Apple Inc iPad 3 Called iPad HD, Google Inc Must Share Info With Apple

Apple Inc (NASDAQ:AAPL): Last week, Apple became just the sixth company in U.S. history to pass $500B in market capitalization, and trading has become more volatile, indicating that more investors are tracking headlines and looking for quick gains, reports Reuters. The company accounts for over 4% of the weight of the S&P 500 index, an outsized standing that has caused its moves to dictate market direction on a daily basis. Meanwhile, CNet has learned that Apple’s (NASDAQ:AAPL) rumored upcoming tablet will be called the iPad HD and not the iPad 3 in order to promote a high-definition screen, according to a developer with reliable information. Also, Apple (NASDAQ:AAPL) has begun sliding back shipping estimates on its TV set-top box, reports Apple Insider. In some regions like Germany and the U.K., shipping estimates have gone from “Available” to “Ships in 1-2 business days.” After New York’s Sen. Charles Schumer asked the Federal Trade Commission to investigate apparent privacy loopholes in the Apple’s (NASDAQ:AAPL) iOS and Google’s (NASDAQ:GOOG) Android mobile operating systems, both companies have agreed to meet with him to discuss the concerns, reported AppleInsider.

Google Inc (NASDAQ:GOOG): In Chicago, U.S. Circuit Judge Richard A. Posner ruled that Google (NASDAQ:GOOG) and a Motorola Mobility Holdings (NYSE:MMI) unit must turn over information to Apple (NASDAQ:AAPL) about the development of Google’s Android operating system in a patent lawsuit, reports Bloomberg. They must also give Apple information about Google’s pending $12.5B acquisition of the mobile phone maker.

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