Despite the fact that market watchers felt that Apple's Friday launch of the iPhone 5 in China was a rather low-key affair, the company has recently reported that the first three-day sales of the handset in the Chinese market has set a new record.

There are chances that Banco Santander SA (SAN), which is said to be Spain's biggest bank, buys the shares of Banco Espanol de Credito SA. It will be done so to merge the businesses under one brand. Moreover, it will make the handling of the business a lot of easier.

Within three days of its China launch of the new iPhone 5, Apple has revealed that its sales of the handset in the country has already touched over 2 million units; thereby making the iPhone 5 launch the best-selling iPhone release ever in China.

In a verdict which marked the culmination of a December 2010-filed patent-infringement lawsuit by Alcatel-Lucent subsidiary Multimedia Patent Trust against Apple and LG, a federal jury ruled on Thursday that the devices manufactured by Apple and LG do not violate the in-dispute video compression patents of Multimedia Patent Trust.

On Thursday, December 13, General Motors took the wraps off the redesigned versions of its two full-size pickups - Chevrolet Silverado and GMC Sierra - which now boast revamped engines and upgrades to cater to the needs of commercial users.

As per the findings of a new report, Qatar Airways has been planning to introduce five Boeing 787s by the arrival of next year in service. The next scheduled flights would probably be occurring in Germany and the US, the report says.

KV Pharmaceutical Co., which has been in bankruptcy condition, has announced that it has been taking steps to overcome the problem. The Bridgeton-based drug maker told that they have received $85 million in the form of finances and has also entered into a settlement deal with a Massachusetts company for the drug Makena.

In a move which marks Facebook's newest attempts in the direction of addressing users' concerns about who can view their personal details, the popular social network commenced the roll out of a range of privacy controls on Wednesday.