01:37 PM EST, 03/04/2025 (MT Newswires) -- Apple ( AAPL ) has filed a legal complaint in the UK to challenge a government demand for a back door into its encrypted iCloud service, the Financial Times reported Tuesday, citing sources with knowledge of the matter. The dispute reportedly revolves around a technical capability notice Apple ( AAPL ) received under...

01:33 PM EST, 03/04/2025 (MT Newswires) -- Phillips 66 (PSX) faces an escalating proxy fight with Elliott Investment Management after the activist investor nominated seven directors to the energy company's board. The proposed slate includes former executives of Motiva Enterprises, ConocoPhillips (COP), Targa Resources (TRGP), Citadel, and Vinson & Elkins, Elliott said Tuesday in a statement. Elliott, which also nominated...

01:36 PM EST, 03/04/2025 (MT Newswires) -- Consumer stocks were falling Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.6%. Redbook US same-store sales accelerated by 6.6% from a year earlier in the week ended March 1 after a 6.2% year-over-year increase in the previous...

BRUSSELS, March 4 (Reuters) - The European Commission aims to propose draft legislation this year that would allow insurers, leasing companies and repair shops fair access to valuable vehicle data, according to its auto industry action plan to be published on Wednesday. Provided it gets the backing of member states, the law could end a tussle between car services groups,...