Daily business briefing: Apple deal to bring iPhone to more in China

December 23, 2013 

Apple and China Mobile have reached a deal to bring the iPhone to more people in China. The iPhone 5S and 5C will go on sale in Apple and China Mobile stores beginning Jan. 17. Read more at http://www.bnd.com/business. ...

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The U.S. grew at an annualized rate of 4.1 percent in the third quarter of the year, up from the previous estimate of 3.6 percent. The International Monetary Fund chief Christine Lagarde says the Washington D.C.-based institution would raise its 2014 U.S. growth forecast from the current estimate of 2.5 percent. Learn more at http://www.bnd.com/business. ...

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Consumer spending rose 0.5 percent from October, when spending had risen 0.4 percent, the Commerce Department said Monday. It was the best showing since June. Find out more at http://www.bnd.com/business. ...

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Tiffany & Co. has been ordered to pay Swatch Group AG $449 million in compensation over a contractual dispute. The Netherlands Arbitration Institute also required Tiffany to pay more than $9 million for the Swiss watchmaker's legal fees and the cost of arbitration. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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