Lowe's Deploying iPhone POS Systems in Retail Overhaul

Lowe's plans to outfit employees with 42,000 iPhone 4s next month, with custom apps that will make use of the device as a point-of-sale system as part of a technology-heavy retail overhaul. The retailer will introduce a new MyLowes online tool and implement the iPhones in an effort to catch rival Home Depot, which invested more than $60 million on handheld Motorola POS system last year.