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Apple says it will pay out $100 billion to its shareholders in stock buy backs and increased dividends by the end of 2015. On Tuesday, the company announced its first profit decline in a decade. Slowing sales of the Apple iPhone are blamed for the disappointing profit results.
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A new analysis of census data shows that net household worth between 2009 and 2011 was up significantly for the top 7 percent.
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It quickly became clear that the "news" was not true. There had been no explosions at the White House and President Obama was fine. But a message on the wire service's Twitter account rattled investors.
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Crumbs Bake Shop's stock price hit a high of more than $13 a share after its IPO in 2011, but it's been on a steady decline since then. Yesterday, the company's share price hit a new low of $1.29 a share.
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Investors have cooled on the once high-flying tech leader, and its share price has plummeted in recent months.
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Analysis by The Wall Street Journal, going back to 1928, shows that the year the cicadas return, the stock market has grown on average by 21 percent — that's double the historical average.
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Few expected the Bank of Japan's program to buy up government bonds to dwarf the Federal Reserve's similar effort in the U.S. Japan's stock market has soared and the yen's value tumbled. Thus far, the move is boosting exports, but is also making Asian competitors nervous.
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The central bank made a mistake. It sent minutes from its most recent policy meeting to a small group of influential institutions, including some major banks, a day earlier than scheduled. But the minutes are always weeks old. Why are they important? Because they contain clues to the Fed's thinking.
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KPMG withdraws as accountant for nutrient-supplement supplier Herbalife and footwear maker Skechers USA after the companies say one of the auditor's partners may have traded in confidential information on the two companies.
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The S&P joins the Dow Jones Industrial Average, which broke its 2007 record earlier this month. Both indices have now recovered all the losses they suffered during the Great Recession.