| April 27, 2011 -- 3:00 p.m. EDT |
Steve Jobs said Apple has "never transmitted" the precise location of iPhones to itself. The company said it would limit the amount of location information stored on its phones and fix what it called a software bug that led data to be stored even when location services were turned off.
Outage Hits Verizon's 4G Network
Verizon Wireless said its high-speed 4G data network was suffering an outage, a black eye for the carrier that prides itself on the quality and stability of its network.
Hacker Raids Sony Videogame Network
Sony said a hacker had obtained personal data, potentially including credit-card numbers, for 77 million people who play online games through its PlayStation Network.
AT&T Gets Court Win on Arbitration
The Supreme Court ruled that AT&T Mobility can enforce a cellphone contract provision that requires customers to arbitrate their disputes individually instead of filing class-action lawsuits.
EUROPE BUSINESS NEWS
Nokia to Shake Up Work Force
Nokia said it would reduce its global work force by 7,000, in part by transferring 3,000 employees to global consulting firm Accenture in an effort to save $1.46 billion in operating costs by 2013.
ABC, Fox Programs Added to Comcast On-Demand
Comcast said it is adding some ABC and Fox prime-time shows to its on-demand service.
Amazon's Spending Continues
Amazon's profits plunged 33% as the online retailer spent ferociously to build more fulfillment centers and expand its technology offerings.