Apple joins US private equity firm in race for Toshiba unit
Apple has joined a Bain Capital-led consortium in the JPY2tn race for Toshiba’s memory chip unit. The US technology giant - along with another corporate entity - will likely provide JPY400bn in upfront cash towards the bid. (FT)

US economy grows at fastest clip in two years
The US economy grew at an annual rate of 3% in the three months ended June, its fastest pace in at least two years, according to the commerce department’s revised GDP estimates. (Independent)