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Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading
Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Apple charged with violating EU's antitrust tech law, may have to pay fine of $38 billion.
Apple has become the first US tech giant to be charged under the European Union’s tough new antitrust tech law. If found guilty, its fine may soar up to $38 billion.
Apple's App Store rules breach EU tech rules, EU regulators say
The European Commission, functioning as both the EU's antitrust and technology regulator, announced that it has forwarded its initial findings to Apple after launching an investigation in March. Additionally, the EU executive revealed that it is also opening an inquiry into the iPhone maker concerning its updated contractual terms for third-party app developers and app stores.
Apple stops Buy Now Pay Later in US: How will it affect new users?
'Buy Now Pay Later' scheme by Apple Pay Later has now been stopped in the United States, an initiative that was launched only last year. This may now pose a new challenge for Apple enthusiasts planning to purchase products on installment. In the coming days, it will get reflected whether this call by Apple has created any effect on its device purchase ratio.
Apple to discontinue 'buy now, pay later' service in US as it plans new loan programme
Users will be able to access installment loans offered through credit, debit cards and lenders when checking out with Apple Pay, starting later this year, the company said in a statement.
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How Elon Musk's $44.9 billion Tesla pay package compares with the most generous plans for other US CEOs
Elon Musk won't get access to the stock options just yet, even with the reapproval vote. In 2018, January Delaware Judge said the shareholders weren't informed that Musk controlled the company's board and the process for approving was 'deeply flawed." But Tesla said Musk deserves the pay because he turned the company into the top-selling electric vehicle maker in the world.
Apple accused in lawsuit of underpaying female workers in California
Apple faces a class action lawsuit in California for allegedly underpaying over 12,000 female employees. The lawsuit claims Apple pays women less in engineering, marketing, and AppleCare divisions compared to men with similar jobs.
Apple reclaims title of world's most valuable company
Apple on Wednesday reclaimed its berth as the world's biggest company when measured by stock price, taking back the top position from Microsoft. Apple, which had taken its time to draw up its AI strategy, lost the top spot in January as investors rewarded Microsoft's unabashed rollout of new generative AI products under its Copilot brand.
Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Microsoft debuts 'Copilot+' PCs with AI features
At an event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what Microsoft calls "Copilot+" PCs, saying that it and a range of manufacturers would sell them, including Acer and Asustek Computer.
Microsoft to unveil AI devices and features ahead of developer conference
The Windows maker is expected to reveal a new version of its Surface Pro tablet and Surface Laptop that feature Qualcomm chips based on Arm Holdings' architecture.
Unionised US Apple store votes to authorise strike
Unionized workers at a Maryland Apple store voted on Saturday to authorize a strike, which would mark the first such labor action against the retailer in the United States if it goes forward. Employees at the Apple store in the town of Towson, outside of Baltimore, voted to unionize in 2022 -- another first for the iPhone maker's US stores.
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
Microsoft ordered to pay $242 million to IPA for infringing IPA patent with Cortana. IPA under Wi-LAN. Lawsuit filed in 2018. Microsoft denies infringement. IPA also sued Google and Amazon.
Apple to extend new core technology fee to iPadOS apps
Apple extends core technology fee to iPadOS apps under EU rules, with exemptions for small developers, non-profits, and limited install apps. The fee applies to App Store, Web Distribution, and global revenue developers.
Spotify says Apple has rejected its app update with price information for EU users
The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday.
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
Apple's bid to settle the four-year investigation would help it dodge a finding of wrongdoing and stave off a potential hefty fine that could be as much as 10% of its global annual turnover.
Apple denies violating US court order in Epic Games lawsuit
Apple denies breaching court order on App Store, opposes Epic's contempt plea. Criticizing Epic's free tool access desire, U.S. Supreme Court rejects Apple's appeal. Meta Platforms, Microsoft, X support Epic's argument in ongoing legal battle.
Apple denies violating US court order in Epic Games lawsuit
Apple denied violating court order by Epic, criticized free tools. Epic declined comment. Supreme Court declined Apple's appeal. Apple imposed 27% fee on developers. Meta Platforms supported Epic's arguments.
Apple loses bid to throw out UK lawsuit over App Store fees
Sean Ennis, a competition law professor and economist, is spearheading the case, which was filed at London's Competition Appeal Tribunal (CAT) last year and alleges Apple charged developers unfair commissions of up to 30%.
Consumers sue Apple, taking page from US Justice Department lawsuit
At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct.
Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's Windows operating system two decades ago, and the government as a result may face a tougher time in taking on Apple, legal experts said.
US sues Apple, accusing it of maintaining an iPhone monopoly
The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the US District Court for the District of New Jersey.
Meta, Microsoft, X and Match join Epic Games' battle against Apple
The technology companies, which developed some of the most popular apps in the App Store, said Apple was in "clear violation" of the September 2021 injunction by making it difficult to steer consumers to cheaper means to pay for digital content.
Apple pays $13.7 million Russian fine, antitrust agency says
US tech giant Apple has paid a Russian fine of 1.2 billion roubles ($13.65 million), imposed over the company's alleged abuse of its dominant market position concerning in-app payments, Russia's FAS antitrust agency said on Monday.
Apple to pay iPhone 7 users who faced ‘loop disease’ audio issues
Apple has reached an agreement to settle a US class action lawsuit, in which the company will be paying $35 million to iPhone 7 and iPhone 7 Plus users, who were prone to audio issues due to a defective chip in the devices.
EU Commission seeks feedback on Apple offer to open up tap-and-go tech to rivals
The bloc's regulator had charged Apple with restricting access to its tap-and-go mobile payment systems, based on the independent technology called Near-Field Communication (NFC), as it made it difficult for rivals to develop alterative payment options for iOS-based devices and compete with Apple Pay and Wallet apps.
Apple ready to open iPhone tap-to-pay to rivals—in the EU
Apple is prepared to open the iPhone's ability to tap-to-pay to rivals -- in the EU -- after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday. The European Commission has invited companies in the contactless payments business to comment within a month on Apple's proposal to see if it addresses their competition concerns on getting access to tap-to-pay tech on iPhones and Apple watches.
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