Apple's iCloud Is Under Attack in China

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Apple’s iCloud service for users in mainland China has been hit by an attack that could allow perpetrators to intercept and see usernames, passwords and other personal data, activists and security analysts said.

Another Blow to Hedge Funds: Spinoff Bets

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U.S. companies are selling off divisions at a record pace, but such moves aren’t boosting shares as they did in the past. That has meant losses for some hedge funds that seek to profit from—and sometimes actively push for—such corporate splits.

Bay Area's Office Boom Stalls in the East

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San Francisco’s ability to nurture homegrown technology companies and lure larger ones from Silicon Valley has been a modern-day gold rush for the city’s property owners. So far, though, the spoils haven’t reached the city’s neighbors across the bay.

Wells Fargo Banks on European Real Estate

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Wells Fargo, the largest U.S. commercial-property lender, is pushing deeper into Europe amid worries about the strength of the U.K. market and as eurozone countries slide toward recession.

Investor's Solo Act Is a Hit in Houston

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When APF Properties was seeking a partner to acquire an office building in Houston’s ritzy West Loop/Galleria area, it was turned down by 60 investor groups. A year later, it has proved to be one of the best investments in the 19-year history of the New York firm.

Target Offers Free Holiday Shipping

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Free shipping offer for Web purchases is part of Target’s effort to compete with Amazon.com and Wal-Mart Stores and bounce back from a disastrous 2012 holiday season.

Coke Promises Cost Cuts as Profit Falls

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Coca-Cola Co. continues to flail as soda consumption declines in the U.S., China, Brazil and elsewhere. Third-quarter profit fell 14%, and Coke lowered its long-term revenue target and warned it will miss profit targets.

British Columbia Proposes Natural Gas Tax Break

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Canada’s British Columbia province introduced legislation to lighten the tax burden for natural-gas export terminals, a move aimed at spurring development.

Walgreen Faces Investor Pressure

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An activist adviser for union pension funds is pressing Walgreen Co. to postpone seeking shareholder approval of a major takeover until directors investigate allegations raised by former Chief Financial Officer Wade Miquelon in a defamation lawsuit.

GT Advanced, Apple in Deal for 'Amicable' Split-Up

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GT Advanced Technologies has signed a pact with Apple Inc. for an “amicable parting of the ways,” Luc Despins, attorney for the bankrupt supplier to the technology giant, said Tuesday.

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