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Apple To Reap Windfall On iPhone 5 As Component Cost Is $167.50, Techs Say

Apple iPhone 5
Apple (Nasdaq: AAPL), the world's most valuable technology company, should reap another windfall from selling the iPhone 5 because component costs are only around $167.50, engineers at UBM TechInsights reported. Apple will sell the product for as much as $399 and charge wireless carriers about $450.
Katie Holmes

Katie Holmes Impresses Crowd at Fashion Week Show

Moving on from her very public split with Tom Cruise, Katie Holmes received glowing reviews from buyers and editors on Wednesday, when she presented her fashion line, Holmes **9** Yang, at New York Fashion week for the first time.
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Barack Obama

President Obama Is Glad Readers Are 'Entertained' By 'Fifty Shades of Grey'

The "Fifty Shades of Grey" phenomenon has taken the world by storm. In a recent interview with Entertainment Tonight, President Barack Obama was asked to offer his take on the raunchy novel. Though the book was just bumped from the top spot of the bestseller list by "No Easy Day," the hype surrounding the book isn't expected to fade anytime soon. The highly anticipated film version of the E.L. James shocker continues to have many buzzing.
Jessica Simpson and Eric Johnson.

Jessica Simpson Baby Picture Sparks Outrage

Jessica Simpson caught some unexpected backlash on Monday, when she appeared on Katie Couric's new show with a photo of her 4-month-old daughter, Maxwell Drew Johnson, wearing a bikini.
Tourism

International Tourism Arrivals To Exceed 1 Billion For First Time In 2012

Europe may be in the throes of a crisis while North America recovers from its own recession, but that hasn’t stopped people from traveling -- far from it. Despite concerns over the global economy, tourism has shown incredible resilience as international arrivals are now projected to cross the 1 billion mark for the first time in 2012.
Corsica

Corsica: Violence In Paradise

The island, officially French but in fact very much its own place, is among the most beautiful in the Mediterranean, but it still suffers from endemic violence by nationalists and mobsters. What's wrong with Corsica, then?
Londoners Unhappy That Big Ben Is Being Renamed Elizabeth Tower

Big Ben Now Tolls From ‘Elizabeth Tower’

The iconic clock tower that houses the great bell, the Big Ben, was officially renamed Elizabeth Tower Wednesday to honor the 60 years that Queen Elizabeth has been on the throne.
EADS

BAE Systems Soars 11% On Talk Of Tie-Up With Airbus Parent EADS

U.K. defense contractor BAE Systems PLC (PINK: BAESY) said it's in talks with European Aeronautic, Defence & Space Co., the parent of Airbus SAS, about a possible merger that would create a European counterweight to U.S. companies including The Boeing Company (NYSE: BA).
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Apple Introduces iPhone 5, Refreshes Year-old Product Line

Apple (Nasdaq: AAPL), the world's most valuable technology company, introduced its iPhone 5, the successor to the best-selling iPhone 4S, on all three major U.S. carriers, AT&T Inc. (NYSE: T), the Verizon Wireless unit of Verizon Communications (NYSE: VZ) and Sprint-Nextel (NYSE: S).
Employees work on the floor of the outsourcing company WNS in Mumbai March 19, 2012.

India Hiring Outlook Weakest in Over 3 Years: Manpower

Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.

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