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Apple's quarterly revenue jumps 27 percent

- Apple Inc reported a 27 percent rise in quarterly revenue as iPhone sales surged and the company raised its share repurchase program by $50 billion.

Recent Business News

Applied Materials scraps Tokyo Electron takeover on U.S. antitrust concerns

TOKYO - U.S.-based Applied Materials Inc on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd after the deal, a rare foreign bid for a Japanese firm, fell foul of U.S. anti-trust regulators. | Video

Google launches portal to buy patents

- Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.

11:07am EDT

U.S. services sector growth cools in April: Markit

NEW YORK, - U.S. services sector expansion eased slightly in April from a seven-month high in March on a dip in new business growth, but the pace of hiring in the sector accelerated to its highest since last June, an industry report showed on Monday.

9:47am EDT

Time Warner Cable, Cox Communications deny report of merger talks

- Time Warner Cable Inc and Cox Communications Inc [COXC.UL] denied a Wall Street Journal report on Monday that Time Warner Cable had approached Cox Communications to discuss a potential merger.

3:35pm EDT

Investors question Deutsche Bank's overhaul

FRANKFURT - Deutsche Bank's biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late. | Video

11:29am EDT

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