This is ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
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And I'm Audie Cornish. Apple unveiled two new phones today. One of them, the iPhone 5C, is a lower-priced phone aimed at customers in the developing world. The other, a high-end model, comes with a fingerprint scanner called Touch ID. Now, the unveiling comes as the company faces pressure on several fronts - from rival phone makers, and from Wall Street investors clamoring for breakthrough products.
Apple unveiled its replacement for the iPhone 5 — one for the top end of the market that features an innovative new fingerprint security device, a faster processor and longer battery life; and a second budget phone that will retail for as low as $99.
CEO Tim Cook was joined by other Apple executives at the Cupertino, Calif., headquarters for the long-anticipated and hyped announcement of the iPhone 5s and iPhone 5c.
Cal Worthington, a man whose used-car ads rose to the level of a cultural phenomenon, died Sunday at age 92. He was a fixture on televisions in California for decades, with zany sales pitches that drew both customers and fame.
"I will stand upon my head to beat all deals," was Worthington's slogan, "until my ears are turning red."
Leaks to tech industry sites give us a sense of what to expect from Apple's coming product announcement: Not one, but two new iPhone models. One will be more affordable, to reach international markets. The other, which we believe will be called the iPhone 5S, will come in gold or champagne colors.
Las Vegas is adding an eye-catching tourist attraction, in the form of a huge wheel that can take more than 1,000 people on a ride 550 feet into the sky over the city's famed Strip. The main construction of the wheel, called the High Roller, is nearly finished; it is expected to open in early 2014.
And we reported yesterday that Neiman Marcus was in the final stages of closing a big deal. Now the deal is done. The upscale retailer has just made its biggest sale ever - itself. The price: $6 billion. The buyers - the Canada Pension Plan Investment Board and a U.S. private equity group.