IBT Staff Reporter

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Instant view: Apple's latest iPhone fails to excite

New Apple Inc CEO Tim Cook presided over the company's first major media launch since taking over from Steve Jobs in August, but the latest version of the iPhone he unveiled did not excite investors, sending its shares down as much as 5 percent.

Exclusive: Buffett not worried by BofA share fall

Billionaire investor Warren Buffett is not concerned by the sharp drop in Bank of America Corp shares in the last couple of days, despite his $5 billion investment in the company last month, he told Reuters on Tuesday.

Apple Unveils New iPhone -- and It's Not iPhone 5

New Apple CEO Tim Cook began his first product launch on Tuesday at Apple's headquarters in Cupertino by trumpeting all of his company’s successes, but after almost an hour of self-promotion and smaller updates, Apple unveiled its latest iPhone, the 4S.

US lawmaker: China cyber espionage 'intolerable'

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.

Relativity partners with Spotify for film promotion

Relativity Media has become the first studio to partner with the digital music service Spotify for film promotion, announcing on Monday that it will run promotional media on the service to boost the November 11 launch of the action-adventure film Immortals.

Project Runway spin-offs line up guest judges

Debra Messing, Kelly Osborne, Isaac Mizrahi, Miranda Kerr, Pharrell Williams, Kenneth Cole, Molly Sims, along with diva Muppet Miss Piggy, will highlight the launch of two new Project Runway spin-offs on Lifetime November 3.

Stateless income: David Cay Johnston

From the way Washington politicians in both parties tell it, you may well think that multinational companies favor low-tax jurisdictions when investing overseas. They don't.

European court ruling strikes at soccer TV deals

A decision handed down Tuesday by a court in Luxembourg could significantly change the Premier League's TV contracts to broadcast its soccer matches in Europe, but its ramifications beyond live sports could prove to be minimal.

Fox says can't afford more Simpsons without cuts

The future of animated TV comedy The Simpsons was up in the air on Tuesday after 20th Century Fox Television said it could no longer afford to produce the show without a huge pay cut for its cast.

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