Apple shares get boost on Icahn dinner with CEO Cook

Reuters) - Shares of Apple Inc. rose about 2 percent on Tuesday on news that billionaire activist investor Carl Icahn had dinner with Apple chief executive Tim Cook on Monday and "pushed hard" for a buyback.

"Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks," Icahn tweeted on Tuesday.

Apple's Cold and Blustery Crossroads

Those of us who pay attention know Apple is innovating on the things that matter -
- and ignoring the things that don't, like a major form factor update that falls out of its normal development cycle. That's why the success or failure of the iPhone 5s and 5c is so critically important. Is a major new iPhone invention really needed or not? The storm is raging around Apple.
What we're seeing from Apple right now -- and how consumers respond -- will not only determine the company's future, but also shape our love for its products. It all hinges on the new iPhone 5s and iPhone 5c.

Apple Touch ID fingerprint tech 'broken', hackers say

Hackers claim to have broken Apple's iPhone 5S Touch ID fingerprint recognition system just a day after the phone was launched.

Germany's Chaos Computer Club claims it "successfully bypassed the biometric security of Apple's Touch ID using easy everyday means".
By photographing a fingerprint left on a glass surface and creating a fake finger they were able to unlock the phone, the hackers claim.