Roundup: Spanish Town / Apple settlement / US home sales 

    No 2021 ball: The Spanish Town Mardi Gras ball has officially been canceled, WBRZ-TV reports. Due to coronavirus-related closures and restrictions, organizers say they don’t want to hold the event with a maximum capacity of 250 guests, masks required, dancing prohibited, and alcohol sales ending at 11 p.m. Plans for the parade have not yet been made, though organizers are moving forward with plans. 

    iPhone issues: Louisiana Attorney General Jeff Landry, along with more than 30 other state attorneys general, announced a $113 million settlement with Apple Inc. regarding the company’s 2016 decision to slow down consumers’ iPhone. Based on their multistate investigation, Landry and his colleagues allege that Apple discovered that battery issues were leading to unexpected shutdowns in iPhones. Rather than disclosing these issues or replacing batteries, however, Apple concealed the issues from consumers.    

    ‘Spectacular gain’: Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain,” CNBC reports. The annualized sales rate is the highest since February 2006. The highest pace ever was in 2005 at 7.1 million units. Read the full story.