Apple Inc. (AAPL) Breaks $500 Per Share and Top Tech Market Cap of $467 Billion

Apple Inc. (NASDAQ:AAPL): Apple announced that the Fair Labor Association will conduct special voluntary audits of Apple’s final assembly suppliers, including Foxconn factories in Shenzhen and Chengdu, China, at Apple’s request. As part of its independent assessment, the FLA will interview thousands of employees about working and living conditions including health and safety, compensation, working hours and communication with management. The FLA’s team will inspect manufacturing areas, dormitories and other facilities, and will conduct an extensive review of documents related to procedures at all stages of employment. Apple’s suppliers have pledged full cooperation with the FLA.

Regional big-box retailer Meijer is cutting the price of the 16GB iPad 2 with Wi-Fi by $70 ahead of the expected launch of Apple’s (NASDAQ:AAPL) iPad 3, Apple Insider reports.

China’s Administration of Industry and Commerce has started confiscating any iPads it finds for sale following the verdict of Apple’s (NASDAQ:AAPL) trademark infringement lawsuit with Proview, reports DigiCha, citing the Hebei Youth Daily.

ITV, Britain’s biggest commercial broadcaster, has written to Apple (NASDAQ:AAPL) to warn it off using its three-letter name for the tech company’s expected smart television offering, reported The Telegraph.

Shares of Apple (NASDAQ:AAPL) have traded in a 52-week range of $310.50 to $503.83.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com