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Reduced App Store cut to hurt results, warns Apple

Bloomberg Apple Inc. warned investors that the company’s financial results would be hurt if the amount paid from App Store downloads and subscriptions is reduced or eliminated. The warning in a regulatory filing came amid criticism from lawmakers and others about the cut of as much as 30% that Apple takes from third-party developers selling software through the App Store ...

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Fortress fails to sell record bond deal for Las Vegas rail

Bloomberg Fortress Investment Group is postponing its plan to build a train to Las Vegas from Southern California after failing to sell a record amount of unrated municipal debt to finance the speculative project, showing the limits of investor appetite amid an economic downturn. Since the end of September, Fortress, through its company Brightline Holdings, had been marketing $3.2 billion ...

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Rolls-Royce plans sale of ‘engine’ unit

Bloomberg Rolls-Royce Holdings Plc has hired Deloitte to conduct the sale of its diesel and gas engine division Bergen, which could fetch up to 100 million pounds ($129 million), the Sunday Telegraph reported. Germany’s MAN SE and Finland’s Wartsila Oyj could be potential buyers and a sale is expected early next year, according to the report, which didn’t say where ...

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