Science & Technology

Last Update on November 26, 2014 08:05 GMT

IN THE NEWS: APPLE WORTH $700 BILLION

NEW YORK (AP) -- Have an iPhone in your pocket? Well, you're making the company's stockholders happy.

Apple's market capitalization surpassed $700 billion for the first time Tuesday morning.

The iPhone maker is currently the most valuable company in the world, and its stock is up 48 percent in 2014.

The S&P 500 and other indexes are also at record highs.

IN THE NEWS: SONY SETTLES WITH GOV'T OVER GAMING CONSOLE ADS

WASHINGTON (AP) -- Sony is settling government charges that it misled consumers about its PlayStation Vita hand-held gaming console.

The Federal Trade Commission says Sony's advertising claims about the "game changing" technology features of the PS Vita were deceiving. For example, the FTC says Sony wrongly claimed that people could play "cross platform" -- by starting a game on a PlayStation 3 and then continuing it `on the go,' right where they left off, on a PS Vita.

As part of the proposed settlement, the company will provide refunds to people who bought the PS Vita console before June 1, 2012. They'll be eligible for either a $25-cash or credit refund or a $50 merchandise voucher from Sony.

Sony will contact consumers about the refunds or vouchers via email.

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