Tech giantApple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut. Cook still did extremely well, with a compensation package valued at $8.7M.
Mammoth online retailer Amazon is opening a brick-and-mortar bookstore inside Manhattan's Time Warner Center at some point in 2017, joining retailers such as J. Crew, Diesel and Microsoft.
After a year in which its developers earned record-high revenues from app sales, Apple has reported that it broke another sales record on New Year's Day as customers spent $240M in app purchases.
The U.S. Labor Department is trying to bar Google from doing business with the federal government unless the internet company turns over confidential information about thousands of its employees.
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