World Business News

Technology giant Apple and major book publishers are being sued by the US Department of Justice over the pricing of e-books.

German luxury carmaker BMW has posted record quarterly sales for the first three months of the year, a period in which it sold more cars in China than in the US for the first time.

Aluminum producer Alcoa Inc surprised Wall Street with a first-quarter profit after a loss in the fourth quarter of 2011 as global markets improved, especially in the aerospace and automobile sectors.

Technology giant Apple has surpassed $600bn (£379bn) in value for the first time, affirming its position as the most valuable US firm in the world.