Foreclosure homes near 1 million in 2010
LOS ANGELES --- More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.
Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service.
By comparison, lenders have historically taken over about 100,000 homes a year, said Rick Sharga, a senior vice president at RealtyTrac.
iPhone reputation challenged after tests
SEATTLE --- Apple has an iPhone problem it probably can't just fix with duct tape.
Consumer Reports said this week that it won't endorse the iPhone 4 as "recommended" because tests show that simply holding the gadget can cause reception to fade.
Bloggers and others have been speculating since then that the report may mar Apple Inc.'s Teflon reputation and even lead to a recall.
Apple hasn't responded, but analysts don't expect such drastic measures.
Some don't believe Apple could have made such a severe mistake.
Others point out how much Apple fans have already endured to own the device and believe an avoidable technical glitch won't be the last straw.