Sectors
Apple takes 92 percent of global smartphone earnings despite selling only 20 percent of total handsets
Apple, Inc. took a 92 percent share of the profits of the entire smartphone industry in the first quarter of 2015. This is despite the fact that Apple's iPhones only accounted for less than 20 percent of all phones sold within that period.
Twitter confirms purported Bloomberg story is false
A report claiming that Twitter Inc (TWTR.N) received an offer to be acquired for $31 billion attributed to Bloomberg LP is fake, Twitter and a spokesman for the news and financial data provider said on Tuesday.
WPX Energy to enter Permian basin with $2.35 billion deal
Oil and gas producer WPX Energy Inc (WPX.N) said it would acquire privately held RKI Exploration & Production LLC [REPI.UL] for $2.35 billion, the latest in a series of deals brought on by a steep drop in crude prices.
EU steps up pressure for rapid deal to revive asset-backed debt
European Union reform of the securitized debt market to help to revive the region's economy is likely to be binding on member countries to speed up change, a senior official from the bloc's executive body said on Tuesday.