Apple Pay Moves World Closer to Mobile Payment Acceptance

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ApplePay’s recent launch in the U.S. is the latest indication that paying for things with our phones will become more normal, but for most, “normal” remains some way away.

Japan Pension Fund Bucks Bond Trend

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With most pension funds investing a large proportion of their assets in debt, Japan’s government pension fund has turned the other way and slashed its debt holdings and moved further into local and foreign stocks in a bold move into riskier allocations.

Altice About to Make Firm Offer for PT Portugal

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Telecom company Altice SA is set to make a firm offer to buy PT Portugal from its Brazilian owner, as competition heats up for the Portuguese unit valued at over €6 billion.

Wal-Mart Weighs Matching Web Prices

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Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into profits.

Newell Rubbermaid Seeks to Sell Units to Focus Portfolio

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Newell Rubbermaid said that it will pursue the sale of its Endicia online postage and Calphalon retail outlet stores and kitchen electrics businesses to create a more focused portfolio.

NTT DoCoMo to Combine Broadband, Mobile Services

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Japan’s largest mobile network operator will start selling high-speed broadband and mobile services in a single, discounted package as it responds to fierce competition and a sharp earnings decline.

Hilton Worldwide: Profit Falls, Outlook Rises

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Hilton Worldwide said its third-quarter profit edged down on higher expenses, but the hotel operator raised its outlook for the year on strong revenue and occupancy rates.

Former Android Leader Leaving Google

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Andy Rubin, co-founder and former leader of Google Inc.’s Android mobile business and the current head of its nascent robotics effort, is leaving the Internet company, the company said Thursday.

AB InBev Sales Fall

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Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.

British Airways' Parent Lifts Guidance

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British Airways parent, International Consolidated Airlines Group, raised its full-year earnings guidance as a turnaround at its Spanish unit Iberia spurred a 30% rise in operating profit in the third quarter.

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