The Apple company unveiled two new iPhones on Tuesday at a media event at its headquarters on Tuesday, with hopes the products will go on sale on September 20. The company set the release date for iOS7, saying the new mobile OS would be available free for all compatible devices on September 18, two days before the iPhone 5S and iPhone 5C go on sale.
Ford is recalling 370,000 cars due to their steering shaft which may result in loss of steering. Ford is recalling 370,000 cars due to their steering shaft which may result in loss of steering, the Associated Press reported.
David Ross, a former Wellington advisor from New Zealand, pleaded guilty to five charges of false accounting and theft in running a $300 million Ponzi scheme, the country's largest in its history.
A Hyundai recall issued Wednesday affects about 240,000 older model sedans. Sonatas and Azeras may also succumb to corrosion in cold-weather states that may affect rear wheel alignment.
The Federal Reserve is throwing away as much as $3 billion of the new $100 after a printer error rendered them unusable. The new $100 bills were supposed to debut two years ago, but have been delayed due to continuing problems with printing
CBS Corp. and Time Warner resumed negotiations after a longstanding dispute regarding transmission fees, which resulted with Time Warner dropping CBS programming in several large U.S. markets, including New York, Dallas and Los Angeles for the past seven days.
American Chip Starnes, a co-owner of the Coral Springs, Florida-based Specialty Medical Supplies, said on Monday that he has been held hostage for four days at his supply plant in Beijing, China by workers who have demanded severance packages like those given to 30 co-workers in a phased-out department.
Chrysler said on Tuesday that it has agreed to recall 2.7 million jeep vehicles that the National Highway Traffic Safety Administration said could potentially erupt into fire if rear-ended. This represents a reversal by the car manufacturer, as two weeks ago, it announced it was rejecting a call by U.S. auto safety regulators to recall 2.7 million Jeep Grand Cherokees and Liberty SUVs
The Starbucks franchise has unleashed a new policy: smokers will be forbidden to light up a cigarette within 25 feet of its storefronts. This new policy, which also bans smoking on patios, has just gone into effect on June 1 nationwide and Canada. 81.3 percent of the U.S. population lives under some kind of a ban on smoking, either in the workplace, restaurant or bars, according to the American Nonsmokers' Rights Foundation.
Several health groups, including the American Heart Association and the American Lung Association are asking at least two state attorneys to investigate a new Camel cigarette advertisement. The Camel Crush ads, in question, ran in 24 magazines, which target young people, a violation, they say of the Tobacco Master Settlement, which prohibits cigarette makers from targeting children.
As part of an initiative called Coming Together, the Coca Cola company pledged to fight obesity on Wednesday, as the company promised to slap calorie counts on all its packaging, news reports said. They have also promised to cease advertisements directed at kids. Its company has taken increased concerns over its sugar-stuffed beverages.
Oreck Corporation, the Nashville-based manufacturer of upright vacuums and cleaning products, filed for Chapter 11 bankruptcy protection and could reach an agreement to sell its assets in a few days, court filings revealed, as reported in The Tennessean. A Chapter 11 filing will allow Oreck to consolidate its assets and restructure its finances as part of an effort to sell the business, the company said in a statement released Tuesday
A court in Palma, on the island of Mallorca, has named Spain's Princess Cristina as a suspect in a corruption case involving her husband. The case revolves around claims that her husband and his former business partner, Diego Torres had embezzled about 6 million euros of public funds to companies they controlled. They are accused of siphoning off money paid by regional governments to stage sports and tourism events to Noos Institute, a nonprofit group which the Duke of Palma was chairman from 2004 to 2006.
Apple CEO Tim Cook apologized in a formal letter sent to China, addressing the growing controversy over the company's warranty polices there, CNN reported. Posted to China's Apple's website, Cook discussed the changes the company intends to make in order to offer better customer service, and change the terms for some of its iPhones, which are sold, and many were reportedly defective in China.
Investors in a $7 billion Ponzi scheme orchestrated by former Texas tycoon R. Allen Stanford could finally begin getting back some of what they lost in the next few months, after a recovery process that has dragged on for more than four years. Investors, some of whom lost their life savings, will see only a pittance of what they put into the scheme, but "the process got a boost this past week as parties that had been battling each other for control of about $300 million in frozen foreign bank accounts and other assets once owned by Stanford reached an agreement to work together."
