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Apple Introduces Cheaper IPhone 5C, Will Stop Selling IPad 2

CUPERTINO, Calif. (UPI) — Apple tweaked its product line Tuesday, with the introduction of an 8 GB iPhone 5C and a revamp of its fourth generation iPad, in order to compete with the growth of Android-based devices. As of Tuesday, the new 8 GB version was available only in certain non-U.S. markets, but Apple is […]

YouTube And Viacom End 7-year Copyright Court Battle

MOUNTAIN VIEW, Calif. (UPI) — YouTube and Viacom have reached a settlement over a seven-year battle; Viacom alleged that YouTube facilitated the posting of copyrighted material on its site. The terms of the out-of-court settlement have not been disclosed but it brings to an end a legal battle that started in 2007. Viacom sued YouTube […]

GM Names Jeff Boyer As Global Safety Chief

DETROIT (UPI) — As GM faces intense scrutiny over safety issues plaguing its vehicles, the company Tuesday named Jeff Boyer to the newly created position of vice president of global vehicle safety. General Motors chief executive Mary Barra made the appointment following the recall of 1.6 million vehicles last month due to a faulty ignition […]

Consumer Prices Rise Only Slightly Despite Higher Food Prices

WASHINGTON (UPI) — Consumer prices held steady, only a 0.1 percent rise, despite higher food prices and increasing housing costs, with inflation remaining in check. The Labor Department reported Tuesday that the consumer price index rose by a seasonally adjusted 0.1 percent in February and the index increased 1.1 percent for the previous 12 months. […]

Wal-Mart Announces Video Game Trade-In Program

BENTONVILLE, Ark. (UPI) — Wal-Mart, based in Arkansas, announced a new video game trade-in program to give customers store credit for their working games. The chain said the program, which begins March 26, will allow customers to bring in their video games with their original packaging in exchange for credit toward purchases at Wal-Mart and […]

FDIC Files Lawsuit On Behalf Of Banks Allegedly Hurt By Libor Scandal

NEW YORK (UPI) — The Federal Deposit Insurance Corp. alleges that 16 U.S. banks made money for themselves, and ruined other banks, by manipulating international interest rates. A lawsuit filed Friday in Federal court in New York names banks that sat on the board involved in setting the London Interbank Offered Rate — or Libor. […]

Google Maps Launches ‘River View’ Of Grand Canyon

MOUNTAIN VIEW, Calif. (UPI) — Google Maps users can now raft down the rapids of the Colorado River, from the comfort of a couch, following the launch of “river view” for the Grand Canyon. The company added the feature to Google Street View, allowing users to ride the rapids and discover the canyon along the […]

Consumer Confidence Drops In March

ANN ARBOR, Mich. (UPI) — Consumer sentiment fell unexpectedly in early March as an unusually harsh winter seemed to dull people’s outlook on the economy’s health. The index reading was 79.9, down from 81.6 in February and 82.5 in December, according to the Thomson Reuters/University of Michigan preliminary index of sentiment. The median estimate made […]

Warren Buffet Would Be Surprised If Stock Prices Fell 50 Percent

NEW YORK (UPI) — Warren Buffet said Friday that he would be “surprised a lot” if stock prices globally fell by 50 percent, but said another financial crisis was possible. The Oracle of Omaha, as Buffet is popularly called, said he did not expect stocks to fall from their current levels and that there would […]

U.S. Has Close To 10 Million Millionaires

LAKE FOREST, Ill. (UPI) — The number of households with a net worth of $1 million or more is at a record 9.63 million, higher than before the financial crisis hit. This number surpasses the previous high of 9.2 million in 2007, just before the global financial crisis struck, according to a report released by […]

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