Money Matters - Simplified


Apple issues supplier responsibility report after Foxconn suicides

Apple has claimed that it sent its chief operating officer (COO), Tim Cook to the Foxconn plant in Shenzen, China after suicides and attempts reported in 2010.

Trapster hack possibly exposes 10mn usernames, passwords, a site that allows users to share the location of police speed traps, and enforcement cameras using mobile phones and other devices, has come under attack from hackers.

Are Oil Sands Objections Gaining Traction?

Most everyone knows the U.S. imports a large percentage of the oil we use each day. As recently as three decades ago, about 28% of our oil came from other countries, while today that number has climbed closer to 60%. About 200 million barrels of black gold annually come from our neighbor to the north, Canada, which has surpassed Saudi Arabia as our largest supplier.

Google Stumbles in TV Playground

Google (Nasdaq: GOOG), the company known for innovation, has stumbled in what was to be its main offering this holiday season. It has asked several of its partners to delay their rollouts of Google TV so that the company can further refine it.

Study: Many plants found but unidentified

Oxford, England -- Thousands of species of collected but unidentified plants may be sitting in museum collections around the world waiting to be discovered, U.K. researchers say.

Examining how long it takes for new species collected in the field to eventually be identified, British researchers found it often took decades, the BBC reported.

Of the approximately 70,000 flowering plant species experts believe are yet to be found, over half may already be in collections awaiting identification, scientists say.

For hundreds of years, plants have been collected by mounting them on cardboard and placing them in what is known as a herbarium for safekeeping.

Companies see end of lab animal tests

London -- Drug and chemical companies say they endorse a Europe-wide initiative intended to eventually end the use of animals in research and safety testing.

Experts from companies including drug giants AstraZeneca, Procter & Gamble, Unilever and cosmetics firm L'Oreal say that soon the safety testing of new drugs and chemical products will use new technologies, including cell cultures and computer models, rather than living animals, The Daily Telegraph in Britain reported.

A report published by a panel of experts from industry, academic institutions and regulatory bodies supports an initiative aimed at finding alternatives to animal research.

Acorns abound in Florida

Orlando, Fla. -- Experts in Florida said oak trees have been dropping a higher-than-usual amount of acorns this season, but no one knows why.

Orlando forestry manager Andy Kittsley said there are "definitely a bunch more" acorns falling from the trees this year with the sound of the falling objects often mimicking heavy rain, the Orlando (Fla.) Sentinel reported Tuesday.

The exerts said the increased acorn production, known as a mast or bumper year, happens every few years, but no one has yet determined the cause.

Heidi Klum says weight erases wrinkles

New York -- Dermatologists and beauty experts agree with supermodel Heidi Klum that you can indeed be too thin when it comes to a wrinkle-free face.

Klum recently offered advice on keeping a youthful appearance: keep a little weight on to prevent the face from becoming drawn, the New York Daily News said Saturday.

Klum said in an interview in Self: "It is always better to have a little meat on your bones. When you are just muscle, you end up being gaunt in the face, and that makes you look older by five or 10 years."

New York dermatologist Macrene Alexiades agreed, telling the newspaper that people with a little body fat do have a more youthful appearance because it fills in the line on the face.

Mob nicknames come from police, media

Chicago -- Chicago attorneys and experts said the colorful nicknames often associated with crime bosses are most often invented by authorities or the media.

Michael Gillespie, a defense attorney for Michael "Big Mike" Sarno, who is alleged to be behind a jewelry theft and illegal gambling ring, said one juror was dropped from the case after telling U.S. Judge Ronald Guzman the repeated use of nicknames would bias him, the Chicago Tribune reported Friday.

However, Gillespie said he wasn't worried about his client's relatively benign nickname.

"There's nothing nefarious about that nickname," Gillespie said. "But I do think (federal prosecutors) put the nickname in there for a reason. They could've just charged him as 'Michael Sarno.'"

New recommendations issued for sports related brain injuries

The American Academy of Neurology has issued new guidelines, recommending that players with head injuries should be kept out of field till examination by a specialist. The sports activities should be performed under the observation of a qualified trainer.