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Apple’s stock suffers worst week since 2013

Apple’s stock suffers worst week since 2013

SAN FRANCISCO Apple Inc on Friday ended its worst week on the stock market since 2013 as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake. Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the Standard & [...]

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Google faces first EU fine in 2016 with no deal on cards: sources

Google faces first EU fine in 2016 with no deal on cards: sources

BRUSSELS – Google (GOOGL.O) is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc’s regulator over its shopping service, people familiar with the matter said. There are few incentives left for either party to reach a deal in a six-year dispute [...]

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Amazon’s profit and revenue surge sweeps away doubts

Amazon’s profit and revenue surge sweeps away doubts

Amazon.com Inc’s (AMZN.O) shares jumped in early trading on Friday, a day after the company reported profit and revenue that swept away analysts’ estimates along with doubts about the online retailer’s investment spree. “It’s all just working,” JP Morgan analysts wrote in a research note. “While it’s tempting to try to pull out each component [...]

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