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DOJ may not need Apple’s assistance to unlock iPhone

WASHINGTON, March 21, 2016 – Magistrate Judge Sheri Pym canceled a scheduled hearing in California after the Department of Justice (DOJ) announced it may not need Apple’s assistance breaking into an iPhone that was used by one of the San Bernardino terrorists. The cancellation is a surprising twist in what has already been a high-profile ...

Business news: iPhones, Lions Gate, Sherwin-Williams

WASHINGTON, March 21, 2016 – As we write this, a moderately surprising early spring Apple Event is unfolding out in America’s Left Bank. Apple (symbol: AAPL) CEO Tim Cook, et. al. have just opened the meeting by virtue-signaling their support for all things environmental, social and liberal while staunchly defending the right of Apple device ...

The dust settles on Wall Street’s latest Black Monday

WASHINGTON, Aug. 24, 2015 – At this morning’s opening bell, Wall Street went into instant crash mode, as the Dow Jones Industrials quickly shredded the record books by dropping over 1000 points in a New York second. In the back of your mind, you could just hear one of those old-time carney barkers spinning his ...

Apple (AAPL) reports largest net income in history of the universe

WASHINGTON, January 28, 2015 – Those who tuned into Apple’s conference call after Tuesday’s market close were flabbergasted by the company’s profit and sales figures for the December quarter. Even the relatively staid Financial Times of London (FT) couldn’t restrain itself from describing the numbers, which it characterized as “the largest net income of any ...

Apple [AAPL] launches iPhone 6 Plus and all-new Apple Watch

CUPERTINO, Calif., September 9, 2014 – Apple [AAPL] introduced its long-anticipated iPhone 6 models today during its more or less annual media event, which took place this year at the Flint Center for the Performing Arts. The new iPhones come in two notably larger sizes than their predecessor models. The model designated as the iPhone ...

Apple [AAPL] stock on pre-iPhone tear, Yellen on deck

WASHINGTON, August 21, 2014 – Tricky but positive action rules trading this morning, with the Dow back above the somehow-magical 17,000 mark and the S&P 500 flirting with and occasionally exceeding another record. If this is a “bubble,” as the trading punditocracy has been calling it, somebody’s sure making the big bucks on the latest ...

Apple acquisition Beats analysts, analysts trash Apple stock

WASHINGTON, May 12, 2014 – Apple’s stock (AAPL), after soaring over 50 points as excitement over its impending stock split caught fire, took it on the ear Friday by announcing the kind of acquisition everyone supposedly wanted. The computer-telecom-entertainment giant was allegedly prepared to pay some $3.2 billion to acquire privately-held Beats Electronics LLC, a ...

Apple soars: Big stock split, earnings boost flummox pundits

WASHINGTON, April 24, 2014 – Apple stock (AAPL) is on a tear this morning. Pummeled mercilessly all winter through late Wednesday, the company’s shares are up over 42 point in heavy trading today as we approach the noon hour, borne skyward by yesterday’s slew of good numbers reported after the bell. Not only did the ...

Massive Apple stock split, earnings beat – sends after hours shock through markets

CUPERTINO, Calif., April 23, 2014 – Apple (AAPL) shocked complacent traders after today’s close by declaring a massive 7 for 1 stock split and reporting a big second quarter earnings beat. Completely unexpected by financial pundits, Apple’s announced stock split is being characterized as one of the biggest in the S&P 500’s recent history, leading ...