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.
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.
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.
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.
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.
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.