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Morning Outlook

Apple Adding New Security Measures to iCloud Accounts

By Morning OutlookFOXBusiness

The market opened strong Thursday, touching new highs on news of stimulus from the European Central Bank. But stocks pulled back in the afternoon, the Dow dropping 9 points. Apple CEO Tim Cook says the company is adding security measures to keep hackers out of its users' iCloud accounts.  In two weeks, Apple (NASDAQ:AAPL) will alert you via email and push notification when someone tries to get in. Bad publicity like the nude celebrity photos posted online is not what Apple wants just days ahead of a major product announcement. A reputable Apple analyst with KGI securities now giving details on one of those products: The iWatch. He says it will come with eight gigs of storage, so you'll be able to store music and apps, and the watch will come in two sizes. We find out for sure on Tuesday. In the meantime, Google (NASDAQ:GOOG) is paying up for lax security in its app store. It's refunding a minimum of $19 million to settle federal allegations it billed parents for unauthorized purchases made by their kids on mobile apps. And there's a new king of the toy industry: LEGO. Its first-half sales rose 15%, thanks in part to "The LEGO Movie."  LEGO is now outselling Mattel, making it the world's biggest toy company.

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