You are here

Business

Triumph of the iPhone: Apple cracks trillion-dollar mark

SAN FRANCISCO — Apple is the world’s first publicly traded company to be valued at $1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets.

The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago.

Lessons for next US financial crisis from 3 key ex-officials

WASHINGTON — Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system’s near-collapse a decade ago may be forgotten.

“It is important that people focus on the lessons,” said former Treasury Secretary Henry Paulson. “We are not sure people remember everything they need to remember.”