The charge is likely to lower the company's adjusted fourth quarter net income by 46 per cent from a year earlier.
The Reserve Bank of India (RBI) has issued a restricted banking licence to American Express Bank (Amex) to conduct credit card and travel-related businesses in India.
The board finally gives into the demands by activist investor Carl Icahn.
The addition of a mobile payments service to Apple Inc's next iPhone could help to boost sales of the larger-screen phones and claw back market share lost to mobiles running on Google Inc's Android platform.
Apple Pay also faces competition from Merchant Customer Exchange (MCX) - a consortium of retailers including Wal-Mart and Best Buy - which is developing its own mobile payment platform.
Has Steve Jobs' handpicked successor inherited the magic touch or is Apple's winning streak coming to an end?
Greg Abel and Ajit Jain would be prime candidates
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