More BlackBerry Desperation, Apple Hires Burberry CEO: Morning Buzzers
U.S. stock futures remained steady this morning as investors continue to wait on progress in the budget negotiations between lawmakers. The government has now been shut down for 15 days, but it has been speculated that Senate leaders could reach an agreement today that will prevent the U.S. from defaulting on its debt. The U.S. will max out its borrowing authority by Thursday, and will default on its debt before the end of the month if an agreement isn’t reached.
Futures at 8:30 a.m.: DJIA: -0.08% S&P 500: -0.18% NASDAQ: 0.00
Here’s your cheat sheet to what’s buzzing this morning:
Apple (NASDAQ:AAPL) has hired Burberry (BBRYF.PK) CEO Angela Ahrendts to a new position called Senior VP of Retail and Online Stores, the New York Times reports. Ahrendts will leave Burberry to begin working at Apple in the spring. The Times said that Ahrendts is Apple’s second big hire from the fashion industry, which seems to support rumors that the company is working on a smartwatch device.
Chevron (NYSE:CVX) is trying to convince a judge that a group of Ecuadorean villagers and their U.S. lawyer used bribery to win an $18 billion case against the oil company on grounds that Chevron contaminated the environment in the Amazon, according to Reuters. Chevron is looking to prevent the villagers and their lawyer, Steven Donzinger, from enforcing the judgement reached in Ecuador in the U.S. Donzinger and the villagers claim no wrongdoing, and may pursue the case in other countries as well.