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BUSINESS
August 2, 2013 | By Chris O'Brien
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.
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BUSINESS
August 15, 2008 | Michelle Quinn, Times Staff Writer
The Securities and Exchange Commission on Thursday settled the last civil case against a former Apple Inc. executive accused of stock-option fraud, closing its investigation into one of Silicon Valley's highest profile companies. Nancy Heinen, who was Apple's general counsel until leaving in 2006, agreed to pay $2.2 million in disgorgement, interest and penalties.
BUSINESS
October 28, 2013 | By Chris O'Brien
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion.  "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
OPINION
May 24, 2013
Re "Apple execs grilled over tax strategy," Business, May 22 Unbelievable, stunning, incredible that members of Congress have the audacity to bring the chief executive of one of the most successful companies this country has ever seen to grill him on Apple Inc.'s tax strategy (which, by the way, is perfectly legal) so they can try to wring more money out of him. Apple paid $6 billion in taxes last year; isn't that enough? Forcing Chief Executive Tim Cook to respond to legislators who have been on the public dole much of their lives and haven't done much in the way of intellectual innovation (or even fixing this country economically)
BUSINESS
August 8, 2007 | Michelle Quinn, Times Staff Writer
Apple Inc. is revamping the product that put it on the high-tech map: the desktop computer. Apple Chief Executive Steve Jobs on Tuesday introduced a line of iMac computers that are thinner and faster than their predecessors. The computers come with new software for storing and editing video and photos. The product's slogan is, "The new iMac. You can't be too thin. Or too powerful."
BUSINESS
August 31, 2007 | Joseph Menn, Times Staff Writer
Apple Inc. Chief Executive Steve Jobs is expected to announce a souped-up iPod and a deal to let iPhone users buy ring tones through the iTunes store at an event next week, music industry sources said. Following its custom, Apple recently sent invitations to analysts and reporters for a Sept. 5 event but didn't say what it was about.
BUSINESS
May 11, 2007 | From Bloomberg News
Apple Inc. Chief Executive Steve Jobs, pressed by shareholders to detail his role in a stock option scandal, said Thursday that the issue was put to rest after a Securities and Exchange Commission probe cleared the company. "Unless you think there's a conspiracy theory involving the SEC too, I don't know what else to say," Jobs told investors at the company's annual meeting in Cupertino, Calif., where it is based.
BUSINESS
March 22, 2007 | Michelle Quinn, Times Staff Writer
Apple Inc., which changed how people listen to music with its iPod, on Wednesday launched a set-top box that it hopes will transform how people watch videos in their homes. Apple TV enables users to wirelessly stream video and music from computers to televisions. The Cupertino, Calif.-based company said it began shipping the $299 product to customers who had pre-ordered it. The device is expected in Apple stores this week.
BUSINESS
September 5, 2013 | By Salvador Rodriguez
Apple Inc. is expected to announce new iPhone models next week, but could it also announce a new version of Apple TV? In August, the Cupertino-based tech giant received three shipments from one of its suppliers of set-top boxes, according to Panjiva , a company that organizes global trade and shipping data. Panjiva noted that these shipments could be for any number of things, including a new version of Apple TV, the long-rumored TV set by Apple. PHOTOS: Biggest tech flops of 2013 -- so far An Apple TV set -- the iTV perhaps?
BUSINESS
August 13, 2013 | By Chris O'Brien
Investor Carl Icahn announced Tuesday on Twitter that he had made a large investment in Apple Inc., calling the stock "undervalued. " The influential investor has become increasingly active in the tech sector in recent years. News that he has taken a stake in Apple predictably sent the stock soaring up $26.29, or 5.63%, to $ 493.65  in midday trading.   PHOTOS: Six things rich tech execs splurge on   Apple investors, who have endured a rough year as they watched the stock tumble from its all-time high last September, could barely contain their glee .  For the moment, Icahn said he is requesting that Apple Chief Executive Tim Cook and company officials pursue a bigger buyback of its stock to help raise the value.
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