GT Advanced, which earlier had a deal with Apple to supply sapphire for displays, will sell the furnaces in its factory to repay Apple.
Apple, which partnered with GT Advanced on sapphire goods, says it will continue to work with state and local officials as it considers its next steps.
Find out how to set up your Apple iPhone to be your new digital wallet.
About 890 jobs may be lost from shutting down its sapphire operations, but GT says its agreement with Apple included "oppressive and burdensome" terms and obligations.
Mercedes-AMG has sadly retired the iconic SLS supercar from production, but it has a new performance model to whet your appetite. Meet the 2016 AMG GT.
GT's filing, which sends company's stock tumbling about 90 percent, surprises the market and suggests a breakdown in its relationship with Apple.
Mercedes-Benz' AMG high-performance division unveils its second sports car developed entirely in-house -- and it is gorgeous.
Things made by committee can feel less than the sum of their parts. With this grand tourer, however, Toyota and Subaru proved that one plus one could be more than two.
XCAR happened to drop by Hennessey's shop in Southern California when two Venom GTs were in, one of which is the car that smashed the Veyron's top-speed record.
The replacement for Mercedes' SLS AMG supercar arrives with a new turbocharged engine that is the first of its kind.
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