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Apple Foxconn Factory Conditions: Product Prices Expected to Rise with Worker Wages

Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.
A man walks past the Kodak World Headquarters sign in Rochester, New York

Kodak Sells Online Business to Shutterfly, Patent Sale Pending

Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for $23.8 million, kicking off the bankrupt photography pioneer's relaunch as a much slimmer company although a patent sale seen crucial to its turnaround may still be months away.
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U.S. Federal Reserve

Bernanke: Progress Lowering Unemployment Could Fade

The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.
iPad 3 Release Date Could be Delayed, Specs Say

iPad 3 Release Date Could be Delayed: Sources

Apple announced that it is expected to release its newest device, the iPad 3, a week from today. The new gadget has sparked a lot of chatter from the tech community, from its missing start button to its Retina display. However, there are speculations that the newest Apple craze may not actually be available for sale on March 7, according to ComputerWorld.
Report: 'Mini iPad' on Apple's 2012 Product Pipeline

China Higher Court Hears Apple's iPad Appeal

Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted throughout the Chinese mainland.
Workers assemble a pre-production 2013 Dodge Dart during a tour of the Chrysler Belvidere Assembly plant in Belvidere

New Car Sales To Soar in Feb: 14 Million Mark Looks Likely

Automakers will report nearly 1.09 million new cars in February on Thursday, according to two industry forecasts, continuing the ongoing revival of the industry as sales jumped nearly 6 percent from February 2011 and an eye-popping 20 percent from January. That would equal a seasonally adjusted annual rate (SAAR) above 14 million units -- the highest level since early 2008.
Armani

Milan woos luxury spenders with Baroque opulence

Designers at Milan Fashion Week stitched velvet roses and gilded threads on embroidered winter fabrics seeking to lure the kinds of consumers who can still afford to splash out on luxury clothes during a period of financial austerity across Europe.
Banco Santander SA

Santander, KBC to Merge Polish Units

Spain's Banco Santander, the biggest lender in the euro zone by market capitalization, said Tuesday that it will take over Poland’s Kredyt Bank from Belgium’s KBC Group in an all-share deal that values the combined entity at $6.69 billion.
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Priceline Q4 Profits Surge Following Bookings Growth

Priceline.com Inc., which is the biggest U.S. online travel agency by market value, reported a fourth quarter profit $226 million as total bookings rose more than 50 percent from a year ago to $4.96 billion.
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Ahold Acquires Online Retailer Bol.com $469 Million

Royal Ahold NV, the Dutch supermarket retailer, has announced that it has bought Bol.com, the largest online retailer in the Netherlands, from Cyrte Investments and NPM Capital for 350 million euros ($469 million).
Oil prices Seen at a Gasoline Station

Rise and Rise of U.S. Gasoline Prices: Wall Street and Big Oil to Blame?

Everyone agrees the days of cheap gasoline are over. The pain at the pump is forcing people to cut down gasoline usage, and there has been a big drop in gasoline demand in the country. At the same time, domestic production is booming, with the number of rigs just in U.S. oil fields more than quadrupling in the past three years.

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