Apple Pay Is Here, With Limits

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Apple began its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.

AbbVie, Shire Terminate Deal

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AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.

Adidas Shares Jump on Reebok-Bid Talk

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Shares in German sportswear company Adidas jumped as much as 8.1% on Monday amid optimism about a potential $2.2 billion bid for its Reebok unit.

Japanese Electronics Get Lift From China

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China’s smartphone boom is being fueled by Japanese parts makers, a rare bright spot in Japan’s gloomy electronics industry.

UPS Plans 4.9% Average Price Increase

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UPS is planning to increase freight rates by an average of 4.9% a package after the holiday season, in the U.S., Canada and Puerto Rico, the company said Monday.

Apple Profit Jumps on iPhone Sales

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Apple said its quarterly profit rose 13% as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.

Texas Instruments Forecast Tops Views

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Texas Instruments Inc. projected fourth-quarter profit that topped Wall Street’s estimates as the chipmaker also reported that its third-quarter earnings rose 31% thanks to stronger sales and margins.

Chipotle Sees Sales Growth Slowing

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Chipotle warned its sales growth next year may slow from the robust gains reported in recent periods, even as the burrito chain posted stronger-than-expected earnings and revenue for its third quarter.

Valeant Pushes Business Strength

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Valeant Pharmaceuticals, facing an important junction in its six-month effort to take over Botox-maker Allergan, said its third-quarter results refute Allergan’s attacks on its business model.

TPG to Take Majority Stake in Hollywood Powerhouse CAA

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Private equity firm TPG Capital is investing close to $250 million in Creative Artists Agency LLC, a deal that will increase its stake in Hollywood’s largest talent agency to 53%.

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