Apple Refuses to Unlock Terrorist’s iPhone
Apple has refused a federal court’s order to help unlock the iPhone used by Syed Farook, who carried out a terrorist attack in San Bernardino with his wife killing 14 people. In an open statement, Apple’s CEO Tim Cook said, “the U.S. government has asked us for something we simply do not have, and something we consider too dangerous to create. They have asked us to build a backdoor to the iPhone.”
Chinese Company to Invest $450 Million in Universal Films
China-based video game maker Perfect World has entered a five-year agreement with Universal Filmed Entertainment Group to help finance 50 of Universal’s upcoming pictures. The deal represents the first time a non-state-owned entertainment company from China has worked directly with one of the major U.S. studios. (Los Angeles Times)
U.S. Stocks Market Closes Higher for Three Days in a Row
U.S. stocks closed higher for the third day in a row, led by gains in energy companies after another big rise in the price of crude oil. The price of oil recovered as investors again hoped for an international deal that would cap or cut production. Russia and Saudi Arabia agreed to keep oil production at January’s levels. (New York Times)
