NEW YORK --
CEO Tim Cook told a conference Tuesday that the iPod and iPhone maker was "incredibly interested" in wearable computers.
"It's an area where it's ripe for exploration. It could be a profound area," Cook said at a conference sponsored by the
All Things Digital
"It's ripe for us all getting excited about. I think there will be tons of companies playing in this," Cook said.
Rumors have circulated this year that Apple is developing and testing a "smart watch" type of device which will run on Apple's iOS software. Cook didn't say at the conference whether Apple was working on any wearable products.
reached an agreement in principle with the U.S. government on a plan designed to protect national security as the two companies seek to close their $20 billion takeover deal,
The Wall Street Journal
reported, citing people familiar with the matter.
The security agreement is likely to be finalized in coming days, the
said. The agreement would clear the biggest regulatory hurdle facing Softbank's proposed acquisition of Sprint, the No. 3 U.S. wireless carrier.
is exploring a sale of a stake in its shallow water Gulf of Mexico assets, attracting private-equity interest as it looks to reach a $4 billion asset sale target, several people familiar with the matter told
is expected by analysts to report on Wednesday first-quarter earnings of 36 cents a share on revenue of $707.8 million.
Wall Street expects
to report first-quarter earnings of 44 cents a share.
-- Written by Joseph Woelfel
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