PODCAST: Bank of America shells out, Nickelodean half-shells out and there are no clams for the junk-store Renoir
Friday, September 28, 2012 - 10:34 Spencer Platt/Getty Images People walk by a Bank of America branch in Times Square on September 20, 2012 in New York City. Bank of America will pay $2.4 billion to shareholders as part of a settlement announced this morning. The bank admits no wrongdoing, but the settlement is compensation for maybe not telling shareholders the whole story when BofA bought the struggling brokerage Merrill Lynch back in 2008. And Apple takes time out of its morning to tell us "I'm sorry." CEO Tim Cook posted an online letter to iPhone customers, saying that with its Apple Maps application the company fell short of its commitment to making best-in-class products. People who bought the new iPhone5 or upgraded the software on their old iPhones have been forced to use Apple Maps instead of Google Maps, which used to be the standard. Cook says Apple will be working non-stop until Apple Maps is up to snuff. That's not the only Apple product dying on the vine -- users of Apple's ...
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Google Glass Will Be Made in the USA by Foxconn
Google‘s high-tech glasses will be manufactured in California, according to multiple reports, in the latest example of an American tech company choosing to build one of its products in the United States. Google’s highly touted computerized spectacles, known as Google Glass, will be assembled by Foxconn Technology Group, the Taiwanese industrial giant that builds many of Apple‘s products, at a plant in Santa Clara, California, according to reports in the Financial Times and Bloomberg. Google’s decision comes just months after Apple CEO Tim Cook announced plans to spend $100 million to build one of the existing Mac lines in the U.S. Apple’s plans were highlighted by President Obama during his 2013 State of the Union address. Obama has called for tech companies to increase U.S.-based manufacturing, and although there are signs of an uptick, there remains considerable debate about whether this is a long-term trend or a short-term byproduct of the U.S. economic recovery. Foxconn, ...
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