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Apple to hit setback in push to open retail stores in India

  New Delhi / Bloomberg India’s Foreign Investment Promotion Board has ruled Apple Inc. must comply with local sourcing rules to sell products through its own retail stores, according to people with direct knowledge of matter, a setback to the iPhone maker’s plans to open retail outlets in the country. The FIPB has cleared Apple’s application to open retail stores ...

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‘Mishap’ delays Solar Impulse plane’s Ohio departure

  Washington / AFP A solar-powered plane set to fly from Ohio to Pennsylvania on Tuesday delayed its departure to inspect possible damage due to a mishap, organizers said. The Solar Impulse 2, set to be piloted by Swiss national Bertrand Piccard, was scheduled to fly out of Dayton International Airport and head to Lehigh Valley International Airport near the city ...

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Bread cancer report hurt Domino’s, McDonald’s operators

  Mumbai / Bloomberg The Indian operators of Domino’s Pizza Inc. and McDonald’s Corp. dropped after a local research agency said that burger and pizza bread sold at the fast-food outlets contained cancer-causing chemicals. Jubilant Foodworks Ltd., a licensee of Domino’s, headed for a three-month low, while WestLife Development Ltd., which runs McDonald’s restaurants in western and southern India, slid ...

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