Retailers, consumers and prices
Apple is expected to announce a fix for the iPhone 4's reception problems, rather than a recall, at a surprise press conference on the device on Friday. The event, which comes only days before Apple reports its quarterly results, may find the company offering hardware or software tweaks, ranging from a rubber bumper case to something more drastic. Or perhaps no fix at all.
Reuters is live at the event, and we are hosting a live blog with updates as fast as we get them. Stay tuned for more, and please post your comments about Apple's decisions.
Check out the weak euro’s latest victim.
McDonald’s reported better-than-expected global sales in May at stores open at least 13 months, but warned that full-year profits would be hit by unfavorable currency exchange rates, specifically calling out the euro.
The No. 1 hamburger chain gets about one quarter of its operating income from the euro zone, and that region will result in foreign exchange rates hurting the full-year profit instead of being slightly positive as it previously forecast. However, the company said that issue would not affect second-quarter results and the European stores posted far stronger-than-expected May sales, so the real impact of the weak euro is still to come.
The well-known consumer magazine said it was changing the rating for that SUV after recall work corrected the problem it displayed in one of its emergency handling tests.
from Left field:
Under Armour got the kind of attention any sports-loving company would rather avoid after it recalled more than 200,000 athletic cups on fears they could break if hit and result in serious injury.
The U.S. Consumer Product Safety Commission said the company received five reports of cups breaking, including an injury involving "cuts and bruising."