Receive Breaking News updates as they occur
LOS ANGELES (AP) — The treads on half the tires of a tour bus that slammed into a tractor-trailer on a desert freeway, killing 13 people, were worn down to an unsafe level, a federal investigator said Tuesday as authorities worked to determine the cause of one of California's deadliest highway crashes.
Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down. "In essence, in China and elsewhere, while Apple’s products are still seen favorably, the distance between Apple and its competitors is nowhere near as great as it once was," Neil Saunders, head of retail research firm Conlumino, wrote in a note. Apple shares fell 2.8 percent to $114.99 in after-hours trading.