Compiled by Karen Weise



Plans for a mini iPhone

Apple will likely launch a smaller, cheaper version of the iPhone later this year. The move is part of a push to gain customers in developing nations, though Apple has spoken to at least one U.S. carrier, according to a person familiar with the plans who asked not to be named because the talks are private. Apple has been working on the phone since at least February 2011. The company is weighing retail prices of $99 to $149 for a device that would debut in late 2013, at the earliest. A more affordable iPhone would help Apple play catch-up with smartphone makers such as Samsung Electronics who use Google’s free Android mobile software.

Toyota Motor

My car is my co-pilot

Toyota Motor is developing technology to create a virtual “co-pilot” in vehicles to help drivers avoid accidents. The Japanese carmaker is testing a modified Lexus LS sedan with sensors and automated systems to help motorists improve driving skills. The move is an extension of safety features already available on some models, such as cruise control that keeps a car a safe distance from other vehicles, sensors to warn a driver who’s swerving out of a lane, and automated braking.

Goldman Sachs

More visibility in money markets

Goldman Sachs announced that it is starting to report the true net asset value of some of its money-market mutual funds every day, rather than monthly. Customers will continue to buy and sell shares at a fixed $1 price, but they will have greater visibility into the small fluctuations in the value of the short-term debt securities the fund holds. After Goldman’s announcement, JPMorgan Chase, BlackRock, and BNY Mellon said they would also start disclosing the daily values of some funds.

Bank of America

Shedding its risky mortgage legacy

Bank of America is trying to move past old mortgage troubles and focus on rebuilding its home loan business. On Jan. 7, BofA announced a trio of actions: an $11.7 billion agreement to resolve disputes with Fannie Mae over misrepresenting loan quality; a deal to sell the rights to service about 2 million mortgages; and, with nine other banks, an $8.5 billion settlement to end reviews of foreclosure-abuse claims by federal regulators. BofA has been losing mortgage market share to JPMorgan Chase and Wells Fargo.

Dish Network

A real-time ad auction

Dish Network is at work on a way for advertisers to see what people are watching in real time, setting the stage for last-minute auctions of ad space. The No. 2 satellite-TV provider in the U.S. is basing the program on a service it introduced in November that lists the most popular shows at a given moment. The plan may help smooth relations with advertisers who are upset about a Dish technology that allows viewers to skip commercials by pressing a button on a remote control.

On the Move

Anglo American Mark Cutifani to be CEO • Citigroup Jamie Forese and Manuel Medina-Mora named co-presidents • Sears Edward Lampert replaces CEO Lou D’Ambrosio • Virgin Atlantic Craig Kreeger to be CEO


Magazines Review offers you a broad range of popular American magazines online. Browse an extensive directory of magazines, covering most important aspects of your life. Find the most recent issues of your favourite magazine, or check out the oldest ones.

About content

All the articles are taken from the official magazine websites and other open web resources.

Please send your complains and suggestions through our feedback form. Thank you.