News Snapshot:
Club holding Apple 's (AAPL) standing as an aspirational brand in China shouldn't be affected by an apparent move by the Chinese government to further sever its reliance on foreign technology. Beijing has banned state employees from using Apple's iPhones and other foreign-branded devices at work, The Wall Street Journal reported Wednesday, citing people familiar with the matter. Although the Chinese government has restricted certain officials from iPhone usage in years past, the order has been broadened to include a greater number of workers, demonstrating a more pronounced effort to uphold such regulations. It's unclear, however, how any new rules...
