Update: Apple unveils news subscription service

Business 03/25/19, 12:25

The Latest on Apple's streaming TV event (all times local):10:25 a.m.Apple will debut a subscription news app that lets users read articles from hundreds of magazines, including Rolling Stone, The New Yorker and Cosmopolitan.FILE - In this July 28, 2016 file photo, the Apple logo is shown on a sign ...

Long-awaited video service expected from Apple on Monday

Business 03/25/19, 02:15

Apple is expected to announce Monday that it's launching a video service that could compete with Netflix, Amazon and cable TV itself.It's a long-awaited attempt from the iPhone maker, several years after Netflix turned "binge watching" into a worldwide phenomenon.The new video service is expected to have original TV shows ...

In China, Apple’s Cook says he’s bullish on global economy

Business 03/23/19, 01:56

Apple CEO Tim Cook says he's "extremely bullish" about the global economy based on the amount of innovation being carried out, and he's urging China to continue to "open up."In a speech at an economic forum in Beijing on Saturday, Cook said Apple is less concerned with the short term ...

Jury rules Apple owes Qualcomm $31M for patent infringement

Business 03/15/19, 16:36

A jury has decided Apple should pay $31 million in damages for infringing on patents for technology owned by mobile chip maker Qualcomm that helps iPhones quickly connect to the internet and extend their battery life.The verdict Friday in a San Diego federal court follows a two-week trial that pitted ...

Spotify files antitrust complaint to EU against Apple

Europe 03/13/19, 08:32

Swedish music site Spotify has complained to European Union regulators about Apple for allegedly abusing its dominant position in music streaming and stifling competition.Spotify founder Daniel Ek said Wednesday that the company has filed a formal antitrust complaint with the executive European Commission against Apple — a move that adds ...

How the bull run altered the list of most valuable US stocks

Tech 03/08/19, 11:09

When this bull market was born 10 years ago, just one of the most valuable companies in the market was a technology stock. Now, it's four out of five.Back in March 2009, the biggest companies were familiar names with long histories in traditional industries like oil (Exxon Mobil) and makers ...

Apple CEO trumps Trump, reframing his name game

Business 03/07/19, 17:50

To President Donald Trump, it was an awkward slip of the lip. To Apple CEO Tim Cook, it was an opportunity to poke some sly fun at a president who has often clashed with the tech industry. A day after the president mistakenly referred to Cook at a White House meeting ...

iPhone sales are falling, and Apple’s app fees might be next

Business 03/06/19, 10:28

As iPhone sales slip, Apple has been positioning its booming digital-services business as its new profit engine. But there could be a snag in that plan.A brewing backlash against the rich commissions Apple earns from all purchases and subscriptions made via iPhone apps could undercut the app store, which generates ...

China’s Huawei set to unveil 5G phone with folding screen

Business 02/24/19, 03:28

China's Huawei is set to take the wraps off a new folding-screen phone, joining the latest trend for bendable devices as it challenges the global smartphone market's dominant players, Apple and Samsung.The company on Sunday plans to unveil the device, which can be used on superfast next-generation mobile networks that ...

Apple’s top retail exec to leave amid iPhone sales slowdown

Business 02/05/19, 19:46

Apple's top retailing executive is stepping down amid a slowdown in iPhone sales that has raised doubts about the company's future growth prospects.The shake-up announced Tuesday ends Angela Ahrendts' five-year stint overseeing Apple's 506 retail stores and e-commerce operations. She is being replaced by Deirdre O'Brien, a longtime Apple executive ...

14-year-old’s FaceTime bug discovery could rattle Apple

Tech 02/01/19, 11:22

At the heart of Apple's shocking FaceTime bug, which allowed just about anyone to turn an iPhone into a live microphone, stands a 14-year-old boy who stumbled upon the eavesdropping flaw more than a week before Apple took action."The thing that surprised me the most was that this glitch happened ...

Facebook says Apple its restoring a key developer tool

Business 01/31/19, 20:01

Facebook says Apple is restoring its access to a key development tool that the iPhone maker disabled Wednesday.Late Tuesday, TechCrunch reported that Facebook paid teens and other users who agreed to download an app called Facebook Research. That app could extensively track their phone and web use. Apple said Facebook ...

From corn to Apple: The cases behind the US-China standoff

Business 01/31/19, 14:52

To hear the Americans tell it, the Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn to electronic brains behind wind turbines. China has stripped the arm off a T-Mobile robot, the U.S. says, and looted trade secrets about robotic cars from Apple. The alleged victims ...

From corn to Apple: The cases behind the US-China standoff

World 01/31/19, 14:10

To hear the Americans tell it, the Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn to electronic brains behind wind turbines. China has stripped the arm off a T-Mobile robot, the U.S. says, and looted trade secrets about robotic cars from Apple. The alleged victims ...

Apple opens new chapter as iPhone sales fall and stock sinks

Tech 01/29/19, 16:40

Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales drooped during the holiday shopping season.Now, CEO Tim Cook is grappling with his toughest challenge since replacing co-founder Steve Jobs 7 ½ years ago. ...

Q&A: What is Huawei and why does Washington worry about it?

Tech 01/29/19, 04:03

Huawei is China's first global tech brand and a growing source of tension between Washington and Beijing. Huawei Technologies Ltd. is the biggest supplier of network switching gear used by phone and internet companies. It has spent a decade battling U.S. accusations it is a front for Chinese spying or poses ...

Caterpillar swings to 4Q profit, but still falls short

Business 01/28/19, 08:41

Caterpillar returned to profitability in the fourth quarter, but sales have begun to slow in China and earnings failed to measure up to expectations on Wall Street.Shares tumbled 6 percent before the opening bell, weighing heavily on the Dow Jones industrial average.It's a meager start to what will be a ...

Apple cuts jobs in shakeup of self-driving car division

California 01/24/19, 16:25

Apple is reducing the size of its workforce assigned to driverless car technology as the company reorganizes amid weakening sales of iPhones, its biggest moneymaker.The company acknowledged the cutbacks in a Thursday statement, without specifying the number of jobs affected. CNBC reported that more than 200 employees were dismissed from ...

Samsung, like Apple, feels sting of slowing global growth

Tech 01/08/19, 08:06

Samsung expects its quarterly operating profit will be nearly 29 percent lower than last year, potentially unsettling a tech sector already skittish about slowing global economic growth.The announcement from the South Korean computer chip and smartphone giant comes less than a week after Apple Inc. jolted markets with its weak ...

Japanese shares skid, Shanghai climbs after Wall St sell-off

Business 01/04/19, 01:51

Japanese shares tumbled and Shanghai's benchmark climbed Friday as Asian markets steadied following a technology-led sell-off on Wall Street.The Nikkei 225 index started its first trading day of 2019 by falling more than 3 percent. At its close, it was 2.3 percent lower at 19,561.96 as technology and electronics makers ...

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