Money

AT&T and Incipio introduce new ‘Cashwrap’ NFC iPhone case

Incipio announced today the launch of its new Cashwrap Mobile Wallet Case for the iPhone 4, 4S, 5, and 5s. The case features NFC tech, and works with the Isis Mobile Wallet app that lets users pay with their smartphones at participating retailers.

The accessory-maker has teamed up with AT&T to bring the Cashwrap to the masses, and it will be available in the company's stores starting this month. The goal here is to get more iPhone owners using the carrier-backed Isis for mobile payments...

Foxconn managers arrested for allegedly accepting bribes

According to a new report, Taiwan police officers have arrested around a dozen managers at Foxconn on suspicion of soliciting several million in bribes from iPhone parts suppliers. Vendors reportedly had to pay 2.5% in kickbacks and other off-the-books fees to secure orders.

The group of arrested employees includes some pretty high-level Foxconn executives like Deng Zhixian, director general for Foxconn's committee of surface mount technology, and retired senior vice president Liao Wancheng, who police think was the mastermind of the scheme...

T-Mobile ventures into personal banking with new Mobile Money service

Over the past 9 months or so, T-Mobile has been calling itself the "Uncarrier." It's a marketing strategy, for sure, buts it's certainly been living up to the moniker by dropping contracts, offering free international data, and waving early termination fees for new customers.

But this morning the company announced its most un-carrier move to date: Mobile Money. That's right, T-Mobile is getting into the personal banking business with a new service that combines a branded prepaid Visa card, a smartphone app, and a no-fee checking account...

New class action suit claims Apple sells customer info

Three men from Massachusetts filed a lawsuit against Apple this week. Adam Christensen, Jeffrey Scolnick and William Farrell claim that they were unlawfully forced to enter their zip code while making purchases at the company's New England retail stores.

The suit contents that this practice is illegal under the Massachusetts Unfair Trade Practices Act, which says you can't compel customers to provide identifiable information. And the men say that Apple isn't just collecting info, it's also selling it to third parties...

AT&T announces new sponsored data service for mobile devices

Today at CES, AT&T announced an interesting new service called Sponsored Data. The goal of the new service is essentially to offer a way for companies to pick up the tab for 4G data usage whenever specific products or services are being used.

How does it work? Well the carrier says that if the service is in effect, users will see a "sponsored" symbol in the status bar on the screen of their device. And this will indicate that all data charges are being redirected to the sponsoring company...

Taiwan’s Fair Trade Commission fines Apple $700k over iPhone pricing

The Wall Street Journal is reporting that Apple has been fined 20 million New Taiwan dollars, or roughly $670,000 USD, by Taiwan's Fair Trade Commission for interfering with mobile service providers and handset distributors' pricing.

The Commission found Apple guilty of violating article 18 of the country's Fair Trade Act after discovering emails from the Cupertino company to Taiwan's three main service providers, telling them how much their iPhones should sell for...

Tim Cook said to be working on $4 billion iPad deal with Turkish president

Tim Cook is reportedly scheduled to travel to Turkey next year for the opening of Apple's first retail store in the country. The store is located in the city of Istanbul, in the Zorlu Center, and is expected to open on February 4, 2014.

But according to a new report, that won't be Cook's only order of business for the visit. The CEO is also believed to be meeting with President Abdullah Gül to discuss a potential education iPad deal worth between $3 and $4 billion...

AT&T CEO says carriers can’t afford to continue offering major device subsidies

It would seem that T-Mobile was onto something when it announced that it was doing away with device subsidies earlier this year, because that appears to be where the whole industry is headed. Carriers simply can't afford to continue heavily subsidizing phones and tablets.

That's what AT&T's Randall Stephenson thinks anyway. Speaking at an investor conference this week, the CEO said that the current model is not economically viable. More customers are upgrading to smartphones now than ever before, and they're upgrading more frequently...

Carl Icahn files proposal to put $150B Apple stock buyback program up for vote

Carl Icahn knows what he wants, and he usually gets it. These days, what Carl Icahn wants is Apple to initiate a $150 billion buyback program of its stock. Although Tim Cook hasn't clearly expressed it, he's been reluctant to follow Icahn's request, which led him to file a precatory proposal.

A precatory proposal is a fancy term which, in clear English means a shareholder proposal for a stock buyback program to be voted on at Apple's next annual shareholder meeting...

Red Mac Pro designed by Jony Ive, Marc Newson sells for $977,000 at auction

Remember that beautiful, one-of-a-kind red Mac Pro designed by Apple's Jony Ive and Marc Newson we told you about last month? Well it and several other items designed by the pair sold this weekend at their Sotheby’s (RED) Auction in New York.

And as with most high-profile charity auctions, the selling prices for most of these items were pretty ridiculous. The Mac Pro, for example, was expected to sell for between $40,000 and $60,000, but it ended up selling for just shy of a million dollars...

The verdict is in: Samsung must pay Apple an additional $290 million

The verdict is in folks. After just a few days of deliberation, a jury of six women and two men reached a conclusion for the retrial between Apple and Samsung over damages, and it's ruled in favor of the iPad-maker. Samsung must pay Apple $290 million.

This is in addition to the damages awarded in the original trial last fall, bringing the total amount Samsung owes up to $890 million. So essentially, Apple won back most of the damages that Judge Koh cut in March after finding the initial verdict flawed...

Due to ‘volatile state,’ Pfizer tells staff to ditch BlackBerry for iPhone and Android

Earlier this month, BlackBerry announced plans to receive an investment worth over $1 billion in the form of a debt sale and to fire its CEO Thorsten Heins. Instead of sell out, the company has decided to try and rebuild.

Of course, that's much easier said than done. Not only has BlackBerry lost nearly all of its consumer marketshare, it's also lost most of its major enterprise accounts, and word has it that another one—Pfizer—is on the way out...