Afternoon Coffee: Horsemeat Scandal, Boeing 787 Update, Wal-Mart Promises Jobs to Veterans

In the U.K. and Ireland, beef still preferred over horsemeat

Cameron
tells supermarkets: horsemeat burger scandal unacceptable

--Supermarkets in the U.K. and Ireland are in the midst of an embarrassing
product recall after the discovery of horsemeat and pork in some beef
burger products sold by Tesco, Aldi and other major grocery retailers.
Tesco's Everyday Value products were found to have horse DNA levels of 29
percent relative to beef content. Despite the fact that horsemeat poses no
threat to consumer health, the British and Irish governments are
investigating whether Dutch and Spanish suppliers are to blame.

Former Apple CEO says iPhones are too expensive

Apple
iPhone needs to adapt to emerging-market growth, Sculley says
-- Could
this be the end of the $500 iPhone? With demand for the newest iPhone 5
lower than expected, former CEO John Sculley is advocating an overhaul of
Apple, Inc.'s supply chain in order to penetrate emerging markets and
remain competitive with other smartphone companies such as Samsung.

More bad news for the Boeing 787 Dreamliner

Boeing
787s grounded by two Japanese airlines
-- Japan Airlines and All
Nippon Airways decided to ground their Boeing 787 Dreamliners after battery
problems and a burning smell in the cockpit led to one passenger jet making
an emergency landing in Japan. It is the latest in a series of safety
issues concerning the Boeing aircraft, which has thus far experienced fuel
leaks, a battery fire and a brake glitch.

"If you're a veteran and you want a job in the retail industry, you
have a place at Wal-Mart."

Wal-Mart
Plans to Hire Any Veteran Who Wants a Job
-- Wal-Mart recently
announced plans to offer a job to any veteran who left the military in the
previous year and did not receive a dishonorable discharge. The nation's
largest retailer expects to hire more than 100,000 veterans over the next
five years to help reduce the veteran unemployment rate, an effort that has
received strong support from the White House.

- Sydney Lazarus

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