WSJ: iPhone 5 in October; Sprint joins clubSprint Nextel Corp. will begin selling the new version of the Apple iPhone in mid-October, the Wall Street Journal reported, filling a hole in the No. 3 U.S. carrier's lineup and giving Apple Inc. another channel for selling its popular phone. The timing, however, indicates Apple's new iPhone, which is expected to be called iPhone 5, will hit the market later than expected and too late to contribute to sales in the company's fiscal fourth quarter, which ends in September. Most observers had expected the device to arrive next month.
New airline consumer rules go into effectAirline passengers bumped from domestic flights are eligible to receive as much as $1,300 under new federal rules that increase the amount of compensation in such cases and require carriers to refund checked-baggage fees for lost luggage. The Transportation Department rules are the latest to be imposed by federal regulators over the last two years in response to several notorious cases of flight delays, including a 2009 incident in which passengers were stranded for nearly six hours on a plane in Rochester, Minn.
Toyota unveils all-new flagship Camry sedanToyota Motor Corp. aims to strengthen its redesigned best-selling Camry sedan, which is all-new for 2012, by setting base prices on all but the most basic version below the prices of the 2011 models it replaces. Executives of the Japanese automaker unveiled the new Camry on Tuesday. There are five trim levels of the 2012 model. The base prices range from $22,715 for the Camry L to $26,660 for the Camry hybrid. The trim levels which Toyota expects to account for a majority of sales -- the LE and SC -- are priced $200 and $965 lower than the models they replace.
Adidas rolls out 'barefoot' training shoeAdidas, the world's second-largest athletic company, unveiled its first "barefoot" training shoe, which is designed to mimic the experience of exercising barefoot while providing the protection, traction and durability of a shoe. The Adipure Trainer, which is a cross between a glove for the feet and a traditional shoe, hits U.S. stores in November priced at $90. The barefoot shoe is part of a strategy by Adidas, to expand into the U.S. where rival Nike dominates.
ADM to close Ill. plant, move work to MankatoArcher Daniels Midland Co., the world's third-largest oilseed processor, is closing a soybean processing plant in Galesburg, Ill., because of growing soybean exports, the rising cost of the beans and decreased domestic demand for soybean meal. Processing operations at the Galesburg factory will be absorbed by ADM's larger plants in Mankato, Minn., Quincy and Decatur, Illinois; and Des Moines.
Boeing expects FAA to sign off on DreamlinerBoeing Co. expects the Federal Aviation Administration to certify its 787 Dreamliner at its Everett, Wash., factory on Friday morning. Japan's All Nippon Airways is expected to take delivery of the first 787 in September. The 787 is more than three years behind schedule, following problems with the new composite materials and the global production system.
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