Apple posted a 33% increase in quarterly profit, boosted by surging iPhone sales and explosive growth in China. The company also raised its dividend 11% and its share-repurchase program by $50 billion.
Nomad’s founders Martin E. Franklin and Noam Gottesman, backed by the surging strength of the U.S. dollar, want to climb to the top of the food chain. Nomad last week agreed to buy Iglo Foods for €2.6 billion ($2.81 billion)
Verizon Communications says rival Dish Network’s coordinated bidding with two affiliated entities in an Federal Communications Commission spectrum auction went too far and may have violated the agency’s rules.