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Deutsche Bank is under investigation in Italy for suspected market manipulation relating to the sale of Italian government bonds in 2011, an investigative source said on Friday. A prosecutor in southern Italy is investigating the German bank's sale of 7 billion euros worth of Italian state debt as Italy approached a debt crisis that eventually brought down the government of former Prime Minister Silvio Berlusconi. Deutsche Bank had no immediate comment.
Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period. Last week, billionaire activist investor Carl Icahn said in an interview with cable television network CNBC that he had sold his entire stake in Apple, citing China's economic slowdown and worries about whether the government could make it very difficult for Apple to conduct business.