Finance News – Apple Inc, GM, Walmart U.S., Apple CEO apologizes to Chinese consumers, revamps service
By Terril Yue Jones and Poornima Gupta BEIJING/SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Tim Cook apologized to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation of its after-sales service in the state-run media. From China Central Television to the People’s Daily newspaper, government-controlled media outlets bashed the world’s largest technology corporation for its “arrogance,” protesting among other things that its current one-year service warranty was far shorter than in other smaller markets. …
GM expects truck buyers to choose high-end models, more features
By Deepa Seetharaman DETROIT (Reuters) – General Motors Co expects to sell more high-end versions of its new full-size pickup trucks as American truck buyers opt for advanced safety features that outgoing models do not offer, executives said on Monday. The automaker expects to sell more luxurious “crew cab” editions of the 2014 Chevrolet Silverado and GM Sierra, both of which start around ,000. This body style now accounts for 50 percent of Silverado sales and just under 60 percent of Sierra sales, the company said. …
Walmart U.S. offers gasoline discount to woo shoppers
NEW YORK (Reuters) – Walmart is cutting gasoline prices by up to 15 cents a gallon for drivers in 21 U.S. states who pay with its cards in an attempt to woo shoppers grappling with high prices at the pump.