Apple's iPhone 4 global sales top 1.7 mil. in 3 days after debut+

NKorea dismisses G8 criticism on ship
AAP North Korea on Tuesday rejected Group of Eight criticism over its alleged deadly sinking of a South Korean warship, a day after the isolated Communist nation threatened to bolster its Nuclear Capability. The North's Foreign Ministry accused the G8 leaders of a "sinister political purpose", saying in a report carried by the country's official Korean Central News Agency that the G8 has been reduced to an "evil group". An international investigation led by South Korea concluded in May that...

North Korea calls G-8 an 'evil group' for criticism over deadly sinking of SKorean warship
Seoul, South Korea — North Korea on Tuesday rejected Group of Eight criticism over its alleged deadly sinking of a South Korean warship, a day after the isolated Communist nation threatened to bolster its Nuclear Capability. The North's Foreign Ministry accused the G-8 leaders of a "sinister political purpose," saying in a report carried by the country's official Korean Central News Agency that the G-8 has been reduced to an "evil group." An international investigation led by South Korea...

Economic Outlook: Split decisions
Splitting the differences does not make the U.S. Supreme Court many fast friends, but it does some scores anyway. The nation's highest Court Monday upheld the 2002 Sarbanes-Oxley Act that established the five member Public Company Accounting Oversight Board, which was a reaction to the Accounting scandals of the 1990s, most notably the case of energy firm Enron, where creative auditing reached a peak. But the Court ruled the PCAOB was part of the government and needed to be under presidential...

Apple Says iPhone 4 Sales Top 1.7 Million in First Three Days
Apple ( AAPL ) sold over 1.7 million of its iPhone 4 in its first three days on sale, the company announced today. The product was launched on June 24. "This is the most successful product launch in Apple's history," Steve Jobs, Apple's CEO, said in a statement. "We apologize to those customers who were turned away because we did not have enough supply." Consumers flocked to buy the new product, which has a suggested retail piece of $299 for the 32GB model, to take advantage of new features...

Apple iPhone: iPhone 4 reception problem? Don't hold it that way, Apple says
A day after users discovered that cradling Apple Inc.'s new iPhone in your hand may interfere with its antenna and cause it to lose its signal, the company has suggested a solution: Don't hold it that way. Apple said that some loss of signal from gripping a handset is "a fact of life for every wireless phone," and that if it happens on the new iPhone, users should "avoid gripping it in the lower left corner in a way that covers both sides of the black strip in the metal band." Get a daily...

Japan and Russia agree to territory talks
Tokyo, June 29 (UPI) -- Japanese Prime Minister Naoto Kan and Russian President Dmitry Medvedev reiterated a desire to solve the 65-year territorial dispute over the Russian-occupied Kuril Islands group. Kan and Medvedev made their statements in Canada where they briefly met on the sidelines of the Group of Eight Summit near Toronto. The G8 Summits bring together leaders from Britain, Canada, France, Germany, Italy, Japan, Russia and the United States. Russia occupied four Japanese Islands,...

Stocks plunge on global jitters
NEW YORK (CNNMoney.com) -- Stocks plunged at the open Tuesday, following a sharp drop in Asian shares overnight, amid concerns about the outlook for the Global Economy. Dow Jones industrial average ( INDU ) dropped 197 points, or 1.9%, in the first 22 minutes of trading. The S&P 500 ( SPX ) slid 22 points, or 2.1%, and the NASDAQ ( COMP ) Composite fell 58 points, or 2.6%. Stocks ended a choppy session slightly lower Monday after world leaders pledged to cut public Deficits over the next...

IPhone 4 Sales Top 1.7 Million
Apple ( AAPL ) said on Monday it sold more than 1.7 million iPhone 4 units within three days of its debut as the tech titan hailed the device as its "most successful" launch ever. Priced as low as $199 in the U.S., Apple has experienced such heavy interest in its latest incarnation of the iPhone that it has struggled to meet demand. "This is the most successful product launch in Apple's history," said Steve Jobs, Apple's CEO. "Even so, we apologize to those customers who were turned away...

Apple can't keep up with demand for new iPhone
Despite supply problems, Apple sold more than 1.7 million of the latest version of its iPhone in three days after its Thursday launch, the company said Monday. The iPhone 4 was "the most successful product launch in Apple's history," company CEO Steve Jobs said in a statement. "Even so, we apologize to those customers who were turned away because we did not have enough supply." With 600,000 pre-orders already logged by the time of the launch, it was certain the iPhone 4 — which is 25...

Apple Acknowledges iPhone 4 Reception Issues, Says Don't Hold It Like That
Here's Apple's response to the now officially-acknowledged iPhone 4 antenna reception problems. They told Engadget , and our own reader Jason: Gripping any Mobile Phone will result in some attenuation of its antenna performance, with certain places being worse than others depending on the placement of the antennas. This is a fact of life for every wireless phone. If you ever experience this on your iPhone 4 , avoid gripping it in the lower left corner in a way that covers both sides of the...

World Cup Bettors Have a Lousy Week
By WILL CONNORS And HANNAH KARP Agence France-Presse/Getty Images People who bet on England react happily to the team scoring in the first half of its match against Germany at a Sports-betting shop in Johannesburg on Sunday. Johannesburg—Everyone in England reacted with horror on Sunday after a missed call robbed Frank Lampard of a goal against Germany. Everyone, that is, except the bookies. English bookmakers were on the hook for more than $100 million had England gone on to win the...

Italy fears for Nutella with new EU food labels
ROME — To Italians, Nutella is much more than chocolate-hazelnut spread. It's a cultural icon, the subject of memorable movie scenes, books and song lines. So it's no wonder that the mere suggestion that stricter European Food labeling rules could harm the beloved product would have Italians up in arms. The European Parliament approved a draft measure this week requiring all Processed Foods to have fat, salt and sugar contents clearly labeled on packaging, mostly on the front. The...

Chris Matthews Disgracefully Uses Sen. Byrd's Death To Bash Bush
It goes without saying that Monday's Media coverage of Sen. Robert Byrd's (D-W.V.) death was predictably sycophantic on a disturbing number of levels. However, the award for most disgraceful use of a politician's passing to further one's agenda has to go to MSNBC's Chris Matthews who ended last night's "Hardball" memorializing a senator he had great esteem for by bashing former President George W. Bush. "Let me finish tonight with a tribute to a U.S. senator who shared my deep...

Apple tells iPhone 4 owners to get a grip
in Europe , Japan, and the United States on Thursday in a launch that rivaled the release of the first iPhone by the culture-changing California firm. Some new iPhone 4 owners discovered that holding their new Smartphones so that their palms covered the lower left corners choked off the strength of the telecom service signals. Apple designed

Japan, Paraguay vie for World Cup quarter-final spot
Japan and Paraguay stand on the brink of history ahead of their second round clash at the Loftus Versfeld stadium here on Tuesday. Neither side has ever made it to the quarter-finals of the World Cup before so one team is guaranteed to be the greatest that their respective country has ever produced. This match-up is one of the most unexpected and unlikely in the second round and in some respects courtesy of the failings of others. Paraguay were expected to be playing for second place in their...

Stocks poised to drop
LONDON

Steve Jobs Stumbles Into the Congo Conflict Minerals Debate
Nick Kristof's column in the Sunday New York Times described how certain metals used in common electronic equipment like iPods and cell phones are fueling conflict in the Democratic Republic of the Congo. It created quite the stir -- and apparently after reading the item an Apple customer fired off an email to CEO Steve Jobs.  Jobs, who is known to answer customer emails, had the following exchange with his customer (via Wired ): Hi Steve, I'd planned to buy a new iPhone tomorrow...

Out of the spotlight, Mac computer sales grow
Whatever happened to the Macintosh computer? During Steve Jobs' June 7 address at the Worldwide Developers Conference to introduce the new iPhone, the Apple chief executive only mentioned the word "Mac" twice in two hours. That followed the disappearance of Apple's "I'm a Mac" TV ads from its Web site. In the first quarter of 2010, the iPhone accounted for 40 percent of Apple's sales, compared with 28 percent for the Mac. In the same period a year ago, it was 27 percent for the iPhone and 33...

Stock futures sharply lower, interest rates tumble on concerns about economic slowdown
NEW YORK — Stock futures and Interest Rates tumbled Tuesday after fresh signs of a Global economic slowdown spooked investors. Asian Markets tumbled overnight when Japanese data showed its country's recovery slowed and China's Market was hurt by an initial public offering that pulled investors away from the rest of the Market. European indexes opened sharply lower after Greek workers again walked out of their jobs to Protest steep Budget cuts. Interest Rates fell in the Bond Market as...

Reports of G8’s death greatly exaggerated
I t’s become conventional wisdom that the G8 is on its death bed. Kept alive by a stubborn Stephen Harper. To be put out of its misery by Barack Obama before the 2012 meeting — after one more Summit next year in France. However, in Monday’s edition of Le Devoir, Italian Prime Minister Silvio Berlusconi is quoted as saying that “a unanimous decision was taken [by G8 leaders in Canada] to continue with the [separate G8) meetings.” And, in its Tuesday edition, the...

Apple sells more than 1.7 million iPhone 4s in first 3 days, beating previous models
NEW YORK — Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the most successful product launch in the company's history from the standpoint of sales. The iPhone 4 went on sale Thursday in the U.S., Britain, France, Germany and Japan. High demand for the model caused shortages and unruly crowds at some stores. "This is the most successful product launch in Apple's history," said Steve Jobs, Apple's CEO. "Even so, we...

Obama vs. the Allies
Rich Lowry A specter is haunting the world: the specter of Canada. To hear President Obama's supporters tell it, Canadian Prime Minister Stephen Harper is a one-man economic wrecking crew. He led the charge at the G-8 Summit to endorse the goal of advanced nations cutting their Deficits in half by 2013. Obama only reluctantly went along, warning of the ill effects of what the intellectual architects of his Stimulus package plaintively call "premature Austerity." This dreaded Austerity has...

Britain, France, Germany use torture intel: HRW
Source: afp AFP - Britain, France and Germany use foreign Intelligence obtained through Torture in the fight against Terrorism, a new report from Human Rights Watch said Tuesday. The use by three heavyweight European powers of information from secret services in countries that routinely rely on Torture was damaging the reputation of the entire European Union, said the Rights group. "Berlin, Paris and London should be working to eradicate Torture, not relying on foreign Torture Intelligence,"...

Apple sells more than 1.7M iPhones in 3 days
NEW YORK (AP) — Apple said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the most successful product launch in the company's history from the standpoint of sales. The iPhone 4 went on sale Thursday in the United States, Britain, France, Germany and Japan. High demand for the model caused shortages and unruly crowds at some stores. "This is the most successful product launch in Apple's history," said Steve Jobs , Apple's CEO ....

Apple's IPhone 4 Components Cost About $188, ISuppli Estimates
Apple Inc. CEO Steve Jobs. Photographer: David Paul Morris/Bloomberg A customer examines an Apple Inc. iPhone 4 at an Apple Store in London. Photographer Rupert Hartley/Bloomberg Apple Inc. 's iPhone 4 wireless