Apple Inc. once again became the most valuable company in the world on Wednesday morning, reclaiming its title from Exxon Mobil. Apple, based in Cupertino, Calif., has a market cap of about $419 billion while Exxon Mobil has a market cap of about $415 billion.  Shares of...

On Tuesday afternoon, Apple said it earned $13 billion in the fourth quarter on $46 billion in revenue. Thirty-seven million iPhones and 15 million iPads sold in the quarter helped boost its market cap to $415 billion. A few hours later, Indiana Gov. Mitch Daniels, in his State of the Union response message, contrasted the technology juggernaut with Washington?s impotent jobs efforts: ?The late Steve Jobs ? what a fitting name he had ? created more of them than all those stimulus dollars the President borrowed and blew.?

The government is defeated in the Lords in a vote on its plans for a £26,000-a-year household benefit cap for working age families.

A poll by the High Pay Centre suggests most people favour a cap on bosses' pay.