Apple doubles iPhone sales in first quarter
Apple reported 37 million iPhones sold in the quarter, doubling the prior quarter and more than doubling year-ago holiday sales, signaling potential to become the world's top smartphone maker as Samsung contends. Yahoo posts another weak quarter with 296 million earnings and 1.32 billion revenue, while Fed officials rotate on policy the first meeting of the year.
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Apple
Apple Inc
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U.S
McDonald’s posts 4Q profit up 11 amid budget push
McDonald’s reports fourth quarter net income rising 11 percent to 1.38 billion with 1.33 dollars per share on 6.82 billion in revenue. Analysts expected 1.29 per share and 6.81 billion revenue as the chain wins cash strapped customers with low prices and new offerings.
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Johnson & Johnson posts rebound after recalls hit profits
Johnson & Johnson reported fourth quarter net income of 218 million dollars or 8 cents a share, down from 1.94 billion or 70 cents a share a year earlier. Higher overseas sales helped revenue recover after a year of declines amid recalls and litigation.
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Verizon
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Wireless
Johnson & Johnson
Wall Street
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New Fed Voters May Back Help for Economy
New York AP report states that if Chairman Ben Bernanke seeks additional Federal Reserve support this year he is unlikely to encounter the same level of opposition seen in the previous year.
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Fed
New York
Ben Bernanke
Federal Reserve
Verizon Posts Big Loss Amid iPhone Push
Verizon reported a 2 billion dollar loss in the fourth quarter as it invested heavily to expand iPhone sales. The AP article notes the launch of the iPhone 45 and Verizon’s strategy to boost customer loyalty and higher monthly bills.
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Verizon
New York
Facebook to switch to Timeline profile format
Facebook will require users to adopt a new profile format called Timeline. Timeline compiles photos links and personal musings into a scrapbook of a user’s life while the traditional profile shows a snapshot of the present.
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New York
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