
Not satisfied with just being in customers' pockets, Apple now wants to be in their wallets too — in the form of a new credit card. It's a nod to an old payment system from one of the world's most innovative companies.
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