(Hot Trends article updated with information about Apple's statement on iPhone reception issues.)NEW YORK ( TheStreet) -- iPhone reception is a trending topic on Yahoo for the sixth day in a row. Apple ( AAPL) released a letter on Friday responding to the uproar over iPhone 4 reception issues, explaining that the phones have been exaggerating signal strength. "Upon investigation, we were stunned to find that the formula we use to calculate how many bars of signal strength to display is totally wrong," said the company in the letter. Apple has promised to fix the problem and plans to adopt an AT&T ( T) formula for calculating how many bars to display for a given signal strength.
Google ( GOOG) plans to buy ITA Software for $700 million to boost its travel search capabilities. ITA Software's technology is already used by Microsoft ( MSFT) to find flight, airfare and availability information in its competing search engine Bing. Some fear that the acquisition will allow Google to extend its already significant influence in the search engine sector, but Google is anxious to complete the deal.
The phrase Dow Jones Industrial Average is a popular search term this morning after the Dow fell almost 42 points Thursday for the sixth trading session in a row. The Dow lost 10% during the second quarter, and started the third quarter on a bad note. Investors are looking to recent reports on jobs and housing for some signs of hope.