Apple says first-day pre-orders of the iPhone 4S topped 1 million, breaking the record set by last year’s model. Apple Inc. and various phone companies in the U.S., Australia, Canada, France, Germany, Japan and Britain started taking orders for the phone Friday. It hits stores this Friday. The base model of the iPhone 4S costs $200 with a two-year contract. It has a faster processor and an improved camera compared to last year’s model. However, some customers and investors were disappointed that Apple didn’t launch a more radical new model. It’s been more than a year since Apple released the previous model. The potential customer base for the phone has expanded greatly since the last model was launched.
Pancreatic cancer cited in Jobs’ death
A copy of Steve Jobs’ death certificate indicates the Apple co-founder died of respiratory arrest that resulted from pancreatic cancer that had spread to other organs. Jobs died Wednesday at age 56. Apple Inc. didn’t disclose the cause of death, but Jobs had battled pancreatic cancer and had a liver transplant in 2009. He resigned as Apple’s CEO in August while out on his third medical leave in several years. The death certificate, released Monday by the Santa Clara County Public Health Department, says Jobs died at his home in Palo Alto. No autopsy was performed. Jobs died the day after Apple unveiled its latest iPhone.
Report: Murdoch should leave board
An influential consulting firm is advising that shareholders vote News Corp. Chairman Rupert Murdoch and 12 others off the board of directors of the media giant less than two weeks before its annual meeting. Calling the phone-hacking scandal that led News Corp. to close its British News of the World tabloid and that has led to government probes of the company both in England and the United States a “failure of board stewardship,” Institutional Shareholder Services said Monday that an overhaul was necessary. News Corp. is scheduled to hold its annual meeting Oct. 21 in Los Angeles. A News Corp. spokeswoman said the company “strongly disagrees” with ISS.
Takeover rumors boost Yahoo stock
Shares of Yahoo Inc. rose Monday as more reports emerged that potential buyers are circling the Internet search company. The stock rose 37 cents, or 2.4 percent, to close at $15.84 after Reuters reported that Yahoo co-founder Jerry Yang may organize a buyout with private equity firms. And Bloomberg reported that Alibaba, China’s biggest e-commerce site, has talked to Singapore’s state-owned investment company, Temasek Holdings, about financing to buy out Yahoo’s 40 percent stake in Alibaba. Both news organizations cited as sources unidentified people familiar with the situation. Rumors have swirled about Yahoo’s fate since the company fired CEO Carol Bartz last month.
From Herald news services
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