Company News: Apple, ­ConocoPhillips, Anadarko, Altria, JPMorgan Chase, Boeing

Apple’s latest unveiling fails to wow Wall Street; pressure on oil companies; and more

• Apple tried to win over skeptics with a flurry of updates and announcements at its annual developers conference. With its stock down 38 percent from last year’s peak of $702, the company unveiled a streaming-music service called iTunes Radio, a thorough redesign of its iPhone software, and a new MacBook Air laptop. Wall Street wasn’t wowed, as shares drifted lower.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.