Apple to refund at least $32.5 million in disputed kids’ app purchases
WASHINGTON (Reuters) – Apple Inc will refund consumers at least $32.5 million to settle a longstanding complaint that the technology company billed U.S. consumers for charges incurred by children through mobile apps without their parents’ consent.
Penney to close 33 stores, cut 2,000 jobs to stem losses
NEW YORK (Reuters) – J.C. Penney Co Inc said on Wednesday it would close 33 stores and cut 2,000 jobs as part of its efforts to return to profitability.
Exclusive: Charter makes new approach to Comcast on Time Warner Cable bid – sources
NEW YORK (Reuters) – Charter Communications Inc reached out to Comcast Corp this week about teaming up to buy Time Warner Cable Inc, after Time Warner Cable rejected its $37.3 billion buyout bid, according to people familiar with the matter.
Apple to refund at least $32.5 million in disputed kids’ app purchases
WASHINGTON (Reuters) – Apple Inc will refund consumers at least $32.5 million to settle a longstanding complaint that the technology company billed U.S. consumers for charges incurred by children through mobile apps without their parents’ consent.
Bank of America fourth-quarter profit rises as bank shakes off financial crisis
(Reuters) – Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis.
S&P 500 closes at record on bank earnings, data
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signaled that the economy was improving.
Early holidays point to grim outlook for China’s small factories
DONGGUAN/KUNSHAN, China (Reuters) – Scores of factories in China’s manufacturing heartlands have closed earlier than usual for the country’s biggest annual holiday due to weak orders and rising costs, workers and owners say, suggesting a rocky outlook …
U.S. judge allows Bin Laden driver testimony at Abu Ghaith trial
NEW YORK (Reuters) – A former driver for Osama bin Laden and a witness linked to plots to bomb U.S. airliners may testify by video at the U.S. trial of Suleiman Abu Ghaith, a son-in-law of bin Laden and former al Qaeda spokesman charged with conspiring…
U.S. economy expanding at a moderate pace: Fed
WASHINGTON (Reuters) – The U.S. economy continued to grow at a moderate pace from late November through the end of 2013, with some regions of the country expecting a pick-up in growth, the Federal Reserve said on Wednesday.
Big banks fall short in gathering risk data: report
NEW YORK (Reuters) – Some of the world’s biggest banks are falling short in collecting data on the risks they face doing business with one another and with other large institutions, according to a report released on Wednesday.
