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Business Highlights

Stocks take a beating after iPhone sales slip; Dow falls 660 NEW YORK (AP) — Stocks tumbled Thursday on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales are slipping in China.

Legal marijuana industry toasts banner year

The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.

South Korea fines BMW $10 million over several engine fires

South Korea says it will fine BMW 11.2 billion won ($9.9 million) and file a criminal complaint against the company with state prosecutors over an allegedly botched response to dozens of engine fires reported in the country.