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BUSINESS
February 13, 2013 | By Peter Svensson, Associated Press
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he was open to looking at the shareholders' proposals for sharing more cash with investors. Investor David Einhorn sued Apple Inc. last week, saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares. Cook said Apple's proposal would put more power in the hands of shareholders, making it difficult to understand why a shareholder would fight it. Calling the fight a waste of time, Cook said Apple would not waste money by mailing shareholders to try to persuade them to vote for the proposal.
BUSINESS
February 12, 2013 | By Mike Armstrong, Inquirer Columnist
There are many things to call Apple Inc. Maker of the iPhone, iPad, and other must-have products. The world's most innovative company, and the world's most valuable company (at times). Allow me to add to the list: "Major buyer of Pennsylvania tax credits. " The Cupertino, Calif.-based technology Goliath may have more cash than investor David Einhorn believes is prudent, but Apple isn't foolish when comes to taxes. Apple apparently is trying to reduce its tax liability in Pennsylvania by buying up tax credits from other companies here.
BUSINESS
January 25, 2013 | By Matthew Craft, Associated Press
NEW YORK - A sharp drop in Apple's stock pulled the Nasdaq down with it after the tech giant warned of weaker sales. Other stock-market indexes eked out slight gains. Apple sank $63.50 to $430.50. With iPhone sales hitting a plateau and no new products to introduce, Apple said sales would likely increase just 7 percent in the current quarter. That's a letdown for a company that has regularly posted growth rates above 50 percent. The Standard & Poor's 500 index edged up 0.01 of a point to 1,494.82.
BUSINESS
January 25, 2013 | By Peter Svensson, Associated Press
NEW YORK - Apple's profit surge halted in the latest quarter, as a flood of new products, such as the iPhone 5, meant high start-up costs for new production lines. Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase. The earnings report also made clear that Apple was no longer able to sustain the breakneck sales increases of the last three years, even with a fresh iPhone on store shelves.
BUSINESS
January 16, 2013 | By Steve Rothwell, Associated Press
NEW YORK - Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher. The Dow rose 18.89 points to 13,507.32 Monday, having fallen as much as 29 points at the start of the day. The S&P 500 fell 1.37 point to 1,470.68. The Nasdaq composite index fell 8.13 points to 3,117.50 The S&P 500 closed at a five-year high of 1,472 on Thursday, following a solid start to the fourth-quarter earnings reporting period and amid optimism that the outlook for global growth is brightening.
BUSINESS
January 11, 2013
As the flu runs rampant, we sorted through some smartphone applications meant to help track, avoid and treat influenza and other common illnesses. If you are really sick, consult a health professional. HealthMap: Outbreaks Near Me , from John Brownstein, is free for Android and Apple. From a team at Boston Children's Hospital, this app uses a variety of data sources, including the World Health Organization, Google and EuroSurveillance, to map health alerts all over the world.
NEWS
January 11, 2013 | By Mari A. Schaefer, INQUIRER STAFF WRITER
A Delaware county woman is facing charges after she allegedly left her child alone to travel to New York City for the day. Upper Darby police were called by neighbors at 4:16 p.m. on Jan. 4 to check on the well-being of a child. They found the six-year-old girl living in deplorable conditions inside the dirty apartment. A mattress and electrical heating element were on the living room floor, according to court papers. The child told police her mother went "to a store far away. " She said she has been left alone four times and her mother told her to hide in a closet if someone knocks on the door, according to court documents.
FOOD
January 10, 2013
Makes 4 servings 2 tablespoons unsalted    butter, plus more    for greasing the    ramekins 2 medium cooking    apples, peeled,             cored, and diced 1 teaspoon pure vanilla    extract 2 teaspoons freshly    squeezed lemon    juice 3 tablespoons light    brown sugar 1/4 teaspoon ground ...
BUSINESS
January 10, 2013
As the flu runs rampant, we sorted through some smartphone applications meant to help track, avoid and treat influenza and other common illnesses. If you are really sick, consult a health professional. HealthMap: Outbreaks Near Me , from John Brownstein, is free for Android and Apple. From a team at Boston Children's Hospital, this app uses a variety of data sources, including the World Health Organization, Google and EuroSurveillance, to map health alerts all over the world.
NEWS
January 10, 2013
WE Philadelphians hold these truths to be self-evident, that Ed Rendell, our former mayor and governor, is an irrepressible flirt who loves to be spoken about in terms of future potential rather than accumulated legacy. Proof could be found in Tuesday's New York Times , which cited "high-powered advisers" to New York City Mayor Michael Bloomberg who are now searching for the city's next mayor. Among the big-league names floated: Secretary of State Hillary Clinton, U.S. Sen. Chuck Schumer, New York Daily News owner Mort Zuckerman and . . . our own New York-born Rendell.
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