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Tag Archives: stock

Apple 4Q net income soars 70 percent

SEATTLE — Apple Inc. said Monday that net income for the most recent quarter soared 70 percent on strong sales of iPhones, though iPad sales fell short of expectations. Shares fell in after-hours trading. Apple’s stock had been breaking through ...

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Apple shares top $300 a share for first time

NEW YORK — Apple’s shares topped $300 for the first time Wednesday as stellar iPad sales and a planned expansion into China continued to give investors high hopes for the iPhone maker’s already healthy prospects. Shares of Apple Inc. climbed ...

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Pfizer will buy King Pharmaceuticals for $3.6B

NEW YORK — Pfizer Inc., the world’s largest pharmaceutical company by revenue, said Tuesday it will buy pain drug maker King Pharmaceuticals Inc. for $3.6 billion in cash. Pfizer is paying $14.25 per share for King. That’s a premium of ...

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Burger King agrees to $3.26B buyout by 3G Capital

CHICAGO — Burger King Holdings Inc., the nation’s perennially No. 2 hamburger chain, said Thursday that it is selling itself to little-known private equity firm 3G Capital in a deal valued at $3.26 billion. Its shares soared to an 18-month ...

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Stocks drop as jobless claims rise unexpectedly

Stocks tumbled Thursday after two disappointing economic reports renewed investors’ concerns about the pace of the recovery. The Dow Jones industrial average fell 144 points. All the major stock indexes fell more than 1 percent. Interest rates also fell sharply ...

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