The federal and state regulators proposed remedies for Apple Inc's e-book price-fixing. On Friday, the US Department of Justice and 33 US states said that Apple Inc deserved a five-year ban from participating in anti-competitive e-book distribution deals.
Trending News
Apple cuts budget for retail store supplies by 30%
Apple lessened its budget for retail store supplies like pens and papers by 30% and reduced costs for employee trainings.
Budget iPhone will make Apple an excellent buy again - analysts
Analysts said that launching a mid-range iPhone would allow Apple to get the interest of the Chinese market and increase it revenue.
Windows 7 still trumps Windows 8
Windows 8 was still behind Windows 7 because adapting to new operating system would cost corporation a lot of time.
Active Network evaluates investment, buyout plan
Active Network said that its board was considering proposals to invest or purchase in the company. Active Network's shares rose 25% during midday trading on Friday.
Latest News
Viacom doubled up its stock buyback program to US$20 billion which resulted in a surge in the company's shares.
Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.
The executives of Sony said that their electronics enterprise showed signs of rebound after posting US$35 million profit.
Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.
Two confirmed cases of cyclospora in Louisiana were confirmed and now the disease could become an outbreak.
Reuters said that Apple CEO Tim Cook and China Mobile chairman Xi Guohua recently met to talk about "matters of cooperation."
Analysts said that China Mobile would play a huge part in China's explosive mobile growth which would allow investors to continuously gain profit.
H&M finally launched its online store after its 13-year stay in the country. H&M, a Swedish fashion retailer, finally launched its own e-commerce site August 1.
Activision Blizzard Inc's CEO Bobby Kotick said that the video game publisher would conduct "business as usual."
