Audits begin at Apple's China factories
Quick ReadApple's stock broke above $500 for the first time Monday. It was the latest step in a rally that began more than two weeks ago, when the company reported staggering sales and profits for the holiday quarter.
Photo credit: AP, 2011 | Apple stock broke above $500 per share on Monday, Feb. 13, 2012. It was part of a rise in the markets in general after a resolution of a debt crisis in Greece.
Apple said Monday that an independent group, the Fair Labor Association, has started inspecting working conditions in the Chinese factories where its iPads and iPhones are assembled.
Amid growing criticism over labor and environmental practices -- especially in China -- Apple, last month, disclosed a list of suppliers for its popular gadgets for the first time.
The FLA team began the...
