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Apple Unveils Next Generation of iPhones
Apple's latest iPhones will come in a bevy of colors and two distinct designs, one made of plastic and the other that aims to be "the gold standard of smartphones" and reads your fingerprint.
Apple unveiled the latest iPhone models, available on Sept. 20, during an event at its Cupertino, Calif., headquarters. The move comes as rival phones from Samsung and other manufacturers are challenging Apple's hold on the smartphone market.
The lower-cost iPhone 5C will be available in five colors — green, blue, yellow, pink and white. CEO Tim Cook calls it "more fun and colorful" than any other iPhone. The 5C has a 4-inch Retina display and is powered by Apple's A6 chip. It also has an 8 megapixel camera, live photo filters and a rear cover that lights up.
The iPhone 5C will cost $99 for a 16 gigabyte model and $199 for a 32 gigabyte model with a two-year wireless contract. The phone is expected to help Apple boost sales in China and other areas where people don't have as much money to spend on new gadgets as they do in the U.S. and Europe.
The second phone, the 5S, is "the most forward-looking phone we have ever created," said Phil Schiller, senior vice president of worldwide marketing at Apple. It will come in silver, gold and "space gray" and run a new chip, the A7 that is up to twice as fast as the A6.
Schiller said the new phone can run more health and fitness applications. These apps have become increasingly popular as more people use them to track exercise routines, calorie intake and even sleep patterns.
The camera in the 5S received some major upgrades, including several automatic features designed to produce better photos. It has larger pixels, which helps capture more light. The phone also has a two-tone flash feature that is designed not to clash with the colors in the room or a person's skin color — something Schiller said has not been done on a phone before.
The camera, called iSight, has "auto image stabilization," which helps avoid blurry pictures, and a slow-motion camera for video.
The 5S also includes "Touch ID," which reads fingerprints at a "detailed level," Schiller said. He said it is "fun and easy" to teach the 5S about your fingerprint and once you do, you can just touch the home button to unlock the phone. The company said fingerprints will not be stored on its servers.
Tying the fingerprint scanner to payments could also open new revenue channels for Apple.
Both models will be on sale on Sept. 20 in the U.S., Australia, China, Canada, France, Germany, Japan, Singapore and U.K. Apple said this is the first time that a new phone has been available right away in China — a sign of the growing importance of that market to the company. People will be able to order the 5C in advance on Sept. 13.
For buyers entering a two-year contract with a wireless carrier, the phone will cost $199 for 16 gigabytes of memory, $299 for 32 and $399 for 64.
Apple also said its next mobile operating system, iOS 7, will be available as a free download on Sept. 18.
Craig Federighi, head of software at Apple Inc., said at an event at the company's Cupertino, Calif., headquarters that "downloading iOS 7 is like getting an all new device."
The new system can be downloaded on the iPhone 4 and later models, as well as on the tablets beginning with the iPad 2.
Apple also says it expects to ship its 700 millionth iOS device next month. Apple CEO Tim Cook predicts that iOS 7 will become the most popular mobile operating system in the world.
Investors seemed unimpressed. Apple's stock price fell $3.17 to $503.10 during the event, which also featured Elvis Costello. The singer performed a new song from a record coming out next week.
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Last Update on September 02, 2014 07:31 GMT
LONDON (AP) -- The euro has fallen to a near one-year low against the dollar in the wake of soft European economic data and uncertainty over the crisis in Ukraine.
Europe's single currency fell to a low of $1.3119 after a survey Monday showed that the manufacturing sector across the 18-nation eurozone lost momentum in August. The euro hasn't been lower since early September of last year.
The main reason behind the euro's recent weakness has been a growing expectation that the European Central Bank may be considering a monetary stimulus to boost the ailing eurozone economy. In the second quarter, growth in the eurozone ground to a halt.
The crisis in Ukraine has also hobbled the eurozone's economic outlook. Uncertainty over how the conflict will turn out has made businesses hesitant to invest.
FRANKFURT, Germany (AP) -- Europe's economic recovery is in danger. Governments are under pressure to save it, but they are also struggling with political obstacles and disagreement among themselves over what to do.
Instead, the region is pinning its hopes -- once again -- on the European Central Bank, which is expected to launch new stimulus measures if the economy gets any worse.
Europe's lack of growth is looming larger and larger, however, and the ECB says it can't save the economy alone.
For more than five years since the eurozone hit turbulence over too much debt in 2009, governments' answer has been to raise taxes and restrain spending. And there's been some progress. Deficits have shrunk, and countries that needed bailout loans are slowly getting their act together.
But second quarter growth was zero, after only four quarters of measly expansion
BEIJING (AP) -- An American business group warns that foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and says investment might decline if conditions fail to improve.
The American Chamber of Commerce's report adds to mounting complaints about a flurry of investigations of global automakers, technology suppliers and other companies in recent months. Some foreign managers say Chinese authorities appear to be trying to hamper them and shield domestic rivals from competition.
The American Chamber of Commerce in China says almost half of companies responding to a survey "believe that foreign companies are being targeted." It said the risk was increasing that China "will permanently lose its luster as a desirable investment destination."
Uncertainty over regulatory investigations adds to challenges for foreign companies at a time when China's growth is slowing and they face more competition from ambitious local rivals.
MILWAUKEE (AP) -- President Barack Obama is touting signs of a continuing emergence from the Great Recession, telling people in Milwaukee the nation's business engines, quote, "a revving a little louder."
The president has used a Labor Day address to put on a new push for increasing the federal minimum wage. Thirteen states have acted on their own to raise their minimum wages.
Until now, Obama and his White House aides had been reluctant to draw too much attention to positive economic trends, worried that some might not be real.
But in Milwaukee, he dared to say, in his words, "We're on a streak."
White House still insist that they are not yet declaring full victory over the lingering effects of a recession that officially ended five years ago.
NEW YORK (AP) -- McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.
Kendall Fells, an organizing director for Fast Food Forward, said workers in a couple of dozen cities were trained to peacefully engage in civil disobedience ahead of this week's planned protests.
Fells declined to specify what is in store for the protests in roughly 150 U.S. cities. But workers recently cited sit-ins as an example of tactics they could use to intensify their push.
The "Fight for $15" campaign is being backed by the Service Employees International Union.
The National Restaurant Association called the protests attempts by labor groups "to boost their dwindling membership."
CHICAGO (AP) -- A new study says Americans' eating habits have improved -- except among the poor.
Those results show a widening wealth gap when it comes to diet. Yet even among wealthier adults, food choices remain far from ideal.
The 12-year study used an index of healthy eating where a perfect score is 110. U.S. adults averaged just 40 points in 1999, and that climbed to 47 points in 2010. Scores for low-income adults were lower than the average and barely budged during the years studied.
Higher scores mean greater intake of heart-healthy foods including vegetables, fruits, whole grains and healthy fats. Low scores mean less of those foods and a greater chance for diet-related illnesses including diabetes, heart problems and obesity.
The study was published Monday in JAMA Internal Medicine.
RALEIGH, N.C. (AP) -- North Carolina business recruiters offered Toyota more than $100 million for the world's largest carmaker to move its North American headquarters to Charlotte rather than a Dallas suburb but still lost out to a Texas offer half that size.
Texas and local officials in the Dallas suburb of Plano offered Toyota less than $50 million.
Both Toyota and North Carolina Commerce Secretary Sharon Decker agree that the company's decision shows incentive money was just one of many considerations the company considered when deciding to move from the Los Angeles area.
North Carolina recruiting documents and emails released last week after a public records request show only about a quarter of the people filling nearly 3,000 jobs were expected to move from Southern California. The pay for those jobs averages $105,000 a year.
ATLANTIC CITY, N.J. (AP) -- The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling has begun to play out as $2.4 billion Revel Casino Hotel empties its hotel.
The casino is scheduled to close Tuesday.
Revel is shutting down a little over two years after opening with high hopes of revitalizing Atlantic City's struggling gambling market.
But the business has been mired in its second bankruptcy in as many years, Revel has been unable to find anyone willing to buy the property and keep it open as a casino.
Analysts and competitors say Revel was hampered by business decisions including a total smoking ban, the lack of a buffet and daily bus trips to and from the casino, and the lack of a players' database from which to solicit customers.
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