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Here’s how much cash Apple has on hand

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Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City.

Taylor Hill | Getty Images

Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting first-quarter earnings last year.

Moving forward, investors will look to Apple’s sales in China, which accounted for 16.7% of its revenue in the last four quarters. Apple’s wearables are likely to carry interest as well, as the Apple Watch and AirPods continue to catch attention.

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Airbus defense division plans to cut more than 2,300 jobs

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JetBlue’s new Airbus A321neo at New York’s Kennedy Airport.

Leslie Josephs | CNBC

The defense business of Airbus on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market and postponed defense contracts.

The aircraft maker said its Airbus Defense and Space division had entered consultation with the company’s European works council on the planned cutbacks.

The plan foresees the reduction of 2,362 positions until the end of 2021, of which 829 would be in Germany, 357 in Britain, 630 in Spain, 404 in France and 141 in other countries, according to a statement.

The head of the defense business said on Saturday that talks were about to start with labor representatives as the German-based group retrenches following setbacks with its A400M military transporter.

Recurring technical problems with the A400M led the German air force to refuse delivery of two of the aircraft last autumn.

The group has also taken a $1.3 billion charge on the worsening sales outlook, with a German ban on defense exports to Saudi Arabia causing Airbus Defense and Space to lose a promising potential customer, Dirk Hoke said.

Airbus Defense and Space, formed in 2014 as part of a broader restructuring, employs 34,000 staff – 13,000 of them in Germany – and contributes around a fifth of revenues to parent group Airbus.

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Two Iranians die after testing positive for coronavirus

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A worker at a factory in Nanjing sorting face masks being produced to satisfy increased demand during China’s COVID-19 coronavirus outbreak, in China’s Jiangsu province.

Stringer | AFP | Getty Images

Two Iranians have died in hospital after testing positive for the new coronavirus in the holy Shi’ite city of Qom, the head of the city’s University of Medical Sciences told Mehr news agency on Wednesday.

“Two Iranians, who tested positive earlier today for new coronavirus, died of respiratory illness,” the official told Mehr.

Iran’s health ministry spokesman Kianush Jahanpur confirmed their death on Twitter.

Iran confirmed earlier on Wednesday its first two cases of the virus, government spokesman Ali Rabiei said, shortly after reports that preliminary tests on the two had come back positive.

The health ministry said earlier that the patients had been put in isolation.

Rabiei did not give the nationality of the two people infected, but some reports suggested that they were Iranian nationals.

The death toll from the new coronavirus in mainland China passed 2,000 on Wednesday although the number of new cases fell for a second straight day, as authorities tightened already severe containment measures in the worst-hit city of Wuhan.

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Burger King is removing artificial additives from the Whopper

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Burger King announced Wednesday it is removing artificial colors, flavors and preservatives from its signature Whopper sandwich in the United States.

The Restaurant Brands International chain plans to highlight the change with a global advertising campaign that shows a photo of a moldy Whopper, supposedly 28 days old, with text that reads “the beauty of no artificial preservatives.”

The campaign comes as consumers demand more transparency about the ingredients in their food. In 2018, McDonald’s removed artificial additives from seven classic burgers, a change that included tweaking its iconic Big Mac sauce. The Chicago-based company also rolled out fresh beef Quarter Pounders, a change that saw it regain burger market share.

More than 400 U.S. restaurants are already selling Whoppers without artificial additives. The chain expects all Whoppers sold in the U.S. to follow suit by the end of the year. Most European countries are already selling their Whoppers without the artificial additives.

Burger King said more than 90% of all food ingredients at U.S. restaurants do not contain artificial colors, flavors or preservatives. No food items contain MSG or high-fructose corn syrup, both of which are common additives in the fast-food industry.

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