Marketplace for Friday, September 28, 2012
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Apple’s CEO has apologized for the company’s map misstep. Tim Cook suggested Apple users turn to the competition for relief. How might this impact map competitors? Plus, when GM went bankrupt the company left behind a slew of abandoned factories -- equipment and all. Now, buyers for the old plants have finally come knocking. And we look at the state of country music, Bank of America's $2.5 billion settlement, GMO labeling, and why one California judge has ruled that banning non-aggressive panhandling is unconstitutional.
Posted In: Weekly Wrap
New York bureau chief Heidi Moore and CNBC's John Carney discuss Bank of America's recent settlement, new figures from the Department of Labor and what their economic guts are telling them this week.
Posted In: Music, Industry, downloads
Scott Borchetta, the music executive who founded Big Machine Records, has turned country music on its head. And not just in the artists he's discovered (including Taylor Swift) but in the deals he's negotiated.
Posted In: apple, iPhone, maps
Today, Apple CEO Tim Cook, posted a letter of apology to customers, in response to growing criticism over the Maps app in Apple’s new operating system. We imagine how Google co-founder Sergey Brin might have responded.
Posted In: iPhone, iOS6, google maps
CEO Tim Cook took to the Apple website Friday to say he's sorry for the company's lousy maps and to steer users to the competition -- who are more than happy to supply the panicking masses with map apps.
Posted In: Bank of America, Merrill Lynch, settlement
Bank of America will pay $2.4 billion to shareholders who accused it of withholding negative information about Merrill Lynch's finances.