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BUSINESS
December 29, 2012 | By Salvador Rodriguez and Deborah Netburn
As 2012 comes to a close we take a look back at the biggest "oops" moments of the last year. Whether it was an advertising misstep (Facebook's "Chair" commercial), or a product released before it was ready (Apple Maps), or just an idea that was ill-received (homeless men as Wi-Fi hotspots), we tried to compose a list of the times when the major players lost control of the narrative.  It's also a reminder that everyone makes mistakes--even exacting tech companies.  1. Apple Maps fiasco How bad was it when Apple replaced Google Maps with its own mapping system on iOS 6?
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BUSINESS
August 25, 2011 | By Walter Hamilton, Dawn Chmielewski and David Sarno, Los Angeles Times
Steve Jobs, the visionary co-founder of Apple Inc. and driving force behind a string of products that revolutionized the consumer-electronics industry, stepped down as chief executive but was named chairman of the board, the company said late Wednesday. His relinquishing of daily control had been widely anticipated since he took an extended medical leave earlier this year. Jobs, 56, had a liver transplant two years ago and underwent surgery for pancreatic cancer seven years ago. Photos: Steve Jobs and Apple's influence "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know," he wrote in a letter to the board Wednesday.
BUSINESS
February 13, 2014 | By Chris O'Brien
Apple released its annual supplier responsibility report Thursday, drawing praise from Greenpeace for steps the company has taken to reduce use of conflict minerals in its products.  "Apple's increased transparency about its suppliers is becoming a hallmark of Tim Cook's leadership at the company," said Greenpeace Energy Campaigner Tom Dowdall in a statement. "Apple has flexed its muscles in the past to push suppliers to remove hazardous substances from products and provide more renewable energy for data centers, and it is proving the same model can work to reduce the use of conflict minerals.
BUSINESS
September 23, 2013 | By Chris O'Brien
Owners of Apple devices have been upgrading to the radically redesigned iOS 7 that was released last Wednesday faster than any previous version. Apple reported Monday that 200 million iOS devices are running the new operating system. The company likes to tout the fact that the vast majority of its customers use the latest version of its mobile operating system. Apple argues that makes its experience superior to Android devices, which tend to be more fragmented with many running on much older versions of the Google operating system.  PHOTOS: Top 11 hidden, cool features in Apple's iOS 7 According to statistics from Fiksu , a mobile analysts firm, more than 50% of all iOS devices have  upgraded to iOS 7. Indeed, the rush to upgrade last Wednesday led to long waits and error messages for many users who apparently overwhelmed Apple's servers.  The Fiksu report says that at this same point, less than 40% of users had upgraded to iOS 6, and less than 30% had upgraded to iOS 5.  The percentages are even more impressive considering there are far more devices running iOS than there were two years ago.  With Apple also announcing it sold a record 9 million new iPhones during the first weekend, investors sent the company's stock up $17.67 or 3.78% to $ 485.08.
BUSINESS
December 30, 2013 | By Salvador Rodriguez, This post has been corrected, as indicated below.
While Apple and Microsoft saw their share of laptops sold to businesses and other organizations in the U.S. decrease in 2013, Google dramatically increased its portion of sales. From January through November, Google sold 1.76 million Chromebook laptops in the U.S., up from 400,000 during the same period in 2012, according to a recent report by NPD Group . that tracked sales through commercial channels. That includes devices that were sold to businesses, government agencies, schools and other organizations.
NATIONAL
April 16, 2014 | By David Horsey
A beginning elementary school teacher in a small district in California makes around $40,000 per year. That's 2 or 3 thousand dollars more than poor Larry Ellison brings in -- but Ellison, the CEO of Oracle Corp., earns it in an hour. There's nothing that illustrates the vast and growing wealth gap in America more starkly than a list of the incomes enjoyed by the top business executives in the country. A new study done for the New York Times found that pay for the 100 top CEOs jumped 9% from 2012 to 2013, raising their median annual compensation to nearly $14 million.
BUSINESS
September 12, 2012 | By Salvador Rodriguez
Apple.com might be giving away some of Tim Cook's announcements planned for Wednesday, according to multiple reports. Nine to 5 Mac is saying that you can see some of what Apple has planned for its announcement Wednesday if you use the search function on the company's website. Among the secrets being divulged is the name of the next iPhone, which seems like it will be called the iPhone 5. Rumor roundup: The new iPhone If you go to this link , you can see various search results for the term "iPhone 5" that include a couple of URLs with the name in them.
NEWS
April 23, 2013 | By Peter Pae
Apple's stock is on a tear following the electronics giant's announcement it would buy back $60 billion in stock and boost its dividend 15% to $3.05 a share. The huge buyback plan and dividend increase eclipsed a somewhat disappointing second-quarter earnings report in which profit dipped for the first time in a decade. The company also forecast that its earnings in the current quarter would be lower. Apple shares are up more than $20 to $426.79 in after-hours trading. The stock closed at $406.13, up $7.64, in regular trading.
BUSINESS
June 25, 2012 | By Ricardo Lopez
Losing your company $2 billion apparently causes investors to respect you less, according to a recent survey conducted by Barron's. After an investment group within JPMorgan was found to have lost $2 billion in trading, the bank's listing on Barron's annual survey dropped to 49th this year from 14th last year. After the loss, JPMorgan's chief executive apologized for the risky trading before a congressional committee. Apple again took the top spot, even after its leadership changed when Steve Jobs died last fall.
BUSINESS
September 21, 2013 | By Chris O'Brien
During the iPhone announcement event at Apple's headquarters last week, chief executive Tim Cook took a few minutes to plug a project that hadn't gotten as much attention as the company's new gadgets or iOS 7. On the screen behind him on the stage, Cook flashed a picture of the company's new store at the Stanford Shopping Center. "This month, our attention turns home," Cook said. Photos: Top 11 hidden, cool features in Apple's iOS 7   The company had previously had a small, 1,100-square-foot store at the Stanford mall.  "Despite the size of it, our teams have served 5 million customers there, in just nine years," Cook said.
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