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.
February 7, 2014 |
Chief Executive Tim Cook said Apple Inc. repurchased $14 billion of its stock over the last two weeks after a weak outlook caused its share price to plunge. In an interview with the Wall Street Journal, Cook said he was "surprised" by the 8% drop one day after the company's first-quarter earnings report. Apple projections for sales in the quarter ending in March were below what analysts had expected, and perhaps signaling its first year-over-year decline in revenue in more than a decade.
April 23, 2014 |
Talk of Silicon Valley losing steam was put on hold as two technology titans, Apple Inc. and Facebook Inc., tallied better-than-expected quarterly earnings and revenue. Apple's stock climbed more than 7% in after-hours trading after it reported that sales of iPhones blew past Wall Street's projections. Facebook's shares spiked 4% after it said ad revenue rose 82% year over year. Although many tech stocks slid in recent weeks, the robust financial results demonstrated that, at least for now, the underlying businesses of these two leading companies remain strong.
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.
May 23, 2013
Re "Apple's U.S. tax shelters faulted," May 21 French novelist Honoré de Balzac once wrote, "The secret of a great success for which you are at a loss to account is a crime that has never been found out, because it was properly executed. " That statement describes Apple Inc. perfectly, except it has finally been found out. Thankfully, Sen. Carl Levin (D-Mich.), chairman of the Senate Permanent Subcommittee on Investigations, seeks to expose Apple's fraudulent tax policies.
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.
August 15, 2008 |
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.