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Apple's New Maps Become Major Embarrassment

Apple has apologized for it new map software which has led to a flood of customer complaints. The company dropped the popular Google maps app for its own version on the iPhone 5. CEO Tim Cook said the company "is extremely sorry for the frustration this has caused our customers." He said Apple's map application will improve and that customers can download alternatives in the meantime.
NPR

Fox News' Smith Apologizes After Man Commits Suicide On Air

After inadvertently airing live coverage of a car chase that ended with a man's suicide, Fox News has issued an apology to its viewers. The incident occurred as the cable network carried a live feed of a man fleeing police.
NPR

Bank Of America To Pay $2.43 Billion In Settlement

The bank said Friday it will pay $2.43 billion to settle a lawsuit related to its purchase of Merrill Lynch in 2008 at the height of the financial crisis. Investors who owned Bank of America stock at the time brought the class-action suit, claiming bank officials made false statements about the health of both companies at the time of the merger. Bank of America denied the allegations.
NPR

Apple Is 'Extremely Sorry' For Its Much-Maligned Maps, CEO Tim Cook Says

Faced with a "public relations disaster," the company is even suggesting that while it works out the bugs customers can use Google Maps instead.
NPR

Bank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit

Disgruntled investors alleged that the bank misled them about its acquisition of Merrill Lynch. The bank has not admitted doing anything wrong, but is moving to put the lawsuit behind it.
NPR

Income And Spending Both Basically Flat In August

Spending went up, but largely because gasoline cost more — not due to stronger demand.
NPR

PNC Bank's Website Is Victim Of Cyber Attack

PNC Bank says its website is the latest victim of a denial of service attack. Users who tried to access the bank's websites had trouble loading the pages, or couldn't get into their accounts. But officials say the accounts were not compromised.

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