2011 | featured news

Apple is going to have one of its big product events to introduce the iPhone 5 on October 4, John Paczkowski at All Things D reports. New CEO Tim Cook will be in charge of the event, just like former CEO Steve Jobs used to run events. This will be an interesting test for Cook since he's never done the big product roll out before. Paczkowski says he will be aided by other Apple executives who will also make presentations on stage.

Apple plans to unveil the iPhone 5 on October 4, and sell it in stores a few weeks later. The Cupertino, Calif.-based company's CEO Tim Cook will introduce the next iPhone, according to AllThingsD. Analysts speculate the phone may be made available as early as one week after it?s revealed.

Apple's new CEO Tim Cook will announce the much-anticipated iPhone 5 on October 4, according to All Things D. Rumors and hints about the iPhone 5 have circled the internet for months, but a late September or early October date has always been anticipated. All Things D cited anonymous sources "close to the situation." While anonymous sources like this usually are greeted with a healthy skepticism, we've expected a fall announcement long enough that the sources seem credible. After all, Deutsche Telekom is already taking preorders for the new smartphone.

Consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey released on Friday showed.

Morgan Stanley’s chairman John Mack will step down as chairman and leave the board of directors at the end of 2011. The widely expected move brings an end to a storied Wall Street career for Mack. The North Carolina native was CEO of Morgan Stanley from 2005 to 2009. Current CEO James Gorman will take over the chairman’s role.

Growth in retail sales stalled in August after a pitched battle over spending in Congress led consumer confidence to crumble, data showed on Wednesday.

Sales of video game hardware, software and accessories in the United States continued to slide in August according to new data from NPD Group, again dipp

The Democratic National Committee raised about $5.5 million in August, its worst fundraising month of the year, down from $6.7 million in July, according to figures provided by Democratic officials on Saturday and Federal Election Commission filings.

The summer of 2011 was the second hottest on record for the United States, and the hottest in 75 years, government weather experts said Thursday.

U.S. service firms, which employ 90 percent of the work force, grew at a slightly faster pace in August. But the sector remains weak, adding to concerns that the economy is at risk.