Apple 10298 Published by Bob 0

Apple CEO Steve Jobs and several other senior executives and board members have agreed to settle a lawsuit that claimed the company was damaged by their role in Apple's mishandling of stock option awards. Because of the structure of the lawsuit, insurers representing Apple's directors and officers will pay the iPod and Macintosh maker $14 million.

Apple Execs to Pay Back $14M to Settle Stock Option Suit

Apple 10298 Published by Bob 0

Apple CEO Steve Jobs took the wraps off a revamped line of iPods on Tuesday and trumpeted a truce with NBC Universal that means the TV network will begin selling programs again on iTunes. The iPod announcements were largely expected, and investors were less than energized, sending Apple's shares down $6.13, 3.9 percent, to $151.79 in afternoon trading.

New iPods Fail to Impress Investors