World Business News

Turning rumors into facts, Apple finally unveiled the third generation iPad in San Francisco Wednesday, the first major device released by the Cupertino-based tech giant in 2012.

Exxon Mobil Corp. (NYSE: XOM), the biggest U.S. energy company, plans to invest $185 billion to develop new energy sources aimed at meeting increased global demand, Chairman and Chief Executive Rex Tillerson told investors Thursday.

Two-way trade between India and Australia is expected to double at $40 billion in five years, Australia's envoy to New Delhi said Wednesday.

Ferrari will unveil its fastest street car ever at next month's Geneva Motor Show.