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iPad May Run Away From Home a Lot Longer March 15, 2013
Wireless charging may be in the works for iPad owners if Apple follows through on a patent awarded to it by the U.S. Patent and Trademark Office Thursday. The tablet cover described in the patent would include "an inductive power transmitter arranged to wirelessly pass power to a corresponding inductive power receiver unit disposed within the tablet device by inductively coupling."
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E-Book Trial Requires Tim Cook's Presence on the Stand March 14, 2013
Apple CEO Tim Cook has been ordered to testify in the antitrust case that accuses his company of e-book price fixing. Apple has tried to keep Cook from having to appear, claiming it was unnecessary considering 11 other top company executives have given depositions in the case.
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Supply Chain Snags Weigh Down Apple's Stock March 13, 2013
Jefferies on Tuesday became the latest Wall Street firm to downgrade its Apple price target as it blamed a delay with an iPhone product launch and slower smartphone sales. Analyst Peter Misek trimmed his target price from $500 to $420. Several other analysts also have downgraded the stock since it fell from its $705 peak last September.
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Judge Orders Apple to Quit Pussyfooting Around March 11, 2013
A judge gave Apple until the end of last week to produce details about how it would provide documents and other evidence requested in a privacy lawsuit. U.S. Magistrate Judge Paul S. Grewal issued the order in San Jose, Calif., on March 6, following claims from the plaintiffs' lawyers that Apple was withholding documents it had been ordered to produce.
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Intel Inside iPhones, iPads Would Let Apple Kick Samsung Out March 08, 2013
Intel's reported plans to provide more contract manufacturing of processors are renewing speculation that it will seek a deal with Apple to make chips for its iPads and iPhones, according to published reports. That could leave Samsung, which makes chips for iOS devices, out of the picture.
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Does Apple Need a Bigger Stick - or Charm School? March 07, 2013
Apple, in so many ways, is now king of the hill. As such, behind every rock on the Web there seems to be a new charge to knock Apple down. If a competitor isn't charging the hill, Apple seems to be the target for stone-throwing. It's not that this is unexpected; the rise and fall of companies -- and Hollywood starlets -- is commonplace.
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Sinking Stock May Signal End to Apple's Glory Days March 06, 2013
Apple's stock price is having another queasy week, falling to a 52-week low on Monday. The drop raised questions as to whether the consumer electronics company is either undervalued -- or if its sky-high earnings days are over. The stock price dipped as low as $419 on Monday, the weakest it had been since January of last year.
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Judge Vaporizes Big Chunk of Apple's Billion-Dollar Win in Samsung Case March 04, 2013
U.S. District Judge Lucy Koh on Friday struck more than $450 million from the damages a jury awarded to Apple in last summer's blockbuster verdict against Samsung. The jury found that Samsung had willfully copied a number of Apple's design and software patents for the iPhone and ruled that it should pay more than $1 billion in damages.
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China Returns US Cyberattack Volley March 01, 2013
What, China was just going to say nothing? On the heels of a report that China's military has for years been engaging in cyberespionage against the U.S., China's Ministry of Defense claimed that a pair of its military websites were attacked more than 100,000 times per month in 2012.
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Judge Nixes Samsung's Request to Ban Apple Devices in Japan March 01, 2013
Apple won a victory over Samsung in a Japanese district court Thursday that will allow it to continue to sell iPads and iPhones in that country. Samsung tried to block the sale of the Apple devices in Japan because it said they stepped on some data transfer patents that the company owned.
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Cook Cheers Investors While Saying Very Little February 28, 2013
CEO Tim Cook presided over Apple's annual shareholder meeting on Wednesday, where he fielded questions about a lawsuit filed by activist investor David Einhorn. In his complaint, Einhorn demanded that Apple unbundle scheduled votes that he claimed would require shareholders to consider separate matters in one ballot. Cook called the lawsuit "silly," but the judge ruled in favor of Einhorn.
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Apple Offers Cash and Vouchers to Calm Irate Parents, Settle Suit February 27, 2013
Apple has proposed a settlement of a lawsuit stemming from children making purchases within iOS applications without their parents' permission. The settlement, expected to be approved by a federal judge Friday, could cost Apple tens of millions of dollars. The class action litigation was filed in April 2011 in a federal district court in California.
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Apple Stock Split Rumors Fly as Shareholder Meeting Looms February 27, 2013
Apple's Cupertino headquarters will be open for investors Wednesday as the company holds its annual shareholder meeting, an event that has attracted more than its share of hype thanks to two big questions: What's coming next from the tech giant, and what it will do with its $137 billion cash pile?
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Einhorn Wins a Legal Skirmish but Still Could Lose the War February 25, 2013
A U.S. federal judge ruled in favor of hedge fund manager David Einhorn Friday, forcing Apple to remove a bundled proposal that was supposed to be voted on at this week's annual shareholder meeting. Einhorn began pushing back against the company's proposed charter earlier this month when he filed a lawsuit claiming that Apple's bundled votes would ask shareholders to consider separate matters in one ballot.
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Foxconn Hiring Freeze Ignites Rumors of Chilled iPhone Demand February 22, 2013
Foxconn, the Chinese technology manufacturer for many popular devices including the iPhone 5, said this week it was cutting back on hiring. However, the company met attempts to tie that action to reports of cutbacks in demand for Apple products with a resounding "no." Due to an unprecedented rate of return for employees following the Chinese New Year holiday, Foxconn said it was also slowing down its recruitment process.
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Einhorn to Apple: Time to Pay the Piper February 22, 2013
Hedge fund manager and rogue Apple investor David Einhorn hosted a conference call for shareholders Thursday as he continued his campaign to steer more cash from the company's balance sheet toward investors. Einhorn, a manager at Greenlight Capital, used the call as part of his broader strategy to pressure Apple to issue a stockholder dividend rather than let the company's $137 billion lay idle.
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Apple's Cook: We're Not Done Innovating Yet February 13, 2013
Despite a stock drop, a lawsuit from a hedge fund manager and questions about future products, Apple CEO Tim Cook told the audience at a Goldman Sachs technology conference Tuesday that innovation remains "deeply embedded" in the company's culture, and that it has "never been stronger."
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Hedge Fund Magnate Takes Apple to Court February 08, 2013
Apple's cash hoarding has always annoyed some of its investors, but Thursday one of them decided to bet on a unique solution. David Einhorn, a hedge fund operator with a history of staunch support for Apple, filed a lawsuit against the company in an attempt to block its board from giving away its power to issue preferred stock.
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Apple Opens Its Arms to Self-Publishing E-Book Authors February 06, 2013
Apple has staked out some precious ground in the e-book battle with Tuesday's debut of Breakout Books, a new section in the iBookstore. This move is a no-brainer for Apple as it seeks to match what Amazon is doing with its Kindle platform, said Ben Bogardus, an assistant professor of journalism at Quinnipiac University.
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Saudi Blogger Won't Face Death on Apostasy Accusation January 23, 2013
A court in Saudi Arabia reportedly has declined to hear the case of Raif Badawi, a liberal blogger who was accused of apostasy. Apostasy,defined as the abandonment of one's faith, is a particularly grievous charge in Islam. Had it been so inclined, the court that turned down the case could have sentenced Badawi to death. As it stands, Badawi's charge was referred to a lower court.
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