Is Apple Facing the Music?

Apple stock reached an all-time high of more than $500 a share this morning, as Apple announced an independent audit of working conditions at Chinese subcontractors. How bad are they? Do consumers care enough to change their buying habits? Also, President Obama releases his election-year budget, and Israel is blaming Iran and Hezbollah for a car bomb that exploded in India and another that was defused in Tbilisi.

Banner image: Amanda Kloer, Director of Organizing at Campaign on Change.org, speaks to reporters during a protest in front of the Apple store in Washington, DC on February 9, 2012. Photo by Karen Bleier/AFP/Getty Images