Foxconn to invest $210M in new Apple production line
Foxconn, the manufacturer of Apple’s iPhones, iPads and Macs, plans to invest $210 million in a new Apple production line in China’s east Jiangsu province in October, according to a report from China Daily. The 40,000 square meter plant will employ as many as 35,800 workers and will be located in Huai’an City. The office of Taiwan Affairs of Huai’an City confirmed that the plant will house a production line for Apple devices and is expected to output between $949 million to $1.1 billion a year. The report did not indicate which Apple products would be assembled at the new plant, however. Read
Zuckerberg's Status Update: Married
Newly minted billionaire Mark Zuckerberg had an important status update Saturday evening: Married.
The 28-year-old tied the knot with his longtime girlfriend, the recently graduated Dr. Priscilla Chen in a private ceremony at the couple's home in Palo Alto, Calif.
Watch: TechBytes: Wireless, Diablo 3
The top four wireless carriers are nearly tied in customer satisfaction ratings.
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Cable Firms Aim for 50,000 Hotspots
Being a Bright House, Optimum, Xfinity, Cox Communications, and Time Warner Cable subscriber is about to get a bit better. Or at least it will if you’re the type that’s always searching for a public WiFi hotspot. Five of the nation’s largest cable companies have...
Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...
