FOXCONN

Foxconn Technology Group will keep increasing worker salaries in China and cutting work hours, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads.

The audit, which Apple commissioned, found that 43 percent of workers at Foxconn had experienced or witnessed accidents, and nearly two-thirds said compensation does not meet their basic needs.

An independent investigation into Foxconn factories and working conditions finds that changes need to be made. Apple has said they will be improved.

Apple Inc and its main contract manufacturing Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business in China.

When Chinese worker Wu Jun heard that her employer, the giant electronics assembly company Foxconn, had given employees landmark concessions her reaction was worry, not elation.

An audit by the Fair Labor Association has raised serious concerns over the working conditions at the Chinese factories of Foxconn Technology Group, which manufactures Apple products.

Apple Inc and its China manufacturing partner, Foxconn, agreed to improve wages and working conditions at factories accused of being sweatshops, a move that could set a new higher-cost benchmark for other Western users of Chinese labor.

In a landmark development for the way Western companies do business in China, Apple Inc said on Thursday it had agreed to work with partner Foxconn to tackle wage and working condition violations at the factories that produce its popular products.

Apple is facing increasingly more criticism regarding poor working conditions at its supplier Foxconn's Chinese factories. In an effort to improve working conditions, Apple CEO Tim Cook visited Foxconn Technology Group's new manufacturing facility for the iPhone in Zhengzhou, China.

An audit of Apple products manufacturer Foxconn found serious and pressing Chinese labor law violations.

In a landmark development for the way Western companies do business in China, Apple Inc said Thursday it had agreed to work with partner Foxconn to substantially improve wages and working conditions at the factories that produce its wildly popular products.

Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices.

Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices.

Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.

Sharp Corp. announced Tuesday plans to sell new shares in itself to Hon Hai Precision Industry Co., part of Foxconn Technology Group, in an effort to raise 132.5 billion yen ($1.6 billion) after forecasting a record loss for the year.

Tim Cook has taken a step that Steve Jobs never did: Visit China. This is the first time an Apple CEO has visited the country in an official capacity, several sources report, including Apple-centric blog AppleInsider.

Sharp Corp <6753.T> will announce a tie-up with Taiwan's Hon Hai Precision Industry <2317.TW> on Tuesday that would include the sale of part of its loss-making major factory in western Japan, the Nikkei business daily reported.

iWorld rumors are now focusing on next generation iPhone, dubbed iPhone 5. Apple iPhone 5 release date is one of the hottest topics among the rumors and the latest buzz is that Apple could surprise everybody by letting iPhone 5 debut in June.

Foxconn, the primary assembler for Apple products, went on a massive hiring spree, indicating that production of the iPhone 5 could be underway, according to Asian news source M.I.C. Gadget.

Despite what the stage monologist would have audiences believe, there are serious journalists who have devoted their careers to reporting on conditions in China. One of them, Rob Schmitz, told IBT that Daisey has undermined his and other reporters' work.

Apple (AAPL) shares soared on Monday, breaching the 600 mark a few times before finally settling on 601, after the Cupertino, Calif.-based tech company decided to share some of its $100 billion in cash with its investors. Apple announced it would reward shareholders by launching a quarterly dividend and a stock buyback program that will pay out about $45 billion over three years, set to go into effect later this year.