Apple CEO talks of ‘incredible plans’

05/29/2013 3:37 PM

05/29/2013 3:38 PM

‘Incredible plans’

Apple chief executive officer Tim Cook, seeking to quell concerns about the company’s ability to innovate in consumer electronics, said his staff “has several more game changers” in the pipeline.

The iPhone maker has “some incredible plans,” Cook said at the D: All Things Digital conference in Rancho Palos Verdes, Calif. He singled out television and wearable computing as areas of interest.

Drugs allowed

Federal health regulators are allowing overseas imports of critical intravenous drugs used to nourish premature infants amid a shortage that has affected hospitals nationwide.

The Food and Drug Administration said new supplies of drugs used in total parenteral nutrition, a hospital staple, will be available to U.S. patients this week.

The injectable formula is used to feed newborn infants, cancer patients and other vulnerable groups who are unable to eat or drink by mouth.

Amazon shows

Amazon said it will start production on two new comedy shows and three new kids shows to air later this year and early next year on its video streaming service.

The shows were chosen from pilots previously aired on Amazon’s Prime Instant Video service. They are intended to help Amazon better compete with Netflix, which already produces a handful of shows.

No salad days

McDonald’s, struggling to project a healthier image amid complaints about its high-calorie food, is having a hard time persuading customers to buy salads.

Even with such names as Bacon Ranch and Southwest With Crispy Chicken, salads make up 2 to 3 percent of U.S. restaurant sales, chief executive officer Don Thompson said at an investor conference. By contrast, the Dollar Menu generates 13 to 14 percent of sales, he said.

Amway plant

Amway is building an $81 million manufacturing plant and warehouse near the company’s headquarters in Michigan.

The direct sales giant announced the official start of construction of the 317,000-square-foot facility. The company said it will house select manufacturing operations for some vitamins, minerals and dietary supplements.

Mortgage decline

Mortgage applications in the U.S. fell for a third consecutive week as the highest borrowing costs in a year triggered a slump in refinancing.

The Mortgage Bankers Association’s index fell 8.8 percent in the period ending May 24 from the prior week.

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