Latest Business News: Apple CEO Visits China, Likely to Hash Out China Mobile IPhone Deal

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Latest Business News: Apple CEO Visits China, Likely to Hash Out China Mobile IPhone Deal

Latest Business News: Apple CEO Visits China, Likely to Hash Out China Mobile IPhone Deal
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Latest Business News: Apple CEO Visits China, Likely to Hash Out China Mobile IPhone Deal

by Wochit 1:27 mins

Latest Business News: Apple CEO Visits China, Likely to Hash Out China Mobile IPhone Deal

by Wochit 1:27 mins

With Apple's market share in China under pressure, CEO Tim Cook seems to be taking a renewed focus on hammering out a deal with China Mobile to carry the iPhone. Cook is in China this week and will likely meet with executives from China Mobile "in the coming days" to talk about bringing the iPhone to the world's largest mobile carrier. If recent polls hold, Eliot Spitzer will be New York City's next comptroller. Given he was known as the 'Sheriff of Wall Street' during his tenure as Attorney General, many in the industry fear what a 'Comptroller Spitzer' will mean for Wall Street. But it's not just the financial services industry that should be paying attention. Among other issues, Spitzer plans to focus on CEO pay. BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said after compensation costs soared for a second straight quarter. The payouts, the scale of which BP is disputing even though they are one part of the case that was settled last year, have been the focus of attention in recent months in a wider legal process that has saddled BP with a $42.4 billion clean-up, fines and compensation burden and could yet cost billions more.

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