The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Apple has welcomed its long-awaited new retail chief Angela Ahrendts with a stock grant worth up to $68 million.
Ms Ahrendts left her previous role as chief executive of Burberry, the British luxury group where she was one of the UK's best-paid executives, to join Apple last week.
Her stock award coincided with Apple's share price topping $600 for the first time since the end of October 2012, just days before her predecessor John Browett left the company in Apple's biggest management reshuffle in years.
Apple has been waiting since then for a replacement to Mr Browett, who joined from Dixons, a British retailer, and now heads Monsoon Accessorize, the clothing group. The unusually long vacancy in Apple's executive team came in spite of the importance its chief Tim Cook places on its retail network as an "incredible competitive advantage".
Apple has a history of generously rewarding its executives. Mr Browett could have received more than $55 million worth of stock over four years if he had stayed at Apple, rather than lasting only six months.
On Monday, an Apple regulatory filing showed that Ms Ahrendts had been granted 113,334 restricted stock units, vesting according to time spent at the company and share price performance.
The first tranche will vest on June 1 2014 and is worth $9.8 million at Monday's closing price of $600.96. She will receive 85 per cent of the stock award as long as she remains at Apple for four years, regardless of performance.
The remaining 17,303 shares, worth $10.3 million on Monday, are tied to performance measured by Apple's relative total shareholder return.
The Apple stores' performance has waned in the absence of a permanent chief, with average revenue per store dipping from $29.4 million in the first half of 2013 to $29.1 million in the first half of its current fiscal year.
More than half of Apple's 423 stores are in the US, in spite of just 31 percent of the company's revenues in the past quarter coming from the Americas. By contrast, Burberry said last year that more than three-quarters of its stores were in emerging markets such as China.
Apple has already said it expects to open 30 new retail stores this year, of which two-thirds will be outside the US. Recent openings in Brazil and Turkey have brought Apple's retail network to 15 countries, attracting footfall in the tens of millions every quarter.
About 11 percent of Apple's total revenue comes from its retail stores, which employ more than half of Apple's more than 80,000 full-time staff.
Ms Ahrendts is used to such challenges. At Burberry, Ms Ahrendts tripled the luxury company's share price and dragged the ageing brand into the digital world.
The Indiana-born executive was appointed Burberry's chief in July 2006 after long stints at more mass-market brands such Liz Claiborne and Donna Karan. In 2012, a survey by corporate governance group Manifest and pay consultancy MM&K found that she was the best-paid chief executive in the FTSE 350, taking home a total of £16.9 million in salary and stock awards.