November 15, 2007 |
Apple Inc. won dismissal Wednesday of a shareholder lawsuit claiming that company officers including Chief Executive Steve Jobs were overpaid with illegally backdated option awards. Apple, maker of the iPod and iPhone music-and-video players, said last year that 6,428 stockoption grants issued between 1997 and 2002 were backdated.
April 17, 2007 |
Apple Inc. Chief Executive Steve Jobs received a salary of just $1 last year, documents filed Monday with the Securities and Exchange Commission said. Since returning in 1997 to the helm of the company he co-founded and catapulting Apple to record profit, the legendary Silicon Valley executive has opted to get only a token paycheck. But as of March 20, Jobs, 52, still owned more than 5.4 million restricted shares, worth about $494 million at Monday's closing price of $91.43.
October 11, 2007 |
Complaints over Apple Inc.'s use restrictions and recent software update for the iPhone have erupted into two lawsuits alleging that Apple and its carrier partner, AT&T Inc., engaged in illegal monopolistic behavior. The lawsuits were filed Friday in San Jose -- one in federal court and the other in state court. Both are seeking class- action status. The federal case accuses the companies of unfair business practices and violations of antitrust, telecommunications and warranty laws.
February 22, 2007 |
Cisco Systems Inc. and Apple Inc. agreed to share the iPhone brand, settling Cisco's lawsuit for trademark infringement. The agreement allows both companies to use the iPhone name and calls for their products to work together in the future, the companies said Wednesday in a joint statement. The settlement ends a six-week dispute between the Silicon Valley giants and puts Cupertino, Calif.
July 10, 2013 |
A federal judge ruled Wednesday that Apple Inc. led a conspiracy to raise the price of e-books. U.S. District Judge Denise Cote ruled against the Cupertino-based tech company after a trial in which the Department of Justice accused Apple of pressuring publishing companies to raise their prices in order to weaken rival Amazon.com. Now, Apple is liable for civil antitrust violations. LIVE DISCUSSION: Join us at 1:30 p.m. as we discuss the Apple ruling Join us at 1:30 p.m. as Times' staff writers Chris O'Brien and Andrea Chang discuss the ruling.
June 3, 2013 |
Shares of Pandora Media Inc. tumbled Monday after reports surfaced that Apple Inc. had taken a key step toward launching its own music streaming service. Warner Music Group has signed a publishing and recorded music licensing deal with Apple for its long-rumored Pandora rival, widely referred to as iRadio , according to multiple reports. About halfway through Monday's stock-market session, Pandora shares were trading at $15.06, down $1.96, or 12%, from Friday's closing price.
October 24, 2007 |
Apple Inc. said Tuesday that almost one of every six iPhones sold may have been unlocked to run on unauthorized wireless networks, surprising analysts who had estimated the problem wasn't as widespread. Chief Operating Officer Timothy Cook said 250,000 of the nearly 1.4 million iPhones sold might have been bought by users with the intention of unlocking them to work on a network other than AT&T's. Customers who aren't signing up with AT&T, Apple's approved service provider in the U.S.
October 27, 2007 |
Apple Inc. said Thursday that it would no longer accept cash for iPhone purchases and would now limit sales of the cellphone to two per person in a move to stop people from reselling them. Before the policy started Thursday, there was no cash restriction and the purchase limit was five per person.
June 27, 2007 |
The arrival of Apple's Inc.'s iPhone at stores Friday is now an official media event, certified by the appearance of the nation's unofficial man-on-the-street. Greg Packer, 43, a retired highway maintenance worker and serial quote machine from Long Island, sat on a folding chair Tuesday at the head of the line outside New York's flagship Apple store on Fifth Avenue. He said he had been there, on the sidewalk outside Apple's distinctive glass-cube atrium, since around dawn the day before.
August 2, 2013 |
In a filing on Friday, Apple Inc. fired back against a series of measures proposed by federal attorneys that would restrict the company's ability to strike electronic-book deals. Apple attorneys said the "injunction is a draconian and punitive intrusion into Apple's business, wildly out of proportion to any adjudicated wrongdoing or potential harm. Plaintiffs propose a sweeping and unprecedented injunction as a tool to empower the Government to regulate Apple's businesses and potentially affect Apple's business relationships with thousands of partners across several markets.