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European stocks rise, Asia lifted by Japan stimulus

LONDON Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

Recent Business News

Apple sells more iPhones than expected, shares jump after hours

Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

5:25am EDT

Apple CEO touts future technology amid iPhone worries

SAN FRANCISCO As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.

1:17am EDT

Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

TOKYO Japan's Nintendo Co Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game's success.

Japan, Tech 5:59am EDT

Tesla's Musk sees 'modest' capital raise for next strategic turn

SPARKS, Nevada Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. | Video

4:51am EDT

AccorHotels buys concierge group to counter Airbnb challenge

PARIS AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, as it pushes further into new hospitality services and beefs up its response to the challenges of Airbnb.

Tech, Deals 7:50am EDT

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