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Ackman’s Words Boost Penney’s Stock

After activist investor Bill Ackman of Pershing Square Capital Management said he expects to make 15 to 20 times his investment in beleaguered Plano, Texas-based retail giant J.C. Penney Company, Inc. (NYSE:JCP), stock in the company hit a ten day high.

As Apple Faces New US Discrimination Accusations, Iran Tries To Capitalize

Apple Store
Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.
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Apple Finally Settles iPad Trademark Dispute in China; Proview Accepts $60 Million

Apple Finally Settles iPad Trademark Dispute in China; Proview Accepts $60 Million

Apple's two-year-long trademark battle with Proview Technology over the use of the name iPad has finally come to a close. The Cupertino, Calif.-based computer giant has reportedly agreed to pay the Chinese electronics maker $60 million to settle the dispute of ownership, which will removes any further obstacles to selling its popular line of tablets in China.
Galaxy Nexus

It's Apple 2, Samsung 0 In US Patent Contests This Week

Apple Inc. (Nasdaq: AAPL) scored its second major win of the week over Samsung Electronics Co. Ltd. (Korea: 005930) in intellectual-property litigation on Friday, as Apple was granted a court order blocking U.S. sales of Samsung's Galaxy Nexus smartphone.
Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai

Apple Facing Justice Dept. Discrimination Accusations

Applesauce might be on the menu if Apple Inc. (Nasdaq: AAPL) doesn't take swift actions to ameliorate members of a coalition representing Iranian-Americans and speakers of Farsi who were allegedly denied sale of iPads and other merchandise by Apple store employees in recent weeks.
Apple's New iPad

Apple Responds To Anti-Farsi Bias Charge, More Cases Emerging: NIAC

After allegations of racial profiling by Apple Inc. employees against Farsi-speaking customers at Apple stores, the company issued a statement Friday saying it doesn't discriminate against anyone, but it failed to address accusations of specific incidents at Atlanta-area stores.
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Why Companies Are Racing To Cut Earnings Forecasts

Expectations for U.S. company earnings are on a slippery slope down Wall Street. While the downward slide in estimates highlights the caution analysts and companies are expressing, investors should also be aware that companies are setting lower goals so that they can look better or be able to ?beat estimates? when the results come out.
Apple

Apple Store Employees Refuse iPad Sale To Farsi Speakers

Apple Inc. (NASDAQ: AAPL) stirred controversy following reports that employees of Apple stores have refused to sell products to customers overheard speaking Farsi, the language of Iran, the Council on American-Islamic Relations (CAIR) said in a statement Wednesday.
Spotify for iPad

Spotify Goes Mobile, But Profits Remain Elusive

Streaming music service Spotify Ltd. launched a mobile radio feature on Tuesday that connects to Apple Inc.'s (Nasdaq: AAPL) ubiquitous iPhones and iPads, encroaching on the turf of online radio provider Pandora Media Inc. (NYSE: P).
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JC Penney Shares Plunge After President Departs

Shares of J.C. Penney Company, Inc. (NYSE: JCP) plunged mid-Tuesday by 10.15 percent, or $2.47, to $21.86 in the wake of president Michael Francis' departure, as the department store struggles to change its discount model and increase revenue.
Craig Federighi, Apple Senior Vice President, Software Engineering stands on stage with a man in a racing suit, AKA, Fake Stig, to demo Racer OS X during the Apple Worldwide Developers Conference 2012 in San Francisco

At WWDC 2012, He's Not the Stig! Does the Gimmick Bode Poorly For Apple? [PHOTOS]

Apple Inc. (NASDAQ: AAPL) has taken aim squarely at the hearts of gearheads and Top Gear fans by welcoming the legendary Stig (well, according to wired.com they're calling him Mr. X, but he sure looks like The Stig) on stage at the World Wide Developers Conference (WWDC) 2012 to play the CSR racing game for iOS and Mac, Monday. While fun at first sight, however, the move may be indicative of cracks in Apple's finely polished marketing veneer.
Steve Jobs

Judge Won't Bar Steve Jobs Quotes From Patent Trial

Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc (AAPL.O) has failed to keep some of them out of an upcoming patent trial against Google's (GOOG.O) Motorola Mobility unit, according to a court ruling.

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