Apple says iPhones don't store user locationsApple Inc. denied that iPhones store a record of their users' movements for up to a year and blamed privacy concerns partly on a misunderstanding. A data file publicized by security researchers last week doesn't store users' locations, but a list of Wi-Fi hot spots and cell towers in their general area, the company said. It promised software fixes to address concerns.
Qwest buyer CenturyLink to acquire SavvisCenturyLink Inc., the Louisiana phone company that acquired Qwest Communications this month, agreed to buy Savvis Inc. for $2.5 billion to add services that let business customers store and access data and applications online. Savvis stockholders will receive $40 a share.
Berkshire says Sokol violated firm's policiesA report to the board of Berkshire Hathaway Inc. said that David Sokol violated the company's insider-trading rules and ethics standards when he bought shares of Lubrizol Corp. before encouraging Chairman Warren Buffett to acquire the lubricant maker. Sokol resigned last month.
J&J to buy Synthes in long-rumored dealHealth care powerhouse Johnson & Johnson Inc. said it plans to buy Swiss medical-device maker Synthes Inc. in a $21.3 billion deal aimed at further expanding J&J's growing orthopedic-device business.
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