FOXCONN

An audit by the Fair Labor Association has raised serious concerns over the working conditions at the Chinese factories of Foxconn Technology Group, which manufactures Apple products.

Apple Inc and its China manufacturing partner, Foxconn, agreed to improve wages and working conditions at factories accused of being sweatshops, a move that could set a new higher-cost benchmark for other Western users of Chinese labor.

In a landmark development for the way Western companies do business in China, Apple Inc said on Thursday it had agreed to work with partner Foxconn to tackle wage and working condition violations at the factories that produce its popular products.

Apple is facing increasingly more criticism regarding poor working conditions at its supplier Foxconn's Chinese factories. In an effort to improve working conditions, Apple CEO Tim Cook visited Foxconn Technology Group's new manufacturing facility for the iPhone in Zhengzhou, China.

An audit of Apple products manufacturer Foxconn found serious and pressing Chinese labor law violations.

In a landmark development for the way Western companies do business in China, Apple Inc said Thursday it had agreed to work with partner Foxconn to substantially improve wages and working conditions at the factories that produce its wildly popular products.

Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices.

Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices.

Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.

Sharp Corp. announced Tuesday plans to sell new shares in itself to Hon Hai Precision Industry Co., part of Foxconn Technology Group, in an effort to raise 132.5 billion yen ($1.6 billion) after forecasting a record loss for the year.

Tim Cook has taken a step that Steve Jobs never did: Visit China. This is the first time an Apple CEO has visited the country in an official capacity, several sources report, including Apple-centric blog AppleInsider.

Sharp Corp <6753.T> will announce a tie-up with Taiwan's Hon Hai Precision Industry <2317.TW> on Tuesday that would include the sale of part of its loss-making major factory in western Japan, the Nikkei business daily reported.

iWorld rumors are now focusing on next generation iPhone, dubbed iPhone 5. Apple iPhone 5 release date is one of the hottest topics among the rumors and the latest buzz is that Apple could surprise everybody by letting iPhone 5 debut in June.

Foxconn, the primary assembler for Apple products, went on a massive hiring spree, indicating that production of the iPhone 5 could be underway, according to Asian news source M.I.C. Gadget.

Despite what the stage monologist would have audiences believe, there are serious journalists who have devoted their careers to reporting on conditions in China. One of them, Rob Schmitz, told IBT that Daisey has undermined his and other reporters' work.

Apple (AAPL) shares soared on Monday, breaching the 600 mark a few times before finally settling on 601, after the Cupertino, Calif.-based tech company decided to share some of its $100 billion in cash with its investors. Apple announced it would reward shareholders by launching a quarterly dividend and a stock buyback program that will pay out about $45 billion over three years, set to go into effect later this year.

Apple (AAPL) is feeling generous. After a record-breaking quarter announced in January and a record-breaking launch weekend for the new iPad, Tim Cook decided to share some of Apple's $100 billion in cash on Monday to fulfill a deep-seated desire of investors, announcing a quarterly dividend and a three-year shares buyback program to go in effect later this year.

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, is not off the hook after a U.S. radio show retracted a program critical of working conditions at one of its Chinese factories.

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, said on Monday it had no plans to take legal action over a U.S. radio program about its activity in China, parts of which have been retracted.

The U.S. radio program This American Life has retracted an episode critical of working conditions at a Chinese factory that makes iPhones and iPads for Apple Inc, saying it had contained numerous fabrications.

Apple's stock market gains have been overshadowed by media exposes revealing labor violations at Apple's Foxconn supply chain in China, but some facts have been deemed as fabrications by This American Life.