Apple Apologizes After Outcry Over Slowed iPhones

Facing lawsuits and consumer outrage  after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. In a posting on its website Thursday, Apple apologized over its handling of the battery issue and said it would make a number of changes for customers “to recognize their loyalty and to…

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US Charges 2 Romanians With Hacking of DC Police Surveillance Cameras

The Justice Department on Thursday unsealed details of its case against two Romanians who allegedly hacked computers tied to Washington, D.C., police surveillance cameras. Police in Bucharest arrested Mihai Alexandru Isvanca and Eveline Cismaru on December 15. U.S. attorneys have charged them with conspiracy to commit computer and wire fraud. They allegedly hacked into more than 120 computers tied to Washington police surveillance cameras last January. It was part of…

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With Lineup Widening, Apple Depends Less on iPhone X

In years past, demand for Apple Inc.’s latest flagship phone was critical to the company’s results over the holiday shopping quarter. That dynamic might be changing, however, as Apple’s widening lineup of devices and services more than makes up for any tepidness in demand this quarter for its lead product, the $999 iPhone X. On Tuesday, Apple’s stock fell 2.5 percent to $170.57 after Taiwan’s Economic Daily and several analysts suggested iPhone X sales in the fiscal first…

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China Gets Its Wine On

By 2020, China could become the world’s second-largest wine consumer, behind the United States, according to a report by Vinexpo, a leading wine exhibition. “Nowadays, many people in China have given up Baijiu, no more Baijiu,” says Jiawei Wang, a Napa Valley visitor from China, referring to his native country’s traditional grain-based spirits. “Because wine has enough alcohol, but it’s also good for health. It can soften humans’ blood vessels….

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US Economic Momentum Expected to Continue in 2018

Despite initial concerns about an untested new leader, the world’s largest economy will end the year on a high note. The US economy is expanding at the fastest pace in more than two years, buoyed in part by low unemployment, soaring stock prices and a broad economic recovery around the globe. The momentum is expected to carry into 2018, but, as Mil Arcega reports, economists say the new year is…

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As Online Shopping Grows, UPS Sees Record Holiday Package Returns

United Parcel Service Inc is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month. The world’s largest package delivery company and rival FedEx Corp get paid by retailers like Amazon.com Inc and Wal-Mart Stores Inc for handling e-commerce deliveries. Both have benefited from booming delivery volumes over the past few years, but also…

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Airbus Reportedly Ready to Ax A380 If It Fails to Win Emirates Deal 

Airbus is drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo, if it fails to win a key order from Dubai’s Emirates, three people familiar with the matter said. The moment of truth for the slow-selling airliner looms after just 10 years in service and leaves one of Europe’s most visible international symbols hanging by a thread, despite a major airline investment in…

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Homelessness to Digital IDs: Five Property Rights Hotspots in 2018

The global fight over land and resources is getting increasingly bloody and the race for control of valuable assets is expanding from forests and indigenous territories to the seas, space and databanks. Here are five hotspots for property rights in 2018: 1. Rising violence: From Peru to the Philippines, land rights defenders are under increasing threat of harassment and attack from governments and corporations. At least 208 people have been…

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