Apple unveils watch, larger iPhones in bid to retake innovation crown

CUPERTINO, Calif., (Reuters) – Apple Inc unveiled a watch, two larger iPhones and a mobile payments service yesterday as Chief Executive Officer Tim Cook seeks to revive the technology company’s reputation as a wellspring of innovation.

 

The first new product to be developed and introduced under Cook’s reign is a timepiece tethered to the iPhone that will combine health and fitness tracking with communications. It will price at $349 and go on sale in early 2015.

First impressions were mixed. Some expected Apple to blow away the current competition but others warned the fact that it requires a paired iPhone may limit its sales.

Starting at $349 – $50 more than the cheapest version of the iPhone 6 with a contract, the lofty price tag may also keep some consumers on the sidelines. It could go up to more than $1,000 for higher-end editions, IDC analyst Danielle Levitas said.

The Apple Watch can receive phone calls and messages, play music, serve as a digital wallet to pay for goods and monitor heart rates via special sensors. The watches will come in three collections, including a sport edition and an upscale line coated in 18-karat gold.

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Zuma calls for party unity as ANC meets to elect new leader

JOHANNESBURG,  (Reuters) – South Africa’s Jacob Zuma gave his last speech as African National Congress head yesterday, as the only party in power since the end of apartheid prepared to pick its next leader, and likely future president, in a vote that was too close to call.

Colombia fines Argos, Cemex and Holcim $66 mln for fixing cement prices

BOGOTA (Reuters) – Colombia on Tuesday fined cement companies Cementos Argos, Cemex and Holcim, along with some of its managers, more than 200 billion pesos ($66 million) for fixing prices.

Canadian police probe mysterious deaths of billionaire pharma couple

TORONTO, (Reuters) – Canadian police are investigating the mysterious deaths of pharmaceuticals billionaire Barry Sherman, founder of Apotex Inc, and his wife Honey, whose bodies were found in their Toronto mansion on Friday.

Final Republican tax bill slashes U.S. corporate rate, voting next week

WASHINGTON,  (Reuters) – Congressional Republicans yesterday unveiled the final version of their dramatic U.S.

Canada police probe ‘suspicious’ deaths of billionaire, wife

TORONTO, (Reuters) – Canadian police said they were investigating the mysterious deaths of the billionaire founder of Canadian pharmaceutical firm Apotex Inc, Barry Sherman, and his wife, Honey, who were found dead in their Toronto mansion yesterday.

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