Saturday, 4 Jul 2020

Apple Tracks IPhones Stolen From Retail Stores

Twitter fact-checks Trump's tweets for the first time

(CNN Business)Apple is sending a clear message to people who’ve stolen iPhones from its stores: You’re “being tracked.”

The company is actively disabling the iPhones that are stolen from the displays of its retail stores, leaving them inoperable.
Screenshots of Apple’s warning message started to pop up on sites such as Twitter and Reddit earlier this week amid global protests following the death of George Floyd.

    Apple stores, which recently started reopening across the United States after months of closures due to the global pandemic, reported vandalism and theft at several locations, including in New York, Philadelphia and Washington, DC.
    “Please return to Apple Walnut Street,” read one message, referencing its Philadelphia location, posted to Twitter. “The device has been disabled and is being tracked. Local authorities will be alerted.”

    Apple (AAPL) declined to comment on matters of security.

      However, the effort isn’t specific to the ongoing protests. The company has long installed special software on its stores’ iPhones to track the whereabouts of stolen items. This software does not come on purchased iPhones.
      In a memo sent to employees on Sunday, Apple CEO Tim Cook called the killing of Floyd “senseless” and pledged to donate to human rights groups, including the Equal Justice Initiative.

      U.S. Senate passes bill lengthening coronavirus small business loan terms

      WASHINGTON, June 3 (Reuters) – The U.S. Senate on Wednesday approved legislation giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.

      The legislation, already passed by the House of Representatives, now goes to President Donald Trump to sign into law. The program was created in March to support small businesses during the pandemic and encourage them to retain their employees. (Reporting by Andy Sullivan and Richard Cowan; Editing by Sandra Maler)

      India’s Reliance conglomerate raises $7bn in rights issue

      India’s telecom-to-oil conglomerate Reliance Industries has completed a massive $7bn rights issue in what it touted as the world’s biggest by a non-financial institution in a decade.

      Reliance, owned by Asia’s richest man, Mukesh Ambani, had said the fundraising drive was meant to pay down debt and help shift the company to a digital future.

      The firm said in a statement late on Wednesday the rights issue was subscribed 1.59 times and attracted “huge investor interest”.

      The successful rights issue was a “vote of confidence, by both domestic investors, foreign investors and small retail shareholders, in the intrinsic strength of the Indian economy”, Ambani said in a statement.

      In April, Facebook took a $5.7bn stake in the Mumbai-based firm’s Jio digital platforms in one of India’s biggest foreign investments.

      Pilgrim’s Pride And Claxton Poultry Executives Indicted For Price Fixing

      Four current and former senior executives from two major broiler chicken producers, including Pilgrim’s Pride CEO Jayson Penn, have been indicted for price fixing.

      The other executives allegedly involved in the price fixing include former Pilgrim’s Pride vice president Roger Austin, Claxton Poultry Farms President Mikell Fries and Scott Brady, a former Pilgrim’s Pride executive and current Vice President of Claxton.

      Meanwhile, Pilgrim’s Pride confirmed that the Justice Department informed the company about the indictment against a current executive and two former employees. The company will cooperate with the department in their investigation.

      According to the indictment, the Pilgrim’s Pride and Claxton executives conspired to fix prices and rig bids for broiler chickens across the United States, from 2012 until at least early 2017.

      The Justice Department said that the criminal investigation into price fixing is still ongoing, and the four men are the first to be charged.

      The offense carries a maximum penalty of 10 years in prison and a $1 million fine. The maximum fine may be increased to twice the gain derived from the crime or twice the loss suffered by victims if either amount is greater than $1 million, the Department said.

      South Korean prosecutors seek arrest warrant for Samsung heir

      SEOUL (Reuters) – South Korean prosecutors said on Thursday they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.

      Prosecutors said the warrant was sought on suspicions of stock price manipulation and perjury, among other offences.

      Samsung did not immediately comment when contacted by Reuters.

      South Korean prosecutors seek arrest warrant for Samsung heir

      SEOUL (REUTERS) – South Korean prosecutors said on Thursday (June 4) they had requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former company executives as part of an investigation into a controversial 2015 merger and alleged accounting fraud.

      Prosecutors said the warrant was sought on suspicions of stock price manipulation and perjury, among other offences.

      Samsung did not immediately comment when contacted by Reuters.

      Apple Tracks IPhones Stolen From Retail Stores

      Apple is tracking iPhones that were stolen from its retail stores in recent days during the civil unrest, according to reports citing a warning message popping up on the stolen iPhones.

      The warning message reportedly indicated the stolen phone was being tracked, amid global protests following the death of an unarmed black man, George Floyd at the hands of police.

      The alert message on an iPhone stolen from a Philadelphia store also reportedly reads, “Please return to Apple Walnut Street. This device has been disabled and is being tracked. Local authorities will be alerted.”

      Apple stores reported vandalism and theft at several locations, including in New York, Philadelphia and Washington, DC.

      The Cupertino, California-based tech giant is disabling the stolen iPhones, leaving them inoperable, the reports said.

      Apple chief executive officer Tim Cook last week condemned the killing of George Floyd, and called for the creation of a “better, more just world for everyone.”

      Fired Minneapolis police officer Derek Chauvin was charged with third-degree murder and manslaughter in Floyd’s death.

      Meanwhile, Apple, Amazon-owned Whole Foods, Target, Walmart, and other major retailers across the country had temporarily closed or adjusted store hours in areas hit hard with protests.

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