White House taps Mary Jo White to lead SEC
President Obama names former U S attorney Mary Jo White to head the Securities and Exchange Commission, citing her decade in Manhattan prosecutions of white collar crime and terrorism. If confirmed, she would replace Elisse Walter as SEC chair amid Wall Street reform efforts.
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Microsoft 20 earnings dip despite Windows 8 lift
Microsoft reports a 4 percent drop in fourth quarter earnings to 76 cents a share on revenue of 21.5 billion. Windows 8 contributed 24 percent higher revenue in its first quarters, though overall sales faced tepid uptake and PC shipments declined globally.
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Apple dips Nasdaq with weaker sales forecast
Apple slid $61.08 to $452.93 as its forecast of a 7 percent current quarter sales gain dragged the Nasdaq lower by 27 points while Apple makes up 10 percent of the index. Netflix jumped 38.49 to 141.78 on a first profit with 2 million new subscribers.
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