Foxconn – the manufacturer for Apple, HP, and other gadget giants – said it found underage interns as young as 14 working at one of its factories in China. Despite labor-watch organizations, child labor is still a big concern in China.
Foxconn, which manufactures iPhones and iPads for Apple, halted production at a Chinese factory after a brawl by up to 2,000 employees injured 40 people. The fight erupted at a Foxconn dormitory near the iPhone factory.
Investors hope an upcoming Federal Reserve meeting will lead to a jump in stock prices. The average of 30 large company stocks has already gained 1.8 percent to start September, a month which is usually dismal for stocks.
Hewlett-Packard will cut 2,000 more jobs than it had previously announced, bringing the total up to 29,000 by October 2014. The Hewlett-Packard layoffs may be a sign that the slumping personal computer market will weaken even further.
Dell CEO Michael Dell is struggling to defend the market share of what was once the world's top PC maker against Asian rivals like Acer and Lenovo, not to mention Apple. Michael Dell intends to slash nearly $2 billion in costs over the next few years.