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U.S. prosecutors, Apple to bring witnesses to hearing on locked iPhone

By Dustin Volz WASHINGTON (Reuters) – The U.S. government and Apple Inc will be able to cross-examine the other's witnesses in a court hearing next week on whether the technology company must help federal investigators unlock an encrypted iPhone tied to one of the San Bernardino killers, Apple said. The hearing, set for Tuesday, is the latest development in a showdown between Apple and the government that has become a lightning rod in the national debate over …

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U.S. prosecutors, Apple to bring witnesses to hearing on locked iPhone

Foxconn lowering offer for Japan’s Sharp: Yomiuri

Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned

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Foxconn lowering offer for Japan’s Sharp: Yomiuri

Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

By Marc Frank HAVANA (Reuters) – Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar investment a day before U.S. President Barack Obama was due to visit Havana. Such deals would normally be prohibited under the U.S. economic embargo of Cuba, but Starwood received special permission from the U…

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Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

Argentina, creditors agree $155 million more in default settlement: mediator

Argentina settled with an additional 115 individual creditors holding defaulted sovereign bonds for $155 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Friday. Pollack's announcement brings the total amount of settlements agreed in principle with U.S. creditors above $6.5 billion and moves Latin America's No. 3 economy closer to ending a festering 14-year legal battled …

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Argentina, creditors agree $155 million more in default settlement: mediator

BofA raises share buyback by up to $800 million

(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier. The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

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BofA raises share buyback by up to $800 million

Staples, Office Depot say FTC opposition to deal ‘simply wrong’

The FTC has said a merger between the two could reduce competition for nationwide contracts for office supplies. It has also rejected Staples' raised offer to divest up to $1.25 billion of commercial contracts to secure approval for the

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Staples, Office Depot say FTC opposition to deal ‘simply wrong’

Oil sets new 2016 highs on production freeze, demand bets

“Focus for now is firmly placed on a global macroeconomic environment that is propelling other industrial commodities such as the metals as well as world equities back to around highest levels since late last year,” said Jim Ritterbusch of Chicago-based energy markets consultancy Ritterbusch & Associates. It was on course to gain 6 percent on the week for a fifth straight week of gains. U.S. crude inventories hit a fifth straight week of record highs last week but the build of 1.3 million barrels was less than half …

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Oil sets new 2016 highs on production freeze, demand bets

Sheraton owner Starwood set to accept offer from China’s Anbang

A successful deal would bolster Anbang's reputation as one of China's top corporate acquirers and would follow its purchase of New York's iconic Waldorf Astoria hotel last

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Sheraton owner Starwood set to accept offer from China’s Anbang

Caesars investors weigh impact of harsh examiner report

An examiner's report on Tuesday found Caesars and its private equity backers could be on the hook for their efforts to keep the struggling casino empire afloat, which ended with last year's bankruptcy of Caesars' operating unit, CEOC. Examiner Richard Davis and an army of lawyers investigated claims …

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Caesars investors weigh impact of harsh examiner report

Chipotle mulls more food giveaways as customers slowly return

Executives speaking at an investment conference on Wednesday said the company has recovered about one-third of sales lost to a string of food safety lapses last year, and more free offers may be forthcoming as part of

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Chipotle mulls more food giveaways as customers slowly return

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