by Ed Palmer| Financial Wired | http://bit.ly/1nQ647K
August 26, 2014 :: by Apple Inc. (NASDAQ:AAPL) is on watch after Los Angeles schools Superintendent John Deasy says he is suspending a $1 billion iPad initiative with AAPL amid scrutiny over Deasy’s close ties with AAPL and Pearson Plc (PSO) and the integrity of the bidding process.
An initial $30 million contract with Apple Inc. (NASDAQ:AAPL) and PSO was approved just over a year ago, according to the LA Times. That was expected to expand to about $500 million with the project rolling out over the next year or so. An additional $500 million investment was to be made for expansion of Internet and other infrastructure at schools.