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BUSINESS
November 21, 2013 | By Chris O'Brien
A federal jury Thursday ordered Samsung Electronics Co. to pay $290 million in damages to Apple Inc. in the latest round of the two adversaries' ongoing litigation over mobile patents.  In U.S. District Court in San Jose, an eight-person jury handed down its decision after a weeklong retrial of a case heard last year in the same court.  In 2012, a jury awarded Apple $1.05 billion, agreeing with the company's claims that Samsung's products had...
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NATIONAL
July 11, 2013 | By David Horsey
In the battle of the technology business mega-monsters, Apple Inc. has lost a round to Amazon.com. On Wednesday, a federal judge in New York ruled that Apple “conspired to raise the retail price of e-books” with the aim of cutting into Amazon's market share. The judge said Amazon may now seek damages from Apple. The federal prosecutor in the case claimed this was a big victory for consumers. Well, maybe yes and maybe no. Amazon has become the 800-pound gorilla in the publishing world - actually, make that 8 million . The company sells so many more books than anyone else that it has driven so-called bricks-and-mortar bookstores, both big and small, to near extinction.
BUSINESS
February 7, 2014 | By Chris O'Brien
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.
BUSINESS
April 9, 2013 | By Tiffany Hsu and Walter Hamilton, Los Angeles Times
Ron Johnson was ousted as chief executive of J.C. Penney Co. after a remarkably short and gaffe-filled tenure that succeeded mainly in driving away customers. Johnson was lured 17 months ago from a top job at Apple Inc., where he was celebrated for pioneering the technology giant's cutting-edge retail stores. But he stumbled badly at J.C. Penney, pursuing an unorthodox upscale strategy that alienated the company's budget-minded base. His time at the helm of the 110-year-old department-store chain was marked by unusually sour statistics: Revenue tanked 25% in a single quarter.
BUSINESS
October 24, 2007 | From Bloomberg News
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.
BUSINESS
October 27, 2007 | From the Associated Press
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.
BUSINESS
June 27, 2007 | Thomas S. Mulligan, Times Staff Writer
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.
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.
OPINION
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.
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.
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