As smartphone screens grow larger and laptop computers grow thinner and lighter, sales of the iPad are declining and growth slowing for rival Android tablets.
Gilead Sciences's new hepatitis C treatment, Sovaldi, had $3.48 billion in second-quarter sales, more than expected, continuing its historic drug launch.
AT&T said its second-quarter profit fell 7.2% as wireless service revenue took a hit from a drop in prices tied to a shift in strategy.
A drop in participation rates and disinterest among young people, particularly millennials, have sent the retail and sporting ends of the business scrambling for a new strategy.
Facebook reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from advertising on mobile devices.
The world's largest mining company said it planned to continue ramping up iron-ore production despite tumbling prices and a global glut in supplies of the steelmaking ingredient.
American Apparel chose a new board, bringing the company a step closer to determining the fate of Dov Charney, the company's founder.
Otter Media, a joint venture between AT&T Inc. and media company Chernin Group, is in advanced talks to take a controlling stake in YouTube video producer Fullscreen Inc.
Bombardier Inc. said it would split its aerospace business into two segments focused on commercial and business aircraft.
Qualcomm's third-quarter profit rose 42% and the San Diego-based company on Wednesday also increased its full-year earnings outlook.