Apple Reports Strong iPhone Sales, Earnings

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Apple reported its second straight quarter of double-digit percentage growth in iPhone sales as it heads into a major refresh of the company's flagship product.

Kurds Pin Future on Stealth Oil Sales

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Iraqi Kurdistan's recent efforts to sell its oil abroad, which Iraq has declared illegal, show the steep barriers Kurds face in becoming a legitimate player in international energy markets.

Ford Names Lincoln Division President

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Ford Motor named Kumar Galhotra to the newly created post of president of Lincoln to open a "new chapter" for a brand that has struggled to compete in the luxury automobile business.

Electronic Arts Posts Solid Profit Rise

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Electronic Arts reported solid profit growth in its first fiscal quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

Intuitive Surgical's Second-Quarter Profit Falls

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Intuitive Surgical, which has faced concerns over its robotic-surgery systems, reported another quarter of declining revenue, but its shares jump as results still beat expectations.

Flir Systems Piggybacking on the Smartphone

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Flir Systems Inc. Chief Executive Andy Teich is marrying his security and sensor company's latest thermal-imaging camera to the smartphone to tap into the consumer mass market.

DEA Looking into Safeway's Record Keeping

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The Drug Enforcement Administration is looking into Safeway Inc.'s record keeping related to the theft of controlled substances, the supermarket chain disclosed Tuesday.

Microsoft's Net Takes Hit on Nokia

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Microsoft said its quarterly profit declined as the company absorbed a financial hit from acquiring Nokia's money-losing cellphone business.

New Ignition-Switch Recall for Older Jeeps

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No. 3 U.S. auto maker said it would recall as many as 792,000 older Jeep sport-utility vehicles after receiving complaints drivers could unintentionally shut off the vehicles by jarring the keys.

Danone Weighs Expansion Opportunities

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Danone has launched a strategic review to ensure its long-term growth, amid renewed speculation over whether the French dairy group can survive as a stand-alone company.

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