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Apple reports record Q3 earnings

Buoyed by strong sales of its new iPhone, an explosion of iPhone applications and price cuts on its flagship MacBook line, the company earned $1.35 per share on revenue of $8.34 billion — up nearly 12% year over year.

Analysts were expecting earnings of $1.17 on revenue of $8.2 billion, according to Thomson Financial.

Apple’s shares, which had closed at $151.51, down 0.91% for the day, rose sharply in after-hours trading. By 5:49 p.m. its shares had climbed 4.3% to $158.03.

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The ‘unfathomable’ arrest of a black scholar

When I’m opening the door of my own house, someone will ask me where the man of the house is, implying that I’m staff,” said Kodjoe, best known for starring in Showtime’s “Soul Food.”

It’s a feeling some African-Americans say is all too common, even to this day in America: No matter your status or prominence in society, you’re still typecast. That’s why the recent arrest of Henry Louis Gates Jr., one of the nation’s most prominent African-American scholars, has stirred outrage and debate.

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Police release sketches of suspected Jakarta bombers

Analysis of their DNA matched that obtained from a homemade explosive found in a room at the Marriott Hotel where they had checked in, police said.

But authorities still do not know their identities.

The blasts last Friday at the Ritz Carlton and JW Marriott killed nine people — including at least two presumed suicide bombers — and wounded more than 50.

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Apple reports record Q3 earnings

Apple (AAPL) blew past expectations — its own and Wall Street’s — to report record third-quarter earnings Tuesday.

Buoyed by strong sales of its new iPhone, an explosion of iPhone applications and price cuts on its flagship MacBook line, the company earned $1.35 per share on revenue of $8.34 billion — up nearly 12% year over year.

Analysts were expecting earnings of $1.17 on revenue of $8.2 billion, according to Thomson Financial.

Apple’s shares, which had closed at $151.51, down 0.91% for the day, rose sharply in after-hours trading. By 5:49 p.m. its shares had climbed 4.3% to $158.03.

The stock has been one of the market’s best performers of 2009, having risen nearly 80% against the Nasdaq’s 21%.

The strong results in the face of a global economic slump could be viewed as vindication of the company’s decision to stay out of the market for low-cost netbooks — which now dominate the consumer PC business and are squeezing the profit margins of Apple’s competitors.
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    Digging a grave in a short-URL wor.ld

    The Web is full of middlemen and aggregators. Google is the biggest. Digg once was the coolest. And now Twitter and URL-shortening services create (mostly) transparent bridges between Web content, like news stories, and online readers.

    People both love and hate these go-betweens. On one hand, sites like Digg, Facebook and Twitter give readers access to all kinds of news and social content they might not otherwise see. But small changes can make a benevolent middleman seem downright meddlesome.
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    Factory worker commits suicide over missing iPhone prototype

    BEIJING, China (CNN) — A Chinese factory that makes iPhones said Wednesday that it has suspended several staffers after an employee committed suicide, apparently under duress when a prototype went missing.
    Foxconn manufactures the popular iPhone for U.S.-based Apple in China.

    Foxconn manufactures the popular iPhone for U.S.-based Apple in China.

    Sun Danyong, 25, jumped off the 12th floor of the Foxconn Science and Technology Group in the southern city of Shenzhen last week.

    The recent engineering school graduate sent 16 model phones to phone manufacturer, Apple, but only 15 were received, said the state-run newspaper New Beijing Post.

    Because of the missing phone, Sun was questioned by company officials and — according to posts on online forums by his friends — detained, searched and beaten.

    Apple China said it was awaiting the results of an investigation into Sun’s death.

    “We require that our suppliers treat all workers with dignity and respect,” Apple said in a statement.
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    The ‘unfathomable’ arrest of a black scholar

    When I’m opening the door of my own house, someone will ask me where the man of the house is, implying that I’m staff,” said Kodjoe, best known for starring in Showtime’s “Soul Food.”

    It’s a feeling some African-Americans say is all too common, even to this day in America: No matter your status or prominence in society, you’re still typecast. That’s why the recent arrest of Henry Louis Gates Jr., one of the nation’s most prominent African-American scholars, has stirred outrage and debate.

    Jelani Cobb, an author and professor at Spelman College in Atlanta, says it’s troubling on many levels when “one of the most recognizable African-Americans in the country can be arrested in his own home and have to justify being in his own home.” Video Watch arrest of a Harvard scholar »
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    Police release sketches of suspected Jakarta bombers

    JAKARTA, Indonesia (CNN) — Authorities in Indonesia released sketches Wednesday of two men believed to have carried out last week’s bombings at two luxury hotels in Jakarta.
    Analysis of their DNA matched that obtained from a homemade explosive found in a room at the Marriott Hotel where they had checked in, police said.

    But authorities still do not know their identities.

    The blasts last Friday at the Ritz Carlton and JW Marriott killed nine people — including at least two presumed suicide bombers — and wounded more than 50.

    The bombings happened shortly before 8 a.m. (9 p.m. ET). Both blasts struck the hotels’ restaurants and several prominent international business leaders were among the casualties.

    Darkness falls in Asia during total eclipse, luring masses

    Day turned into night, temperatures turned cooler in cities and villages teemed with amateur stargazers.

    The total eclipse started in India on Wednesday morning and moved eastward across Nepal, Bangladesh, Bhutan, Vietnam, China and parts of the Pacific. Millions cast their eyes towards the heavens to catch a rare view of the sun’s corona.

    Cloud cover in some areas prevented people from fully savoring the phenomenon. Still, many were awed.

    Tim O’Rourke, a 45-year-old freelance photographer from Detroit, Michigan, lives in Hong Kong but traveled up to Shanghai — touted as one of the best spots to watch the eclipse. Video Watch the ‘exceptional’ eclipse »
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