Standpoint Research founder and research director Ronnie Moas cut his rating on Apple Inc. AAPL +0.12% and advised investors also sell Amazon.com Inc. AMZN -0.11% and Philip Morris International Inc. PM +0.07% for purely moral and ethical reasons, CNBC reported Monday. "For Apple Computers to pay their [overseas] workers $2 an hour while they have $150 billion in the bank is nothing short of obscene. I heard all of the arguments in their defense and they make no sense to me," CNBC quoted Moas's research note as saying.
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