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Apple’s quarterly profits slip; Stocks tumble after hacked AP tweet; Dreamliner plans return to the skies; Senate considers Internet sales tax bill; Subscribers stream to Netflix

Earnings: Apple’s quarterly profits slip

“Apple has found a big investor that still has faith in its future: itself,” said Nick Wingfield in The New York Times. The technology giant posted its second-quarter earnings last week, revealing its first decline in profits in a decade, due largely to slowing iPhone sales. The firm says it now plans to return cash from its $145 billion war chest to shareholders by buying back stock. Apple’s share price hit a peak of $700 in September, but since then it has dropped by 42 percent. More and more frustrated investors have clamored for the company to spend or share the wealth “as warning signs began to emerge about its growth prospects.”

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