Obama, Republican Christie tour storm-hit New Jersey, trade praise

ATLANTIC CITY, New Jersey (Reuters) – Putting aside partisan differences, President Barack Obama and Republican Governor Chris Christie toured storm-stricken parts of New Jersey on Wednesday, taking in scenes of flooded roads and praising each other for their response to superstorm Sandy.

Apple’s 2012 Annual Report: More Employees, More Office Space, More Sales

NewImageApple today filed its 2012 annual report with the U.S. Securities and Exchange Commission, and the document reveals a few interesting tidbits of information:

– Apple now has 72,800 “full-time equivalent” employees, up from 60,400 last year. The company also went from employing 2,900 “full-time equivalent” temporary employees and contractors to 3,300. 42,400 “full-time equivalent” employees are in the retail division, up from 36,000 last year.

– Apple went from 357 stores at the end of fiscal 2011 to 390 stores at the end of fiscal 2012, up 33 from the year prior. Apple earned an average of $51.5 million per store, up from $43.3 million last year. The average number of “full-time equivalent” employees per store grew from 100.8 to 108.7. Apple expects to open 30-35 new stores in 2013, with 75% of those located outside the US.

The Company’s headquarters are located in Cupertino, California. As of September 29, 2012, the Company owned or leased approximately 17.3 million square feet of building space, primarily in the U.S., and to a lesser extent, in Europe, Japan, Canada, and the Asia-Pacific regions. Of that amount approximately 10.9 million square feet was leased building space, which includes approximately 4.1 million square feet related to retail store space. Of the Company’s owned building space, approximately 2.6 million square feet that is located in Cupertino, California will be demolished to build a second corporate campus. Additionally, the Company owns a total of 1,077 acres of land in various locations.

As of September 29, 2012, the Company owned a manufacturing facility in Cork, Ireland that also housed a customer support call center and facilities in Elk Grove, California that included warehousing and distribution operations and a customer support call center. The Company also owned land in Austin, Texas where it will build office space and a customer support call center. In addition, the Company owned facilities for research and development and corporate functions in Cupertino, California, including land for the future development of the Company’s second corporate campus. The Company also owned data centers in Newark, California; Maiden, North Carolina; and Prineville, Oregon. Outside the U.S., the Company owned additional facilities for various purposes.

– As this document is designed mainly for prospective and current investors in the company, Apple also lists a number of risk factors that could affect investments in the company. These include “[Apple] could be found to have infringed on intellectual property rights”, the ability to “successfully manage frequent product introductions and transitions”, “the Company’s ability to obtain components in sufficient quantities”, and numerous more.

– Unlike last year, when Apple said it had no plans to pay a dividend,
the company now “expects to pay quarterly dividends in the future.”

The document is thick with financial information, including breakdowns of all sorts related to how the company makes money, invests its money, and pays taxes, among other things.


Obama, Republican Christie tour storm-hit New Jersey, trade praise

ATLANTIC CITY, New Jersey (Reuters) – Putting aside partisan differences, President Barack Obama and Republican Governor Chris Christie toured storm-stricken parts of New Jersey on Wednesday, taking in scenes of flooded roads and praising each other for their response to superstorm Sandy.

U.S. eases clean gasoline rules in East after Sandy

WASHINGTON (Reuters) – The U.S. environmental regulator temporarily waived clean gasoline requirements through November 20 across the eastern seaboard to ease a supply crunch after Hurricane Sandy.

Devastated Northeast crawls back after monster storm

NEW YORK (Reuters) – The Northeast began an arduous slog back to normal on Wednesday after historic storm Sandy crippled transportation, knocked out power for millions and killed at least 64 people with a massive storm surge that caused epic flooding.

Race tight in four states, Obama holds slight edge: Reuters/Ipsos poll

WASHINGTON (Reuters) – President Barack Obama and Republican Mitt Romney are neck and neck in four of the most hotly contested states in next week’s election, but Obama holds a slight advantage in two of them, according to a Reuters/Ipsos poll released on Wednesday.

New York’s Bellevue Hospital evacuates about 500 patients

NEW YORK (Reuters) – New York City’s Bellevue Hospital Center, which has been operating on backup generators since massive storm Sandy pummeled the city, is being evacuated, New York Mayor Michael Bloomberg said on Wednesday.

New York commuters walk, bike and fume amid post-Sandy snarls

NEW YORK (Reuters) – New York City commuters endured hours-long bus trips and bumper-to-bumper traffic on Wednesday as the city struggled to fix a crippled subway system and get back to business in the wake of mega-storm Sandy.