Apple Inc. (NASDAQ:AAPL) uncovered labor violations in its supply chain, including the use of underage workers and abuses of migrant laborers lured by recruiters to work in factories making its devices. Apple conducted 451 reviews of multiple levels in its supply chain covering facilities where nearly 1.5 million people work, according to its eighth annual internal audit. The company said it’s more aggressively trying to remove the use of so-called conflict minerals and has gotten 95 percent of the facilities to keep work to below 60 hours per week. Apple Inc. (NASDAQ:AAPL) stock opened at $536.95 in last trading session, and closed at $535.92, trading in the range of $533.24 – $539.56. The stock showed a positive weekly performance of 5.18%.
Cisco Systems Inc. (NASDAQ:CSCO) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.47-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48, AmericanBankingNews.com reports. Cisco Systems, Inc. (NASDAQ:CSCO) stock advanced 0.62% and finished the last session at $22.85. The EPS of the stock remained 1.84. Company’s market capitalization is $122.17 billion.
Not to be outdone by its Mountain View rival, Facebook Inc (NASDAQ:FB)is following Google’s lead in testing out a new water taxi service to carry employees from San Francisco to the Peninsula twice a week. Now Facebook has chartered a smaller vessel to carry up to 30 workers on a similar run, but only two days a week for the time being, according an official at the Port of Redwood City. Workers disembark there and are taking a Facebook shuttle bus to that company’s headquarters in Menlo Park. Like the Google ferry, the Facebook boat has wifi and snacks. Facebook Inc (NASDAQ:FB) shares closed at $64.45 on last trade day, by losing -0.62%. Stock 52 week range is $22.67 – $65.06. Company’s market capitalization is $164.15 billion.
Micron Technology (NYSE:MU) VP Scott J. Deboer sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $24.60, for a total transaction of $78,720.00. Following the transaction, the vice president now directly owns 231,087 shares of the company’s stock, valued at approximately $5,684,740. Micron Technology, Inc. (NASDAQ:MU) stock opened at $24.91 in last trading session and closed at $24.89. The 52 week range of the stock is $7.64 – $25.24 and the day range was $24.79 – $25.16.
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