SAN FRANCISCO (Reuters) - Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker.
Verizon's move to unlimited data ups ante in wireless war
NEW YORK (Reuters) - Verizon Communications Inc's announcement that it will once again offer an unlimited pricing plan marks a shift in its thinking as a price war among the four biggest U.S. wireless carriers accelerates.
Samsung chief grilled for 15 hours in South Korea graft probe
SEOUL (Reuters) - Samsung Group [SAGR.UL] chief Jay Y. Lee was questioned by South Korea's special prosecutor for more than 15 hours as part of an investigation into a graft scandal that threatens to topple President Park Geun-hye.
GM, Toyota says U.S. rules limiting self-driving cars need to be eased
WASHINGTON (Reuters) - General Motors Co and Toyota Motor Corp officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American roads.
Daimler to focus Smart brand on electric cars in U.S., Canada: report
FRANKFURT (Reuters) - Daimler will stop selling cars under the Smart brand with combustion engines to focus on electric cars, Frankfurter Allgemeine Zeitung reported, citing a letter that Mercedes-Benz USA sent to dealerships.
Toshiba to issue business risk warning on Tuesday: Nikkei
(Reuters) - Toshiba Corp will issue on Tuesday its first-ever warning that it may not be able to continue as a going concern, following massive nuclear-related losses, the Nikkei reported.
Drivers' strike paralyses Uber, Ola services in Indian capital
NEW DELHI (Reuters) - A strike led by drivers' unions in the Indian capital demanding better pay from Uber [UBER.UL] and Ola has paralyzed the ride-hailing services that have grabbed business from traditional taxi and rickshaw operators with their cheaper fares.
Toshiba prepares to unveil nuclear hole, other perils threaten
TOKYO (Reuters) - Toshiba Corp will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group's efforts to fix that and other balance sheet headaches.
Uber rival Grab to buy Indonesian online payment startup for over $100 million: source
JAKARTA (Reuters) - Grab is likely to announce a deal to buy Indonesian online payment startup Kudo for over $100 million, a source close to the matter said, in a move that will help the Southeast Asian ride-hailing firm roll out its services to more customers.
Australian banks narrow focus of Apple Pay collective bargaining request
SYDNEY (Reuters) - Australian banks seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention.