Apple Inc. said it’s looking into complaints from iPhone users who say their handsets aren’t performing as well after an upgrade to the most recent version of the device’s operating system.
The new operating system was released when the iPhone 4 hit store shelves last month. A forum titled “iPhone 3G slow after update to iOS4″ has more than 130,000 views on Apple’s website.
Apple, which has faced criticism about the antenna design of the iPhone 4, added more than 100 new features with the iOS4 operating system, including multitasking and folders so people can organize downloaded applications.
PMI Group Inc. plunged 13 percent in New York trading, leading a slump of U.S. mortgage insurers after posting a second-quarter loss that missed analysts’ estimates on increased paid claims.
The loss of $150.6 million, or $1.11 per share, compares with a loss of $222.6 million ($2.71) in the year-earlier period, the Walnut Creek-based company said on Thursday. The loss was wider than the 66-cent average estimated loss of five analysts surveyed by Bloomberg. PMI hasn’t been profitable since 2007.
PMI, the third-largest U.S. mortgage guarantor, slid 51 cents to $3.28 at 11:01 a.m. in New York Stock Exchange composite trading. MGIC Investment Corp., the largest U.S. mortgage insurer, fell 2.7 percent to $8.64, while No. 2 Radian Group Inc. slumped 3 percent.
Franklin Resources Inc., manager of the Franklin and Templeton mutual funds, said fiscal third-quarter earnings rose 21 percent as deposits in its global bond fund ranked second behind Bill Gross’s Pimco Total Return Fund.
Net income for the quarter ended June 30 rose to $360.5 million, or $1.58 per share, from $297.7 million, or a revised $1.28, a year earlier, the San Mateo-based company said Thursday.
Franklin benefited from investors who favored bonds over stocks as its $34.6 billion Templeton Global Bond Fund attracted $8.8 billion in the first half of the year, topped only by the $20.9 billion deposited in the $234 billion Pimco Total Return, the world’s biggest bond fund, according to data compiled by Morningstar Inc.
Google said Thursday that people in mainland China were being blocked from using its Internet search engine. The company posted a notice about the new barrier without any other details.
It’s the latest twist in a high-profile showdown over Internet censorship pitting Google against China’s communist government.
Google risked having its search engine cut off from the world’s most populous country because it was no longer willing to let China’s government control its search results. The two sides had appeared to reach a truce three weeks ago when China renewed Google’s Internet license there.