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Banks Drive Stocks Down Early
 Banks Drive Stocks Down Early 
MARKET OPEN
Jan 15, 2009 9:11 AM CST

Banks Drive Stocks Down Early

Investors see bad news everywhere in new data

(Newser) - Stocks dropped at the open today as a surprisingly good JPMorgan quarter struggled to offset other negative economic news, the Wall Street Journal reports. The Dow was off 108, despite Morgan's 4% surge, as Bank of America plummeted 15% after reports it would need more aid to close the Merrill...

Low-Key Jobs Stand-In Known for Steady Hand

Cook expected to keep Apple on solid course during CEO's absence

(Newser) - Steve Jobs' decision to take medical leave was no surprise to Apple-watchers, and neither is his choice of a replacement. Chief operating officer Tim Cook is a little-known name outside Silicon Valley, but his efficient, low-key approach and symbiotic relationship with Jobs over the last decade has helped transform Apple...

Health Forces Jobs to Take Leave From Apple

Problems 'more complex than I originally thought,' founder says

(Newser) - Saying his much-publicized medical problems are “more complex than I originally thought,” Apple founder Steve Jobs is taking a leave from the computer giant through June, the Wall Street Journal reports this afternoon. The 53-year-old survivor of pancreatic cancer said last week he had a hormonal imbalance. Chief...

MacWorld Snoozefest Signals Apple's Decline

Swansong keynote labeled the dullest tech talk since Vista's rollout

(Newser) - Apple's keynote address at the MacWorld expo yesterday felt a lot like the end of an era to those who managed to keep their eyes open during it, Dan Lyon writes in Newsweek. Marketing chief Phil Schiller's "almost unbearable" rollout of various new software features instead of thrilling announcements...

iTunes to Sell Music Without Copy Protection

Prices change: They'll range from $0.69 to $1.29

(Newser) - Apple will remove DRM anti-piracy software from the music it sells on the iTunes store, the New York Times reports. As part of a new deal reached between Apple, Sony BMG, the Universal Music Group and the Warner Music Group, songs will be DRM-free and will be priced differently. New...

Hackers Hijack Mac Site, Falsely Report Jobs' Death

(Newser) - Hackers today attacked an Apple gossip site covering the Macworld convention and falsely reported Steve Jobs’ death on a live blog, CNET reports. The hack is likely the work of shadowy collective 4Chan, which is also responsible for the “Anonymous” attacks on Scientology. The attack, which included random insertions...

Best Buy Offers Used iPhones for $50 Less

Retailer tries to undercut the competition with refurbished handsets

(Newser) - With an eye to newly frugal consumers, Best Buy is offering refurbished iPhone 3Gs for about $50 less than new handsets, Reuters reports. The retailer offers previously owned 8- and 16-gigabyte iPhones (returned in 30 days or less) for $149 and $249, respectively. Best Buy may be trying to undercut...

Jobs' 'Hormone Imbalance' May Signal Cancer

Survival rate for recurrence is 1 to 2 years

(Newser) - Steve Jobs’ statement revealing the “hormone imbalance” that’s caused his weight loss may point to a resurgence of cancer, the Los Angeles Times reports. Jobs survived a rare form of pancreatic cancer that’s less dangerous than the typical kind. But a reappearance of the tumor could suggest...

Jobs: Hormone Imbalance Is Causing Weight Loss

(In other words: Stop saying I have cancer)

(Newser) - Apple mastermind Steve Jobs, looking to silence whispers about his health, said today his doctors have discovered a hormonal imbalance that's causing his weight loss, reports the AP. Rumors have been flying since the increasingly gaunt-looking cancer survivor canceled his annual speech to the Macworld conference tomorrow. “The remedy...

Apple Must Unveil Post-Jobs Plans
 Apple Must Unveil 
 Post-Jobs Plans 
ANALYSIS
Jan 5, 2009 7:15 AM CST

Apple Must Unveil Post-Jobs Plans

With company's fortunes inordinately tied to founder, confidence is at stake

(Newser) - Apple’s foot-dragging on revealing its succession plan should founder and CEO Steve Jobs die has become a drag on the company, Michael Hiltzik writes in the Los Angeles Times. “A corporate succession plan is like the Soviet Doomsday Machine in Dr Strangelove,” he writes after 2008 saw...

New App Helps Users Unlock iPhone
New App
Helps Users Unlock iPhone
Jan 2, 2009 10:18 AM CST

New App Helps Users Unlock iPhone

It's now pretty easy for those who want to shed AT&T

(Newser) - Got that shiny new iPhone 3G for Christmas but don’t want to bail on your non-AT&T service plan? A new application to unlock the iPhone 3G is here, PC World reports. At this point, "even a cat" can get the trick done. Yes, there's always a chance...

Burn Your Kindle, Readers Need iPhone

Consumers jilt e-book readers, download titles to smartphones

(Newser) - They’ve only been around for a few years, but digital book readers may already be going the way of the Walkman. In increasing numbers, tech savvy bookworms are downloading their favorite titles onto smartphones like the iPhone for a fraction of the cost, BusinessWeek reports. For travelers, “bringing...

More Health Rumors About Jobs Hit Apple's Stock

(Newser) - More rumors regarding the health of Steve Jobs put a crimp in Apple's stock today, the Street reports. The company's stock had been trading in positive territory until the tech blog Gizmodo quoted an anonymous but "100% reliable" source as saying Jobs' health is "rapidly declining." After...

Apple: No iBoobs for iPhone
 Apple: No iBoobs for iPhone 
Dec 24, 2008 12:02 PM CST

Apple: No iBoobs for iPhone

Ruins Christmas for geeks everywhere

(Newser) - Apple has ruined Christmas for geeks everywhere, denying them an intensely useful iPhone application called iBoobs. Apple rejected iBoobs from its app store, saying it contained “objectionable content.” The program allowed iPhone users to shake their phones to jiggle a virtual pair of breasts. Apple encouraged the developer...

In Time for Holidays, an iPod Breathalyzer

iBreath taps into growing industry around excessive boozing

(Newser) - A new accessory for the iPod aims to cut down on drunk driving, the Los Angeles Times reports. No, not an app that lists lawyers, or one that calls a cab—a breathalyzer. The iBreath plugs into the iPod and, in 5 seconds, gives a blood-alcohol reading. The creator said...

Dell May Be Set to Float MacBook Air Rival

'Adamo' mystery sets tech world abuzz

(Newser) - Dell's mystery product Adamo could be a super-slim laptop even lighter than the MacBook Air, but it's proving impossible to get solid information about it, Ashlee Vance writes in the New York Times. The firm has registered the trademark and set up a teaser site, but declines to comment on...

Jobs Prepares to Pass the Torch: Analyst

Apple icon's lower profile signals shift, regardless of health

(Newser) - Steve Jobs is moving slowly toward the exit, and the Apple CEO has assembled such a strong team that even the absence of the company's "irreplaceable face" won't spell disaster, reports Apple Insider. Jobs' decision to skip MacWorld Expo doesn't mean his health is worsening but is "a...

Stocks Sink as Morgan Misses
 Stocks Sink as Morgan Misses 
MARKET Open
Dec 17, 2008 8:52 AM CST

Stocks Sink as Morgan Misses

(Newser) - Stocks retreated this morning, after Morgan Stanley reported a worse-than-expected $2.29 billion loss. Goldman Sachs posted a similar number yesterday, but whereas its stock rose, Morgan’s dropped more than 5%. The Dow likewise shed 107 points at the open, while the Nasdaq and S&P each dropped 1....

Apple to Quit Macworld Expo
Apple to Quit Macworld Expo
Dec 17, 2008 3:58 AM CST

Apple to Quit Macworld Expo

Jobs won't be giving keynote address for company's last appearance next month

(Newser) - Apple shocked observers by announcing yesterday that its appearance at next month's Macworld Expo will be its last, Marketwatch reports. CEO Steve Jobs will not be giving a final keynote address at the San Francisco industry gathering where he has traditionally unveiled new products. The company's stock dived 5% following...

Recession Bites Into Apple
 Recession Bites Into Apple 
Dec 16, 2008 4:57 AM CST

Recession Bites Into Apple

November sales down, stock falls

(Newser) - Even apparently recession-proof Apple is now beginning to show signs of strain, and some analysts are predicting a major slowdown for the computer giant next year, the Wall Street Journal reports. US sales of Macs last month declined 1% over a year ago, while PC sales rose 2%. One analyst...

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