Apple's China business accounted for more than 17% of its sales in its fiscal second quarter, coming in at $10.22 billion.Marketsread more
Qualcomm suppressed competition in the market for cellphone chips and used its position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post.Marketsread more
Treasury Secretary Steven Mnuchin is scheduled to testify before the House Financial Services Committee on Wednesday about the international financial system.Politicsread more
"I've had no conversations ever with the president or anyone in the White House about delivering the president's tax returns to Congress," Mnuchin said during a hearing before...Politicsread more
If you beat the odds and nab the top Mega Millions prize, the IRS would get more than $58 million before the windfall reaches you. You also could count on owing more at tax...Personal Financeread more
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Real Estateread more
If your Apple MacBook, MacBook Air or MacBook Pro isn't working right, Apple is fixing most of the models sold within the last four years for free. Here's how to get it fixed.Technologyread more
Treasury Secretary Steven Mnuchin said nothing is scheduled yet for the U.S. to go to Beijing for the next round of trade talks.Marketsread more
The high-end real estate market is suffering, with a glut of over-built and over-priced mansions in many of the country's most affluent ZIP codes.Wealthread more
The European parliament is poised to call for a break-up of Google, in one of the most brazen assaults so far on the technology group's power.
The gambit increases the political pressure on the European Commission, the EU's executive arm, to take a tougher line on Google, either in its antitrust investigation into the company or through the introduction of laws to curb its reach.
A draft motion seen by the Financial Times says that "unbundling [of] search engines from other commercial services" should be considered as a potential solution to Google's dominance. It has the backing of the parliament's two main political blocs, the European People's Party and the Socialists.
A vote to effectively single out a big US company for censure is extremely rare in the European parliament and is in part a reflection of how Germany's politicians have turned against Google this year.
German centre-right and centre-left politicians are the dominant force in the legislature and German corporate champions, from media groups to telecoms, are among the most vocal of Google's critics.
Since his nomination to be the EU's digital commissioner, Germany's Günther Oettinger has suggested hitting Google with a levy for displaying copyright-protected material; has raised the idea of forcing its search results to be neutral; and voiced concerns about its provision of software for cars.
The European parliament has no formal power to split up companies, but has increasing influence on the commission, which initiates all EU legislation. The commission has been investigating concerns over Google's dominance of online search for five years, with critics arguing that the company's rankings favour its own services, hitting its rivals' profits.
"Unbundling cannot be excluded," said Andreas Schwab, a German MEP who is one of the motion's backers.
Read MoreStart-ups need this visa reform: CEO
Margrethe Vestager, the incoming European competition commissioner, has indicated that she will listen to Google and various complainants before deciding on how to move forward with the antitrust inquiry into the company.
Ramon Tremosa, a Spanish MEP who is sponsoring the motion, said it was necessary to consider unbundling as a long-term solution, because the commission could not "ask the secret of [Google's] algorithm".
Google declined to comment. However, executives at the company are understood to be furious at the political nature of the motion and only became aware of the document in the past couple of days, after an MEP contacted Google for advice on its meaning.
One technology industry source with knowledge of the motion also called it a "politically-motivated campaign to do something that is a regulatory matter". He added: "These guys are calling for the break-up of Google. That is not in proportion to the degree of concern articulated by the commission during its investigation."
The draft resolution's final text will be agreed early next week, ahead of a vote, which is expected on Thursday.