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California Apple Stores Must Pay Workers During Bag Searches

PLACERVILLE — Employees at Apple stores must be paid for time they spend waiting for managers or security guards to search their bags to make sure they’re not stealing anything, the California Supreme Court ruled Thursday. What’s more, the justices said their class-action ruling is retroactive, covering all Apple California...

Apple Holiday Season Tops Projections as iPhone Bounces Back

SAN FRANCISCO — Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its smartwatch, digital services and wireless earbuds. That combination produced a banner holiday season for a company whose fortunes appeared to be sliding just a year ago amid...

Trump Ecstatic as Wall Street Sets Records Galore

Retailers and technology companies powered stocks broadly higher on Wall Street Thursday, extending the market's record-setting run. The Nasdaq composite climbed above 9,000 points for the first time as Apple led technology stocks higher. The Dow Jones Industrial Average and S&P 500 also climbed to new highs. The benchmark index...

Saudi Stock Offering Creates World's Most Valuable Company

RIYADH, Saudi Arabia — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10% rally...

Walters: Housing Crisis — Fits and Starts

The latest developments in California’s housing crisis are, as usual, mixed. In September, according to the Legislature’s budget analyst, permits for 10,580 new housing units were issued, a 13% increase from August and a 40% boost from September 2018. However, overall housing starts are still running below 2018’s level, meaning the...

Apple Commits $2.5B to Combat California Housing Crisis

CUPERTINO — Apple has committed $2.5 billion to ease California's housing crisis, eclipsing similar pledges by fellow Silicon Valley giants Google and Facebook to address a lack of affordable housing in the region they call home. Apple's pledge Monday includes a $1 billion fund to build new homes for households...

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