Latest Business News: What Are Apple's 'Amazing' New Products?

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Latest Business News: What Are Apple's 'Amazing' New Products?

by Wochit 1:08 mins

Latest Business News: What Are Apple's 'Amazing' New Products?

by Wochit 1:08 mins

Tim Cook, Apple?s chief executive, again teased tech blogs about new Apple gadgetry. ?We are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014,? Mr. Cook said at the company?s earnings call. What could these elusive ?new products? be? The hedge fund founded by billionaire Steven A. Cohen says it doesn't tolerate insider trading. An indictment was unsealed in federal court charging SAC Capital Advisors with wire and securities fraud. Cohen isn't named as a defendant. But prosecutors say he enabled and promoted insider trading. In a statement, SAC Capital says it "has never encouraged, promoted or tolerated insider trading and takes its compliance and management obligations seriously." U.S. stocks mostly slipped on Thursday, with cyclical sectors falling on some disappointing earnings and concerns about China's growth, though Facebook's rally gave the Nasdaq a lift.

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