Apple agreed to pay $53 million to resolve a consumer lawsuit over iPhone and iPad warranties, according to a court filing.
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The settlement provides cash payouts to potentially hundreds of thousands of iPhone and iPod Touch consumers who found Apple unwilling to repair or replace their faulty phones under Apple’s one-year standard or two-year extended warranty.
Apple admitted no wrongdoing in the settlement, which needs a judge’s approval in federal court in San Francisco.
Kellogg has agreed to pay $4 million to settle a class action lawsuit over the marketing claims it made for Frosted Mini-Wheats.
The company, which also makes Frosted Flakes, Eggo waffles and Pop Tarts, was sued for saying that the cereal improved children’s attentiveness, memory and other cognitive functions.
Kellogg said in a statement that the ad campaign in question ran about four years ago and that it has since adjusted its messaging to incorporate guidelines set by the Federal Trade Commission. The company also noted that it “has a long history of responsible advertising.”
Tablet computer shipments are projected to grow 45 percent this year and reach 332.4 million in 2015, compared with an estimated 322.7 million for PCs, according to market researcher IDC.
PC shipments may decline 7.8 percent this year, the worst annual drop on record, the researcher said, a revision from its prior projection for a 1.3 percent decrease.
New York Comptroller Thomas DiNapoli has withdrawn a shareholder resolution at Ralph Lauren after the global retailer promised to issue a report next year related to social and environmental issues.
The company said it will post the report on its website when filing its next annual report in May 2014.
Verizon Wireless’ newest phone, Samsung Electronics’ Galaxy S4, is the first device that will be able to take advantage of the carrier’s next network upgrade, which will more than double Internet speeds.
The Galaxy S4 includes components that allow it to work on Verizon’s Advance Wireless Service spectrum, a Verizon spokesman said. The phones will require a software upgrade to activate the connection to the AWS frequency.
The European Union's antitrust chief said Google will have to offer more changes to the way it displays search results to settle a pending case.
The period to examine Google's proposals has been extended by one month and his office will ask Google with “almost 100 percent” certainty in June to do yet more, Joaquin Almunia told the European Parliament.
Google's search engine, which is the world's most influential gateway to online information and commerce, enjoys a near-monopoly in Europe with a market share of above 90 percent.